Search results

'tis the season ! only 4 more shopping days till Christmas :D

Before online trading, when we had to call in orders to the floor (futures markets), the order to open a position would not be accepted without a corresponding stop loss order. You need to enforce the same discipline on yourself for every new trade you plan to enter, no exceptions.

It is important not to confuse "Profitable" with "Perfect". Trader28 never made exaggerated claims about the expectations of this method. He did say he has been using it for two years and it is profitable for him. Implied in this is the idea you will have to stick with the method for a while...

This is a link to the latest chart posted by a JH method student on the main JH trading method thread.... http://www.elitetrader.com/vb/attachment.php?s=&postid=1298350 In terms of the spectrum of simplicity to highly complex, the JH method represents the opposite end of the spectrum from...

War Eagle - excellent post, and I agree 100% !

This next chart is an update of the original chart I posted to open this thread. I switched to a daily line chart and zoomed up to 2 years 3 months, which includes the low point that started this price channel. I included the 5 turning points, and divergences. The channel lines are parallel...

As widely reported our $VIX indicator set a multi-year low intra-day Friday, but closed up for the day. When viewed on a daily closing basis, the lowest close was established Thursday. This first chart is a zoom up of the most recent 3 months of the daily closing line.

Scalping is when your neck muscles ache, your heart races and you have trouble breathing. Swing trading is when you enjoy a nice lunch and take a relaxing walk on the beach :cool:

These relationships tend to drift around over time. For a long time the small-cap index was the leader, then more recently money flow shifted away from small-cap and into large-cap dividend stocks and the relationship shifted in favor of the Dow. I suggest you also look into the cash Dow as a...

snarly - just a suggestion here... I notice your using eSignal as your data-feed. It's an excellent data provider I have used for many years. For this trendlines predicting the future exercise (blank right side of the chart stuff), you should give serious consideration to using Ensign...

haven't seen a good air pocket story in a few years... kinda miss the good ole' days :p

E=MC**2 simple is powerful

classic :D

I will have to redraw the chart once the $VIX turns up on the daily. I think I will zoom it in on the most recent 2 years, where this 11 level has been in play.

He missed getting long at the July Low and subsequent 5 month uptrend and is wishcasting a crash so he can feel better.

XLF having a similar pricing effect.

While there is a respite in the line drawing class/sub-thread, I want to thank trader28 for his work here in this thread. I have enjoyed following along with everyone learning to use the simple method.

990N

Average down and wait 6 months.... sounds like a Plan :D Just curios, what month contract are you taking your position in ? What if the market takes off to new highs from here and doesn't look back ? In that case you won't get another chance to average in. Might be better to load up the...

During this 2 year uptrend/channel, when the $VIX has crossed below the 11 Level (horizontal green line on the chart), the market has formed an intermediate term price high followed by a retracement. For highs (blue lines), it has taken a retest of 11 or price divergence (as denoted on the...