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ditto. :)

And what sort of $ fee would such a service command on a weekly or monthly basis? In essence, you are looking to mimmick another's trades? You will have to be sure the style and account size requirements are suitable. I have to agree, historical is for the birds.

The trade from 1451 gave it all back if stops were not trailed down to 1444 area. The opportunity to go long was there at 1444 as well and stops outside the noise have kept you in this long. A new short has setup from here upward with stops @ 1459.50. Targets still 1435 downward on short side.

Hey your going to piss off all those CFA / MBA guys. But yes, I spent years testing that stuff as well, nothing special there. The only fundamentals that are any worth are insider info. Everything else can easily be duplicated or replaced with simple price and volume. But for those who wish...

I feel that if you are playing a hit & run game, your method must be precise with a high win rate. Without that precision and high win rate, your confidence and account will suffer.

Outside the noise level stops are currently 3.5 - 5 points. Anything less is asking to be picked off and entry area is also key.

At least we finally started ridding of the corruption on wall street and the automation will only improve the whole system. Now instead of getting raped by joe smoe on the floor you are getting tricked by highly intelligent adapting algorithms. The patterns are still the same , always will be...

"It bothers the hell out of me thinking that a machine can do the exact same thing that I can do everyday even possibly better." The "trading floors" will adapt. Automated / Screen is the now and the future. They had it easy all these years, the smarter ones will adapt and survive. More...

Romik- If you can quantify this and prove it has merit then treat it as a separate system or it will foil you and your other systems if you combine them. The goal is to eliminate emotion and indecisiveness, the last thing you want is your primary rules-based system having many inputs and...

A 2 minute chart will give you many more false starts and a higher TF might have you giving back a bit of the run if you are trading intraday. As Buy1Sell2 suggested, enter and exit on the same TF or maybe devise a system that combines both.

Intervening would imply you know which side is going to run, right? There will be times when you will be long and short at the same time. The rules you have defined should cancel the trade and the "reactions" are the key. You will lose a little on the event that fails and press the side that...

I never do. There are many patterns and reversals a market can make other than a straight trend. I make sure I always have a winning position off which to play. In other words, there can be approximately an equal number of winning and losing trades, but the winners are always twice as big and...

Do you think it didn't violate 1451 by coincidence or luck? If the public stopped using stops, a lot of quant systems would go awry including my own. You can rest assure that a break of 1451 will likely ignite a nice temporary run up.

Yes you may have caught the top here for a bit. Another strong leg up possible. What is important is that none of us know for sure where the market will stop. Stops make up what the majority of people consider support and resistance and provide areas for the big money to liquidate and refuel...

Romik- I agree. "You must develop a rules-based system to determine when the instrument you are trading is at a lower-risk entry point. You must focus on mathematical probabilities. There are situations where the market goes three standard deviations instead of two. Based on the...

I feel it is important to treat every trade as a mere probable event based on definitive rules realizing this trade is only an event in a normal distribution of events. So you are short? Are you still long as well? How will you rejoin the bullish trend if you are out or only short at the...

Conditions to me are : The market is bullish. The DOW is up 200 points. The tick and tack are at extremes. The DAX is bullish. The SOX is smelly to me. and so on. Rules: B is greater than A and C is less than A. Trade with the rules, ignore the conditions.

Mark- Are these a boundary of market "conditions" or explicit rules? Conditions don't portray decisiveness to me.

Once in a while a few angels appear in our lives. I've had one already appear years back and recently a new one (Buy1Sell2). For those willing and fortunate enough to understand and read into what was taught here and in other forums , you are onto prosperous paths. It can be proven, it is...

It is my belief that unless you have been fortunate enough to devise a trading system with precise mathematical and quantifiable rules, you will always succumb to scaling out. When you scale out, it is because you have not found the proper rules to keep you in a trade or position. Certain...