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Well they're up; the only way to go is down or up. Where they're at is irrelevant.

It was at all time highs in 29 as well. :) Markets usually peak before they head down.

Because it's not next year? :D

"I cannot help but raise a dissenting voice to statements that we are living in a fool's paradise, and that prosperity in this country must necessarily diminish and recede in the near future." - E. H. H. Simmons, President, New York Stock Exchange, January 12, 1928

I like this one. :D

I know of a successful position trader who uses EW. I've seen him call some tops and bottoms with very high accuracy. I'm divided at the moment... I'll post again in this thread in about five months, when a supposed crash much greater than the 30s should be underway, according to EWI. I like...

A lot of calls were bought into yesterday's close. I'm trying to find some correlation between it and indexes... it seems the indicator always peaks a day before it goes down, so it's interesting to see it go so high yesterday on a down day.

I don't hedge, because: 1/ I don't risk much on each trade, and 2/ I trade CFDs, and I always use GSLs

1. Realising the value of following your own rules. It's fun and interesting to listen to others, but NEVER let it influence your trading. Of course it depends on your system, but I've been most profitable when I've ignored reports and indices etc. 2. Cutting losses. 3. Patience as well...

Any Elliott Wave people on the boards? One analyst I follow is saying the Dow only has 100 points left in it, and I think he draws his conclusions mostly from EWI.

Only some of the time.

I am thinking of risking more and taking shorter term positions. Maybe even up to 4% per trade. Hitting 10 opportunities a month, if my win/loss came down to to 2:1, would yield about 8% using 2% risk - obviously higher the more I risk. I am confident I could achieve 10-15% average per month...

Both are factored in. I think it's a pretty average expectancy? Commissions aren't much on a decent account.

Sorry, by simple, I probably meant naked TA. That is, without using indicators etc., just charts and price action. No influence by news, announcements, etc.

On average about 1 opportunity per stock I follow (20) per month. So about 240 opportunities a year. Expectancy: 0.43 Win/loss ratio: 3:1 Wins: 50% Do the math with different risk percentages.

Anyone here just trade chart patterns and volume? Or rather, anyone here not use indicators? I don't, but I'm a swing trader... however I do sometimes use the RSI to give me an idea of recent buying/selling activity.

Out of interest, is your system mechanical or discretionary?

I don't live in the US, but here's an interesting article written by a Florida real estate agent: http://globaleconomicanalysis.blogspot.com/2006/07/ghost-housing-market.html

Playing golf well consistently is all about risk management, like trading. Your overall results will be much better if you know your strengths and play within your limits - what works. Kinda similar to trading... if on every trade you traded the lot on a hopeful windfall trade, you'll...

Don't be too sure. Just because it's an expiration week doesn't make it a case for an uptrending market. Hope you have stops. The market will do what it wants.