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Yes, well said. In my case, greed was simply the fear of missing out ( on a move). It kept getting me into sub-optimal trades for the first several years of my career as a speculator/trader. Curiously enough, even at the time my conscious mind was aware of this fact but was unable to stop...

Medveshonok, You are a successful trader in the Russian market but not so in the USA. What do you believe is the reason for this? Are the commissions too high here (for scalpers) or is the market structure very different from Russia? Thanks for your thoughts.

Good post. I have been trading ES since its inception in 1997. This has been one of the main lessons that I have had to learn (again & again:) ). 90% of the battle (especially in day-trading) is to keep yourself in check until a very high-probability setup presents itself. It does not take...

Perhaps this thread should be renamed to avoid confusion with an existing thread with an identical title in this 'Strategy Trading' forum.:confused:

Nana, As suggested above by others, FTP is probably the best way to do it. You can get the FTP server here: http://bpftp.com/index.php I think they have a free 30-day trial with complete support so you should be able to get this transfer done for free. P.S. I have not used this...

Stanley Kroll. Knew him well. http://home.netvigator.com/~raymondo/MMD_Stanley_Kroll.htm For info on some others: http://home.netvigator.com/~raymondo/MMD_main.htm

I used these folks several years ago (in 2001). Even at that time the service was pretty much flawless. http://www.ricochet.com/ Good luck.

I have attached a chart of daily ATR for the YM contract -since the beginning of this year. 1) The red line is the 20 day ATR. 2) The white line is the 60 day ATR. 3) The green line is the 200 day ATR. I used TradeStation 8.1 to generate this chart. I suppose, you could make an...

I am surprised - the city that produced Jesse Livermore does not take much interest in trading.:)

http://www.elitetrader.com/vb/showthread.php?s=&postid=672411#post672411

The YM contract ($5/point) started trading on April 5, 2002. For older data you could try the larger ($10/point) contract (Ticker symbol DJ). However, during RTH, the latter is a pit traded contract.

EZ, If your software allows it, instead of plotting P (Price) you can try plotting (1/P) i.e. the inverse of Price. Good Luck.

Rickshaw, Good job - very nicely done. Always great to see a trader who puts his money where his mouth is. Happy Trading.:)

Hey 40, How did the day end for you? Were you still short during the large sell-off? I think overriding the system, based on visual cues, is unlikely to do better than your system signals. Happy trading. :)

40, Very nicely done. You entered very early on this trade. May I ask if you are using a new method now? If I recall correctly from reading your original thread, you were adding something like 40% to 70% of the lowest of previous 5 days ATR to the opening price to get your entry signal...

OT, Great post, as usual. I do not trade stocks so I cannot comment on that but I do position trade the equity indices (particularly ES) with fairly decent size - both on an intra-day and a multi-day basis. I am actually doing better than I was for the same period last year. I...

LOL.:D Nice to see another Mark Twain fan on these boards.

Hey Doug, Nice work -that’s a nifty little strategy you got there. So far, I am only paper-trading/observing it in real-time during the day while I wait for my discretionary trading setups. In case you wish to compare it with your IWM trades, I have attached a list of every trade signal...

Your version generated two trades for the week in ER2. 07/19/05 Long 668.30 at 13:00 EST, Exit EOD 671.00 Profit $ 270 07/20/05 Long 674.80 at 13.30 EST, Exit EOD 678.90 Profit $ 410 Total for the week = $ 680 per contract BEFORE comm. & slippage. Not too shabby at all! :D :D...

Very nice post. I agree, it is far more important to be certain that the trend change has taken place than trying to get the best entry price. A mediocre entry WITH the trend is much better than the best entry against the trend - especially, if you are looking for large profits and a relaxed...