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JWKirkland, At some point at the end of a trader's life, you would be able to take every trade they ever made and come up with a net profit or lose level for each trade averaged out over the course of their trading career. That number better pay for commissions and still remain positive...

traderkay, I guess what I mean is a program you click "run" come back 8 hours later and see you're up 10 points for the day. Whatever that is called is what I am talking about. aphie

max401, It is the same thing as with MISC.INVEST.STOCKS -- I might as well make a name for myself before I get interviewed for the 4'th edition of Market Wizards. aphie

TNT and others, I will scalp for .50 points at the very onset so I can accumulate points that will allow me to play larger moves. Whatever I have to do to survive, I will do it. Between a cubicle / Dilbert life and staring at the screen all day, I want to stare at the screen all day --...

Grubman told me to buy Worldcom in January, too. aphie

Seeing that slideshow really got to me. I remember the last time I saw the towers with my own eyes was on February 8'th, 2001. Now looking at the NY skyline without them there is just scary. It is like living in another alternate universe. So much has changed since that day, and so much...

I wanted to start a new thread from the discussion currently taking place in "Scalping e-minis." Let's talk about the "Blackbox." This box is a fully developed system that automatically removes all emotion and decision making from trading the futures. This blackbox, in its very simple or...

Yannis, So do you believe a "blackbox" could be designed to automatically trade throughout the day, totally remove the human component and remain consistently profitable? I'm not saying I don't believe this, I am just asking your opinion. This would solve the "emotional" aspects of...

Let's not forget about the many innocent Americans who lost their lives that day -- sons, daughters, mothers and fathers. May we never have the opportunity in the future to profit from such a catastrophe. aphie

The problem with a strictly mechanical system is that it can't see the "color of the market" (as Grubman, my favorite Telecom analyst said). I don't understand how Mr. Bright can make a claim about no mechanical systems being profitable -- Larry Williams himself has come up with a number of...

With all do respect, I disagree with you on the 50% hit-rate. This would assume an entirely random system -- and the market is not random. It trends, oscillates, staggers, etc -- noise may appear random, but at some time-frame you will find a trend or S/R level for stagnation periods. I...

Let's slow down the entire process. I am watching the tape (as I have been doing all day today -- slow day at work!) and the current price is: 882.25 x 882.50 I decide to purchase at ask for 882.50. Now, if I put a stop loss in at 882.00, then in order for my stop loss to trigger, the...

Have you, or someone you've known, ever been a successful trader just by watching the tape? (i.e. no TA, no indicators, etc) -- Just time and sales, a chart and volume? aphie

Who in here uses Candlestick patterns when trading -- and on what time frames? aphie

Whamo, I have nothing to prove to you or anyone else on this board. I am not going to put up with this bs about someone having to trade an actual commodity with real money to be allowed to offer advice. I am net positive every day on paper, so my system works. I was just trying to offer...

Whamo, GFY. Who the hell are you to judge another person's advice? Furthermore, who are you to determine what advice other's may or may not consider worthy? Anyone who is on this board is a grown man or woman and is able to make these determinations for themselves. If you're going to...

Whamo, WTF are you talking about -- I've been trading QQQ, ETFS and other stocks for a long time. This is my first venture into futures. Get your facts straight. aphie

Puffy, I would never do that. If I'm efficient enough to lose my own, why drag other people's accounts along with me. :cool: However, I will succeed. aphie

Whamo, Yes, but professionals were sailing the ark while amateurs were sailing the Titanic. aphie

I generally look at the 5, 10 minute charts to see where the more major trends are, and use the 2 minute charts for signals to jump in when there is a divergence from the main trend. One of the things I find is that, if I trade into the major trend and keep a stop loss of between 4 and 5, I...