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I, for one, am thorougly convinced that the market is not a random walk, far from it. There are definately limits to psychological/emotional reactions by human beings, these limits are seen over and over again in the markets. Check this out: http://www.safehaven.com/showarticle.cfm?id=1130...

the market at it's best

Send me your money, I'm better then any short-term trading system out there *wink wink*

Just checking up on you again, how goes it? I think you're starting to get the hang of it and you definately have the right idea of combining your knowledge of divergence plays with s/r levels, during the summer when I had time to watch the markets I did this on ZN/ZB. I would have S/R levels...

Missed my profit target by a penny, chart still looks good, I hold. Also, too bad I picked SYNM instead of AOLA (AOLA up 17%), it happens.

You shorted half a million dollars of MSFT based off of a voice in your head?

Found two very nice plays today and am somewhat split on which to take (SYNM and AOLA), and I like to be fully committed (oh well) so... SYNM is the play, buy limit @ 3.68 and sell limit @ 3.76. BUY 656 shares of SYNM, Syntroleum Corp at LIMIT of 3.68 DAY Profit target is at 3.76, I'll...

I use all limit orders, 95% of the time I don't take the play if it gaps up a lot, learned that the hard way. I have had a lot of success with this strategy, took an account from 1000 to 8000 in 3 months, but I don't want to go over past performance; we'll see how I do in a journal. And yes, I...

Was meaning to do this last night but never got around to it. Figured I would start a journal to keep track of a little experiment I'm running. I have a freetrade account that used to have quite a bit of money in it but after taking out the majority to add to my IB account, I'm left with...

The call for a nice bull run-up on monday was right on target, this up move should continue for the rest of the trading weak and then, yes, we should be in the bear market full force soon

30 and 10 year treasury notes (respectively)

So in QT getting data from IB it would be 'ECBOT:@YMZ3 DEC 03'?

Supporting the idea that it's not the entry that matters but position management and the exit ;) http://www.wealth-lab.com/cgi-bin/WealthLab.DLL/editsystem?id=18907 Tom Basso's Random Entry - Wealth Lab http://www.wealth-lab.com/cgi-bin/WealthLab.DLL/editsystem?id=18919 Dr. Koch's Random...

<a href="www.elliottfractals.com">Elliott Wave Fractals</a> insists that we are already in the bear market, there will be a run-up monday (and maybe a little more the rest of next week) and then down from there. <img src="http://www.elliottfractals.com/you_are_here.jpg"> <a...

I'm sorry, yes you are correct, I had a brain fart and for some reason thought you were referring to an expanding triangle

It hasn't started forming a wedge yet because it has still formed higher highs and lower lows, I highly doubt there will be much of a chance for the indices to form wedges

I also run a so far profitable strategy that takes 1 point profits and 3 point losses, it win about 80% of the time. There is nothing wrong with a system like this but you must be very careful with your observations on the actual performance of the system, be weary if when it goes live it begins...

Yes, that's true, simply due to the fact that so many people are looking for it, the right shoulder rarely gets a chance to form. One interesting approach that I've seen used successfully in finding double tops/bottoms/h&s in price action that makes them look almost perfect even though they look...

<a href=http://mathworld.wolfram.com/CorrelationCoefficient.html>Calculating Correlation Coefficient</a> <a href=http://www.mega.nu:8080/ampp/rummel/uc.htm>A more advanced approach</a> This one has some interesting stuff that could be applied to trend analysis

Here's how I see it... we have been seeing lows that are closer and closer to previous lows and highs that are closer and closer to previous highs (momentum is dropping off, pushes up are weakening and corrections are strengthening, shown by the MACD divergence), notice how this 'correction'...