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To see if current volitility is high compare the current ATM volitility with one ATM several months out. You need pretty current volitility figures for this and it is only rough. If volitility is high try a spread to help offset it. deltaneutral.com has a tool that helps with this that had a...

Tech Analysis, about your leading dog statement. I have several friends who did and do run dog teams and they say that on a steady diet of raw fish being the lead dog is critically important if you know what I mean. Not too good for the sled man either.

Consistent profitability in trading isn't the most important thing in life but it rates pretty high in trading. If you are not profitable in trading long enough you are going to either have to figure out a way to subsidize your trading or quit. I have only traded stocks for about 6 years but I...

There are several of us having the same troubles with Hquote. On another discussion board it was stated that where they had been getting their data had evidently garbled the data so Hquote couldn't use it. I believe it was Quote dot com. Hquote may be able to find another source or get around...

I agree with both of you. My work says if we hold above 8180, if there is a small correction,then the odds for going higher are very great. Surely we should break 9180 with a probable top of 9450. The odds are above 50/50 right now and growing but not up to the 75/25 level yet. Check the bid...

There is a new piece of software just out, actually in beta, that searches option chains and stock lists for candidates for all sorts of strategies and combinations. I have used it for a short while and like it very much. The reason I am mentioning it is that there is a free weekend trial just...

I agree with most of the posts about using some taste with the profanity issue but another thing is concerning me. I agree heartily with Eldredge that nearly all of the posts that contain a lot of profanity are otherwise void of any value. Which leads me to my deeper concern which is why so many...

Shouldn't get back in here but can't ignore a good honest question. At those six points on the wave with confirming indicators it is saying that the wave count and prediction will be right 75% of the time and that there will be a significant move in the predicted direction. The rest of the time...

Thanks for straightening me out. That is one of the reasons I was reluctant to post and you settled it in my mind never again. I'll now drop what has been working in the commodities for me for 20 years and switch to whatever you recommend.

Exactly. What I am trying to say that at this point the EW is very ambiguous and isn't indicationg any trading trend. So it is somewhat useless at this point other than to say don't trend trade which to me has some value. However when the A wave in in and the B holds at 7750 and we start back up...

Using the DOW wave 5 of the current 5 waves down is probably in. The ending FIB time extension is to be in by 10/22. The low predicted was DOW 6900-7100 and intraday it came very close. We are now in an A wave off that bottom, this should top sometime soon and then retrace to about 7750. If...

The nice thing about options is exactly that you have more options. If a trade goes against you quickly and you don't have a stop you can turn it into a Calender credit spread or purchase a put on it. If you want to supercharge your repair strategy then do both. The caveat here is that you use...

I know this is suicide to get in here with so many opinionated experts. However I do not trade at all without checking the EW. I also do not daytrade or very short term unless the move is massive or immediate. There are only about eight times on the waves up and down when the odds of being...

There are a ton of traders making a living at trading out there. Not all of it is in stocks. There are commodities (actual or physical), real estate and even dogs. But the ones that stay in it over the long haul have one thing in common they are concentrated on money management. That means...

I ALWAYS open the long side first. I even have my brokerage account set to reject naked orders. When making a lot of trades I don't want to forget or screw up and leave something naked. The number 1 through number 100 rule in trading is always money management. :)

Look at Drudgereport link to story on German bank possible failure. Don't want to over-psyche to the downside though. Don't want to have the right ladder but the wrong wall.

I have used Get for some time now and would be lost without it. You have to take the time to learn it and use all of the tools besides the waves and then it is very good. I track the indices and use the tools on them constantly and then trade them or their components with the flow. If you wait...