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How about just some simple, no nonsense trend lines as a means of obtaining the “direction”? Kermit

Yes, I agree. Try to come into the market day without any bias, either up, down or sideways. Rather, let the market decide. Kermit

Hi Awash, Yes, I am beginning to notice that you are starting to do adds after your initial position was still showing a loss. Now, this may be your new strategy, but still, I’d be very cautious with doing that. My rationale is that if you entered an initial position and the market...

I like it. Definitely fast. It’s quite flexible in terms of customization. I just put up a Status window and a DOM screen along with some function key settings and I am set to go. Kermit

Daytraderpete: You may know, i.e. are certain that your system and method works but are you really comfortable in carrying out and applying it to an environment (i.e. the market) that is inherently uncertain? What percentage of the signals do you actually end up taking or do you go though...

Thumbs up! Kermit

Thank you for showing, AMT4SWA, that was impressive indeed. Kermit

It might be his way of scaling in. So far, it looks like he's holding his own. I am not sure about his moving the stop away though. But it’ll be interesting to see. Kermit

Hmmm, might I suggest that you paste a strip of paper with the words Continue to adhere to the game plan of following my system with the utmost discipline and always wait for confirmation. Also avoid being hesitant and execute trades with a clear head (these are your own words from 9/24/03) on...

Keep up the good work Awash! :) Kermit

Listedguru: You might consider addressing this in phases if you’re a trend follower: Phase I. Set a price target and decide that you won’t take profits unless the target has hit. You’ve presumably set your stop loss – so you’ve taken care of the potential loss part of the trade...

That may be true to an extent, but I’ve found it tends to promote “seasonal bias” that can be a hindrance to trading well. Out-of-ordinary events (and its resolution) have a propensity to drive price to trend better like unrest in the Ivory Coast on Cocoa, or Hoof & Mouth outbreak on Hog...

ShoeshineBoy: I mentioned OJ because it has been trickling steadily downward for the last 9 months after peaking about a year ago (which by the way was part of a multi-year downtrend). Kermit

ShoeshineBoy: 1. Live Cattle & Feeder Cattle (currently up: Daily) 2. Orange Juice (currently down: Daily) Of course as you know, like any traded instrument, it’s going to have periods when it’s trending and when it won’t. Likewise for volatility. You can look here...

Nicely put. Look forward to following your journal. Kermit

Hi Awash, Are you suggesting that you have a time-based stop in addition to your 2 pt stop that you alluded to in your system? In either case, is it a hard stop placed as a working order or is it a mental stop? Also, if you see a divergence still in force even after you were stopped out...

Tradersaavy: No doubt the profitable method does not change if you tack on extra contracts. I think that how one executes the method can change, however subtly, that plays a role in the outcome when size is increased, especially if dramatically. Whereas a person normally trading just 1...

Stumbled across this page once on hand signals. Never been on the floor myself but just watched from the visitor’s gallery a few times at the NYMEX. I was transfixed. http://www.cme.com/edu/getstr/handsgnl648.html http://www.pbs.org/itvs/openoutcry/trading.html...

Dadarar: I am reminded of an analogy from Douglas’ book “Trading In The Zone” where he compares a width of a bridge you walk on to the number of contracts you trade. The fewer the number of contracts, the wider the bridge and “allowing you great deal of tolerance for error” and...

Marketsurfer, When you say the “need to anticipate”, aren’t you referring to the notion of thinking “what if” the market does this or “what if” the market does that from this point forward and be prepared to react accordingly; basically anticipating the what-if scenarios and...