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But, any joe blow system can show 2 days in a row of profits with some trendy days.

Just wondering how many winning days, weeks or months worth that you guys would use as a benchmark before declaring your system consistently profitable. Thanks.

Use a longer term chart.. I get about 9-12 trades on average off a 3 minute chart. If you're trading off something like a 55 tick chart .. then you may truly get 100 valid signals.

Average yearly income in Afghanistan is about $220 USD.

Yeah, my system only produced 3.75 ES points today .. which is the lowest it's ever done. Just no followthrough on anything.

They provide the market with a steady source of losses.

Ameritrade/Datek is the AOL of Brokers. You pay a lot more for a pretty interface and below average fill speed. The only viable thing would be if you always traded several thousand shares at a time, which would be cheaper than a per/share brokerage. However, there are at least a dozen...

People actually call it the Qubes or did you make that up ?

You're probably right. Last month I had put in a stop limit buy order on IB to short a breakdown 2 ticks under the low of the day around 10 AM on the ES. Instead it broke out to the upside for about 14 to 18 points. I figured I missed the trade and went away from the computer for half the...

Scalping - 1 and 3 min System trading - 3 min

Might be a one print glitch. Stockcharts shows about 11.30 at 12:30

The best confirmation of a breakout would be volume, and the candle pattern it took to breakout from (and those following). As for indicators, a momentum based one like CCI, RSI would be good at giving forward warning of a momentum shift with divergences. I also use a fast/slow overlayed...

Wow, I could not imagine what that kind of stress would be like .. and in the toughest psychological game of all - trading .. where any flaws in your self esteem will doom you before you start. You need to clear your conscious first, perhaps by coming out and telling your friend straight...

Perhaps.. actually, I see a divergence on the RSI and ROC on the BBA daily charts - and given the current broad market weakness after breaking through important uptrend lines, the path of least resistance is a retest of Nov support. Granted, anything can happen and the key is to react...

the 12/4 to 12/6 uptrend line was broken this morning , with the last dip being about $4.60. With conventional last dip stops , you would have moved your stops from the $4.45 swing low to about $4.58 . If that 12/6 end of day tail actually knocked you out.. then, so be it. You can't...

Sounds like a well thought system, DB. Any reason you only trade it with the NQ and not the ES? What would you suggest for stop and entry numbers for the ES to replace the +2 pt stop and entry , and 5 pt initial stop on NQ?

I like this explanation.

Actually, you can trade e-minis with just $2k. Granted, if you fall below it .. they'll restrict you.

I used to use Memturbo .. it seems to be quite a resource hog on its own, but it does help you from memory crashes if you are very low on resources (< 60% on system properties) if you keep flushing it. I've noticed if I flush my memory regularly , I would have to reboot once every 2 or 3...

Sierra is meant to be a low cost alternative .. $40 for 6 months for the software, $55 a month for Mytrack if you want historical data or free with IB. where as, something like Ensign is $40 a month plus $110 a month for Esignal