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BH, I'm not saying that I think making a living off a 10k futures account is impossible. I'm saying it's not likely to find anyone doing it. For the few real traders I've had the chance to talk to, proper capitalization is a big thing they have stressed to me. So I'm assuming anyone who was...

FWIW I remember reading Dr Brett's comments a while back. Apparently he became more pessimistic about retail trader expectations after a private meeting with the CEO of a retail brokerage company several years ago. The guy told him something like 90% of the small traders at his firm blew out...

He was my first ignore too! :p "5% win. They just win!" LOL

I'm a little lost when it comes to strategy design for discretionery trading and wondering if anyone can steer me in the right direction. I can come up with something that will work for a while, then it's profitability will erode until it doesn't work. I don't know if this is due to normal...

Looks pretty straightforward to me. Why would someone have been stopped out? Unless I'm looking at the wrong part of the chart or misinterpreting what you mean. Could you clarify? Not a big deal or anything, but as I perused the charts it came to mind.

Hi Xpurt, I forgot to ask this last weekend... What would the people who went short the FTSE when it broke down from the rising wedge have done when price broke out again last week? Stopped out or reversed to long? chart: http://www.elitetrader.com/vb/attachment.php?s=&postid=3432300...

Can someone give a brief answer to this please? Thanks. Also, I keep hearing that no futures trading firms will hire you (nor will anyone else fund you) if you are an outright directional trader. It's spreads or hft. Quote from another thread: "No one is going to give you money to guess...

Here is another chart, same view, this time from November 2011. Chart on left is wider levels, chart on right is 3.5 levels. At this time and the first half of 2011, I think the standard MF level will be fine. But in August-October the ES daily ranges were twice what they are now and for...

Well, I assume the levels should be based on volatility as that seems the logical thing to do. But since I haven't fully tested it yet I shouldn't have used "must" in that sentence. But as an example of what I'm looking at, the attached chart is from a more volatile time, the week of...

Another breakout... and the market thwarts the bears yet again. Pretty crazy that this has been going on for nearly 3 years. I remember in April 2009 when Cramer was on tv yelling "The bear market is over! It's over!" and everyone online was calling him an idiot. I didn't believe him...

Maverick, that is a thought-provoking post. As far as price levels go it is the exact opposite of most everything I've read from market "guru" sites and educational threads on forums. Hmmmm... food for thought

I saw you posted this the other day. I've been looking into this for the past couple of weeks and I think it is valid. But the caveats are IMO your levels must be adaptable to market volatility and you must also be able to do intermarket analysis or other type of analysis for CONTEXT. Just...

Shopster you've been in rare form the past couple of days. Thanks for the comic relief, LOL.

Nice chart. Failed breakout 1/26 and yesterday. Line comes in today at ~1328 SPX cash, so far another failed breakout. Dow broke out of it's 07 downtrend on 1/20. Tried to break back below but failed (aka successful retest from above) on 1/25, 1/30, and 1/31. I have never been able to...

Here's the other side of the zero hedge, prechter, kondratiev, etc outlook. According to this outlook, the wall of worry could go a lot, lot higher.... :eek: http://stock-chartist.com/2012/01/that-old-1978-82-analog-again/

Thanks for the ACD sheet. And I agree about needing a multiplier for volatility, whichever market you choose. For example the canned 3.5 number for ES has been working well in January, but try it in Aug/Sep 2011 and results will be different. --------- Shopster chart...

If I could, I'd be rich. :)

I don't have a lot of market experience, but I know the rule of thumb is that markets don't put in major highs until the proverbial "everyone" is bullish or major lows until everyone is bearish. The old saying goes there's nothing but good news at the highs, and nothing but bad news at the...

Maybe no pullback for a while, the Dow has broken the downtrend from the 2007 high... So prices might go a lot higher from here. Unless it's a bull trap, in which case they'll go lower. :D

But the Dow has already staged a breakout.