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Gordon - Stop thinking. :) - I mean that with all due respect. At some point it may be worth considering what to do at that point - but, IMO, for now at least - we aren't far enough into this yet to even think about that. Why? Because we are not even saying we are sure of the things that...

No, I just enter a limit order at the bars opening price - looking at a one minute chart. PATS JTrader makes this sort of entry quick and easy using DOME - all I do is click right next to the opening price of the bar. TWS makes it a little more difficult, but not impossible if you have dummy...

Very nice!

Well, I think there are a lot of things going on here - both mentally advantageous and logistically advantageous. On the logistical side - one of the things is the breaking of the "cut your losses short and let your profits run" rule. Honestly, I've never understood how anyone could...

Thanks. I appreciate it.

Well, to continue to reverse for the same reason you originally reversed, that being to B/E, your then have to go for 2.50 on the second reversal, and 3.75 on the third - and so on. So, I think that it expceting a bit too much. My thoughts at this time are only one reversal - either it...

Hmmm. Or a "synthetic reversal" system - i.e. If current price = a previous open (one or more minutes ago) +1.25 and that same open price never hit a -1 (for a short winner), then go long with a +1.25 target. The opposite to go short. Hmmm. (edited to say: I realize that didn't make a...

Very nice. I am also thinking about this - when/if I have some sense of confidence that the reversal trades will almost always result in a B/E trade (instead of 2 losses) - I'd consider just doubling the size on the reversal so that the trade would cause a B/E for the loser and and...

I think it would still be profitable as you say - many times picking either direction would have been profitable - i.e. there is a 1 point swing in both directions before a 1.25 point swing in either direction. I'm not spending too much time trying to figure out which direction to go. I was...

Chop chop. Interesting – This mornings times were right on a reversal of some sort – be it small or large. Thus my direction decisions were often incorrect. Some of my signals were not clear at all, and a couple were a toss up and I just picked a direction. For the 10:59 trades, my...

On another thread you said this system used TICKI. Which one is it?

There is a little man that sits behind a wall at the CME - he decides. I don't think too many people have seen him before - think "Wizard of Oz".

Thanks - I hope I can keep it up too....:D

Ditto Mr. Sub. IMO, going home a winner each day is worth more at this point than going home a bigger winner every once in a while. It's a lot easier to build up confidence doing it that way.

TWS (IB) and PATS JTrader.

Seems that NQ has been trading a lot "smoother" than ES over the past couple of months - and this method seems to work better overall on NQ. I traded NQ a few times in the past, but always gave it up because I thought it was way too jumpy. Now is seems the opposite - that ES is too jumpy...

Going to take off early today. Nothing unusual today. For 9/17/2002: ESZ2: 8 Total Trades 7 Winners 1 Loser Avg. Winner +1.06 / Avg. Loser -1.25 Gross 6.00 points - $300.00/contract Commission $38.40 Net $261.60/contract Total Time in trades: 13min 00sec NQZ2: 8 Total...

Well, that didn't take long. 30 minutes in and we are back to flat on the ES. :D

You are wrong. One is selling covered calls. The other is selling puts. Two totally different things.

-3.20 314.00 x 314.50 low 313.40 ( www.kitco.com)