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Aloha, Welcome to ET. I dont think its a good idea to enter trading as a carreer before you are successful at it. I agree with WarEagle. Spending 8-12 hours a day, possibly for years before realizing you have wasted time and money on something you cant find an edge in. In my...

agreed

i dont know much about ewave but my problem with comparing waves in 2 seperate stages of a stock, ie trend and chop, are that the size of the waves are relative. Like if you look at that chop, its possible that the abc already ended and headed for more down, or if you zoom out a little bit...

here is something that I am in right now, hoping to see some potential upside. ndaq daily chart the green line is 68% something that I pay alot of attention to. If after the last circle, it closes above the 68% line, I think that gives it more credibility. also, one big difference...

I dont use software to do the scanning. However, I have seen some interesting things with Neoticker's pattern scan. Also, if you can code, wealthlab has the ability. Funny thing is, I am using wealthlab for charts, and I can code pretty good, but I havent tried to automate the pattern...

thanks dan05, I have seen those before and I beleive that that is the same pattern although it stresses different points. Many of the same charts would be picked up by the wolfe pattern as by my pattern. Perhaps the wolfe pattern even narrows it down further. One thing that confuses me...

difficult to find much free info on RST patterns on the internet, however, i did see one chart and it looked similiar. I will try to find more info on it, and see if that is what I am using. It would be good to see if my research relates to kevin haggerty's as I might gain something.

just so it doesnt look like I am trying to post winners only, take a look at this, i'm glad i didnt get into this, had too many positions. lm daily I filter the pattern in different ways, volume is not currently one of them although I am studying that. More important to me are fib...

more recently S daily, i'm still in this one, made the mistake of buying options too far otm and they are just now starting to trade the spread. Thats what happens when you buy stuff for .05

here is the same pattern in drys daily, hence referred to as the lundy_pattern

here is that pattern in CI daily chart.

I am trading one pattern only and trying to figure out its nuances. I dont beleive there is a holy grail anymore, and I think this shift in philosophy is helping me. So, I dont think this pattern in itself is worth anything, unless you take the time to study it mix it with other indications...

at expiration, my account was at 290.00 I continue to plod on. I bought calls on Monday as I see short term up. I have LEH, CMED, GS, S, and a few others. They are up good and I sold a little on friday. Acct currently at 440.00 I am trading only 1 pattern, and i am figuring out...

I ran into this problem with tradestation a while back, but after I figured in that Ionly wanted to scan stocks that did 1 mil volume per day, had options, etc, then it was easy to work within the 1000 per day thing.

There are 2 types of screeners. 1 scans for daily statistics, like volume, range, up most, down most etc. IB falls here, so do lots of packages tho. Prophetfinance java charts does this. I consider this pretty elementary screening and you couldnt use it for intraday trade setups unless...

Well, I continue to get whacked. My account is at $750 I had a good run on NEOL calls with gains of 150% and DRYS calls with gains of 500% but everything else has been dragging me down. I was long to many puts at the lows and this recent pop in the indexes followed by the market not...

jesse livermore saw like 3 market crashes i think.

brasil is insane, i havent seen anybody this good yet. Brasil vs Japan was unreal.

bullish for what? 1 tick? 1 day? 1 week? 100 points? i'm kinda bearish, so i am wondering what timeframe you are looking at. if it was 1 tick, I was bullish 2. have fun.

I do this.