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You will frequently run into cases where you scale into the trade, only to get stopped out. Not all trades with a positive MFE work out. If you trust your setup, just fire. Let position sizing take care of the rest. RT

If my memory is right, because you have so many overlapping bars where there is a gap between the close and open of adjacent bars, it looks like you are using heikin-ashi.... RT

Interesting... What kind of charts are you using? Tick charts? RT

I still use these channels to this day for high probability setups. I have never been able to use price, volume, and channels to 100% remove all uncertainty about the trajectory of future price. I personally believe that that is impossible. Harvest what you can from the ideas of channels...

Man I have not seen such a dead day in a while. Got spoiled by the action so far in '08.... RT

I'm pretty sure there is no way out of this one. The key word that MSM refuses to use when discussing the "credit crisis" is SOLVENCY. We are in the throws of a phenomenal solvency crisis, hence the lack of liquidity. Not the other way around. RT

Condition1 = (H = Highest(H, X)); Condition2 = (C < C[1]); If (Condition1 and Condition2) = True Then Buy ("Buy Order") This Bar on Close; Hope this helps. RT

The fact that those properties linger on the market is a testimony to the spread between the bid and the ask. A seller can list at whatever the seller wants. It will sell if that chosen price is less than or equal to the true market price. MLS listings DO NOT REPRESENT price discovery. RT

Just as important as where price is going is also how fast it gets there. You might have noticed that the tick rate in the indexes was rather slow today, meaning money velocity was low. Those are good times to stay out or reduce your position size. RT

This is the first I've heard of across the board wage inflation.... RT

There's an element of truth to what you're saying, but consider the magnitude of the most recent boom compared to booms prior. Just glancing at the Case-shiller index (not to mention the indexes for more local california markets), this booms was ORDERS of magnitude larger than previous. Case...

Jayford, Without loose underwriting standards (and all the creative financing that consequences from these standards), res. RE is anchored to wages. Global wage arbitrage suggests that wages will not increase, denominated in dollars, despite rising commodity prices (also when denominated in...

There's no doubt that SD res. RE will stabilize at some point. But I find any claim that we will reach or surpass the previous bubble highs to be questionable at best. The loose underwriting standards won't come back (at least not in our lifetime), which is a fundamental prerequisite to reach...

My bad, missed that. Wouldn't hurt to text in that it came from piggington. RT

I never understood why some people consider PB to be a likeable area. It's just run-down and fairly dirty compared to the newer developments in SD. One thing going for it is that it doesn't get as hot there during the summer because it's at the beach. In general, anything near Balboa Ave...

You might want to give piggington credit where credit is due. RT

Mira Mesa a nice area? NOT. The only semi-decent houses are sitting off of Sorrento Valley Blvd., but even those are not that great... RT

there's a nice explanation here: http://globaleconomicanalysis.blogspot.com/ RT

Nonsense. 40 ticks is $200 per contract. If trading ONE contract, he could have taken already 8 losing trades in a row without a single winning trade to get to the point he is at now. RT