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Actually, it's a Gann Square, but Fibs would give you the same signal. I was assuming that SocalTrader meant (pivots) in the sense of "intraday turning points", although the starter of the thread, meant pivots, as in traditional floor numbers. So, I'm measuring my retracements from...

Here's another nice one I got just a few minutes ago.

I guess it depends on your style. I find the 50% to be better. Here's an example of from todays ES.

I thought the 50% retracement was the most popular with analysts? :confused:

Here's a book I've always liked. It's more of a "cliffnotes" book on technical analysis. You get a brief summary on just about every technical analysis idea you've heard of. Then, if you find something that interest you, you can look for more indepth sources. Trading Systems and...

Sorry, I must have read the wrong add. Hell, no wonder they stopped it. You can't even buy a 2.4 ghz cpu for $139!...wish I had read the right link and got in on it!...:cool:

It looks like all you're going to get is a motherboard, case and cpu. Technically, I guess it's a Dell Dimension 4600 Desktop P4 2.4GHz...hehe

www.pricegrabber.com

My students are my teachers...(old jewish saying, I think) :D

Someones uploading your entire hard drive. And when you move your mouse, they see it and stop until you go back to sleep! :eek: (lol...sorry, couldn't resist)

Here's something you can start out with. It's pretty easy to learn and works on any time frame. Conv/Div Also, here's a good site to learn daytrading. Here's the thread the chart came from. Good Luck!

Okay, thanks for the votes guys. Looks like about 65% of you would risk 6 ticks or less, with a heavier concentration in the 3 to 4 tick area. I'd been risking about 4 on average, so looks like I'm okay, Thanks again!

You might get some help here. Green Company I haven't used it, but they have Software

Yeah, I've been trading 5 lots, but I've been going all in, and all out. Maybe, selling a couple after 4 ticks will help. Thanks

I'm in the Trader Vic camp. His books are a must read IMHO. His books are Trader Vic-Methods of a Wall Street Master and Trader Vic II-Principles of Professional Speculation You'll learn about: 1-2-3 change of trend method Trader Vic 2B pattern (my favorite) 4-day rule And...

This is also a good site for system builders to learn. Hope this helps... System Traders Club

Here is a link to some interviews by professional system builders. Those questions are probably addressed. This along with feed back from the guys here should help. Good Luck! System Builder Interviews

Thanks T-Rex...here's one I like. "Look for good odds. Price levels---historically low levels, just above price supports, etc.---sometimes indicate low-risk trades. Look for them." Quote from..."How the Young Millionaires Trade Commodities"... Futures Magazine_(Special Issue...

Okay, and if the trade does go your way,( drops quickly) you don't lower your stop to BE until you have about 8 ticks profit? That's something I've been struggling with. Lately, if I'm showing 4 ticks I'm lowering to BE, and of course I'm getting a lot of scratches. Somtimes I regret it...

Thanks...looks like a good sound plan...