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There was a time when I used stochastics but I found that I would lose too much money trading divergences (felt like I was picking tops). If poss, can you elaborate on this comment more. I rely on stochastics heavily in my method. Can you explain where the stochatics failed you. Was it at...

Not a double top, but rather a double bottom, with a strong divergence in the MACD and the Stochastic. Could be a strong move up. Have a look. Weekly bouncing off double bottom also.

I don't have any stats, just an observation. It seems that many mornings on the ES things take off at 9:30, only to flush out the short-sighted and then they reverse and go hard the other way. Anyone notice this or is just me?

You comment was interesting. I have never approached trading based on taking a position whichever way things go. I always make a decision based on very short term and if things don't go the way I thought, I just stay out. Your style makes sense.

Joe, Do you look for this daily breakout as a trading method each day? Or only when a pattern emerges from the mid-day consolidation?

Thanks to you both.

I am starting to worry about you my son.:p

Anybody read this book by John Allen Paulos? My wife gave me an ad from The New Yorker and I can't tell if it is just a comedy or has any value.

Are there any TS users here who can help me write a simple program to indicate when a Double Top or Double Bottom Occurs? Tried the TradeStationWorld forum with no luck.

Yeah, I know. Just ribbing you a little. I am a computer nut too. Everytime, I have looked into doing this, it was just as economical as buying one already pre-fabbed. Always wanted to build that SUPER COMPUTER. I just bought a real high power Dell. I use it mostly just for trading. I also...

Michael, Spend you time building your trading skills, not building computers. VT:)

Whew!

Thanks Whamo

Want to trade successfully? Just choose the good positions and avoid the bad ones. Poor trade selection takes a heavy toll as it bleeds your confidence and wallet. You face many crossroads during each market day. Without a system of discipline for your decision-making, impulse and emotion will...

NK, I was really just wondering what the heck you get in the free trial. Do you get his S&R calculations? Does he tell you when to enter and when to exit? Aside from making my own judgement, what the heck do you get for giving him your credit card number?:confused:

So what is it that you get with the free trial?

Does he have a real free trial or do you just get a guarnatee if you pay up front?

Why doesn't someone, NK, sign up for his trial and post it here at ET so we can evaluate it. What the strategy for entry. Does he tell you "how" to get in based on his analysis.

Many people will downplay the noise in the 1M chart. I have come to the conclusion that, properly filtered, the 1M chart is the lauching pad for many nice moves in the ES. If you trade the signals with the trend....especially reliable. On Friday, it happened. There was a modest pullback and...

Wanted to point out a trade using 1M divergence that I find highly reliable. Many times this set up indicates a reversal in direction, manage it properly and you can trade this with confidence. The opposite signal for a long entry is also the same concept. The key is three successive...