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i frequent the 34ema diner, over on SPY street. I like to buy the bacon just as it backs up into the 34ema. i watch lvl2 to see the 34ema hold as support/resistence for my entry.

i use a 34ema in multiple time frames (1,5,15,30 min)

jack, are you talking having a conversation with yourself? lol!!! :confused:

this is a joke....i'm a senior java guy and i can tell you that between c++ and java you can design any app to be great. its the programmer, not the language. lol!!

nice call.

don't take this the wrong way, but you aren't making logical sense. more trades don't equal less risk/reward. it is more risk, but more reward. of course its more work, putting on more trades will always be more work, and with that comes either, as you so graciously put it, more gains or more...

http://www.seykota.com/tribe/risk/index.htm

"other factors" include everything that might not make the risk/reward non-optimal. this strategy is BASED on risk management, not any uber-indicator or secret entry/exit technique. it is a great strategy to teach you how much $$$ you can make simply by practicing good risk management and a...

the flaw in this reasoning lies in the risk staying constant. it doesn't. in a shorter time frame, your risk is smaller... i.e., a more precise example would be: you might run a $100 stop 3 times a day to earn a thousand, but you'd run a $300 stop hold the trade for three weeks and make 2...

fishsauce you are correct, trends occur ~15% of the time, so if you are using this strategy, you must have alot of confidence and cannot be suffering from any emotional problems, b/c you will get alot of stops. one of the dangers is that if you aren't disciplined, you will not play the strategy...

you're using the wrong indicator(s) for the given strategy.

1. the 34ema was recommended by a mentor who has been using it to provide a living for his family for 6 years now. 2. sure, just pull up any chart on any market that moves. notice how if the price is just above the 34ema on the 1-min, but just below the 34ema on the 5-min. it tends to...

1,2,5 min charts using 34ema on all charts. doesn't matter what trading vehicle you use. always stay on the same side of the 5-min, and only deviate this rule on the 1 or 2-min if there's space in between their 34ema and the 5-min 34ema. entries are very tight in that they are placed right at...

fwiw....i actually believe that MA's in shorter time frames behave much better than those in longer term time frames. I trade intraday with the 34ema and it works beautifully with little false signals, if you take into account the time of day and other factors.

did you see his radial momentum site? that rocks too..... one thing i disagree with (out of all the things i DO agree with) is his view on short term trading. he says that while transaction costs stay the same, the profit is smaller with shorter trends. he then concludes that it is more...

this is also another feeling that new traders get....i did. the feelings of 'getting in the game' before the market has no more money to give. it gets worse -- when you see other traders making money on days that you lost alot, or broke even, you will be frustrated. i can remember not long...

going to a prop firm will not prevent you from wiping out extremely fast. i don't know you, but i can tell you that you're gonna have to slow down. the anxiousness is not uncommon, we all had it when we decided to become a trader. what you MUST realize is that you will need to learn how to...

i like to enter where price doesn't have to move much to know that i'm wrong. i use the 34ema in multiple (1,2,5 min charts) time frames for setups. therefore, if i'm going long, i enter just above the 34ema....this gives me greater reward/risk. i have found out that the way to make money is...

http://www.elitetrader.com/vb/showthread.php?s=&threadid=17676&perpage=6&pagenumber=1

yeah, i noticed the b/a thing, its one of the things that i am worried about since i'm papertrading right now. the other thing is trading blind on ISLD. Any ideas about this lately? ARCA is another choice, obviously. the SPY seems to 'obey' my strategy slightly, but I can't really tell...