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I am not so sure the fundamentals for SIRI are as rosy as you guys make them out to be. I have been a subscriber and have followed the stock since last April. They need 2 million subscribers to reach break even and right now Q4 estimates are 250k, down from 330k they had estimated mid-year. The...

I suppose I shouldnt argue because you seem to be doing well picking your stocks. But, I do think you are playing with fire a bit when trying to buy stocks that look pretty weak. Your fill on CYTR was .01 off the high of the day.. thats cutting it a bit close! Id think it would be easier to pull...

What made you pick CYTR? It looks like it just got done breaking down from a descending triangle. This looks like a much better short candidate to me. I would go with INAP tomorrow using your strategy, INAP seems to be in a rally and has retraced... its close today was right at 2 separate Fib...

That really is a nasty looking top a few years ago. That chart looks like the trend is down and this move is just a retracement.. kinda looks like a flag pattern.

I am probably being extremely naive and totally missing the joke... but isnt that the Dow over the last 6 or 7 years? edit: probably closer to 10 years :)

If they did want to intervene and move the markets higher, wouldnt it make more sense to do this by buying S&P futures? I am still a new trader, and am trying my best to understand the complicated market dynamic, but I have always thought that if you to intervene one way or the other, you did...

So, does the company going public actually get less than their new market cap? So the underwriters for a hot IPO like google could only offer 1/10 of the shares up for sale and drive up price because of low supply before selling off some more? This sounds like a great deal all around for...

Hey, I have some general IPO questions that hopefully someone can answer for me. Lets assume that there is a 10 million share IPO at $20 / share. -If I place a market on open order the day of the IPO, do I get a fill at $20? -Who am I buying the initial shares from? the underwriters...

It wouldnt be. I was thinking that this system could be adapted into a system that does well in range days. The other criteria would have to change to make a reversal more likely. My thinking was that the current system is effective at picking out a few points per day on 1 or 2 trades in a...

How about using this sort of setup for reversals in addition to continuation? It might be worth looking into, especially in these range bound days. Something like.. if there is a pivot low then put in a buy stop-limit 1 tick over the high as an entry.

Wow that strategy from Band Traders sure is hard to understand. Although, I guess they just sell when price hits a top Bollinger Band and buy when it hits a bottom band... with a simple exit strategy. I wonder if using something like Keltner Bands, or moving average bands instead of Bollinger...

Eric, your settings work very well on the daily charts. I think I had 5 of 7 profitable trades using your settings. However, it is not working quite as well on intra-day data. I am unable to be decently profitable with any different settings or profit/stop levels. What are your ideas for the...

Well, I decided to take what I had and run it on intra-day data. These signals actually pop up about once a day on 5 minute charts. Using a profit target of 20% ATR and a stop loss of 15% ATR, I had 99 trades over the past 80 trading days with 53% being profitable. Using different profit targets...

Hey Shorty, I actually ran a backtest on this system inside eSignal on the daily $SPX. I'm not sure what values you use for the RSI length, Bollinger Band length, and how many std devs to use for the Bollinger Bands. So, I ended up using some pretty standard values of 8 for RSI length, 20 for...

Thanks for the replies all. Since my aspirations are to someday do trading on a professional level, would you guys recommend attempting to start at a professional level in a more professional enviornment? Or attempt to trade my own accounts in my freetime as more of a hobby? Thanks again...

Hi all, I am an engineer who is looking to get into trading. There seems to be a lot of helpful people on here, so hopefully someone will have some good ideas for me. I am interested in the personal freedom that trading can give you, but understand that it takes months or years of hard work...