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In my experience, if the price is headed up, the "chance" is that it will continue on in that direction in the future. But let's make a distinction here...the direction that the market is headed may not have a thing to do with "technical indicators". "Technical indicators" are derived from...

When you use the term "work" as applied to technical analysis, I think you begin with the wrong premise. We all look at prices. Those prices give you information. That information may lead you to draw a conclusion about the future. If you act on that conclusion, and act incorrectly, then...

Click on "configure", then "hotkeys", then select the action that you want, then click on "create shortcut". Then click on the "customize" tab. You will see a number of options. Under "order type" you will see "default". If you click on "default" it will pull a menu down where you can select...

Hello my friend. In 35 years or so of trading I've never done a "draw down analysis". Seems a little mis-focused, if you will, to do a statistical analysis of how badly you're losing your ass, when you could just as easily concentrate on WHY you're losing your ass. Reminds me a little of...

Reminds me of the technique that sold when VIX was a certain amount under the 200 day average. That failed in this rally. Stop and think about something: do you really think it's all that important whether the VIX got .08 lower???? I doubt that this technique will stand the test of...

Amazing isn't it? The only problem I see here is that the SOX is strong...so it's always possible that they could start buying this one in sympathy with some of the stronger issues. Another way to trade this would be to short MU, buy one of the stronger ones...let's say INTC. OldTrader

There may well be a seasonal tendency for VIX to rise/fall at certain times of the year. Kind of like there is a seasonal tendency for August to be a weak month....etc etc. I find it interesting though to contemplate the last time we made a big move down in VIX. That was following the last...

The VIX is not at a historic low. The VIX has been under 10 in 1992 if I recollect. Go to the CBOE website....they have all the past data on VIX. OldTrader

OK, gotcha. You're not claiming the intermediate trend is down....you're thinking we may top, and therefore you're 'picking a top'. I would only point out that this is the same strategy that cost you half your money since March, according to you. Finally, I would say that 'trading with...

Just wondering how you determined the 'intermediate trend' was down, when the Dow Industrials are within a few points of closing at a new high? Admittedly the SPX is about 25 points under the highs, but this hardly makes an intermediate downtrend. OldTrader

I can't speak to what the level of funding might be in accounts here. One thing though, if the level of funding is too low, then the odds of failure increase fairly sharply because the leverage is too high. I generally would be in the camp that would counsel people to trade smaller. I'd...

To clarify, I don't use the daily chart per se for intraday trading. In fact, I have no chart on my monitor. I analyze the chart to determine 'points' that may be of interest IF the market happens to trade to that particular level. Some of those points might be things like: 1. Yesterdays...

Moves out of whack with the news are more important. OldTrader

My method cannot be traded by looking at an intraday chart. Evidently you have not read my explanations of what my method stems from. So there's no further confusion, YOUR method works by using intraday charts. HOW YOU use them is still a mystery. My example simply used an intraday chart...

That's more or less correct. I look at the same data as one would with an intraday chart. But not the graphical representation of it. What I look at instead however are things like tick, trin, A/D line, VIX, sectors, and key stocks. Further, I pay attention to market reaction to news. And...

Again, I trade intraday. I just don't use an intraday chart. I am willing to hold a position overnight if in my estimation it will trade in my direction the following day. I make my decisions based on the factors mentioned in prior posts rather than 5 minute charts. By the way, 100% return...

Yes, I do trade the 10 Year Notes and Gold....usually as a position trade. I'm not in either at this time. OldTrader

Actually I began watching intraday charts after I began posting here, and realized how widespread the use seemed to be. I mainly watched from the standpoint of trying to figure out if there was any special benefit, something I could capitalize on. I don't think there is. However, I think...

That's right. OldTrader

US. OldTrader