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Dottom, Interesting system. I've done this a few times and it's fun. There are many ways to increase the success rate of your system (e.g., confirmation) and a similar number of ways to increase its profitability (e.g., better targets and stop-loss exits.) You may have tried them all...

Vulture, I imagine, they'll show any color, if they're any good :D

I did this type of trading for over a year and still do it occasionally. Usually, when I scalp the ES or the NQ, I trade off the 1 min charts, taking 5-10 trades per market per day. I've been profitable, with an occasional down day, but not a down week yet. To be successful, in addition to...

Deron, If you are swing-trading with Fibonacci as one of your guides, take a look at OmniTrader. Not only does the system make it very easy to plot the Fib levels anywhere, but their new exit management feature (which they call "the eighths tool") is directly based on Fibonacci theory...

Like Ron the Great :) once said: here we go again... What I find incredible is that many of us say that want to learn from each other, but most often when someone says something positive about anything, others attack his honesty, his impartiality, his experience. I went and looked at that...

Yes, I have paid for both courses and learned both systems. 1. Ed's method is more or less classical Fib-based trading, heavy on simple price patterns to enter and mathematical projections to serve as profit targets. Good, traditional stuff, especially when using his indicator (a version of...

How about: From "e-Lite" to "Trader" ??? :)

I don't really know why this is so difficult to grasp and why so many people get lost in ill-defined pseudo-psycho-concepts like investor fear, market panic, total capitulation, etc. If 9/11 didn't accomplish that, what will? WWIII? I think that the market will turn as soon as the average PE...

Lundy, First, I wanted to thank you for challenging us all with your daring prediction. Much better than the average lukewarm, uncertain comment that most people would rather share. Plus, I'm not sure you WERE wrong. Perhaps you were a bit early, but the turn will come, sooner rather than...

Stockrock1, Good quote, as long as you remember that the trend is MY friend :)

Of course I don't know what the market will do over the next few weeks. However, it is my understanding (from the weekly COT reports) that big money has been lining up over the past few weeks with a Naz long outlook. Therefore, my personal expectation is that the index has a high likelihood...

A few times I said that I was a daytrader and that got ugly pretty quick. To this day, I don't understand why - I think it's a great profession, but who can fight the media? I then strated saying that I am a "trader" and that was better - but there were a few people who leaned forward, looked...

Hey Bond Trader, I have an MBA too (not to mention a PhD in Physics) and have also managed to learn how to be a pretty good trader too. It's never too late to recover from formal education and learn something really fun and good :)

Good question and I wish I had a plain, pithy and powerful, Zen-like answer. As I've indicated elsewhere on this board, I started trading full time three and a half years ago, after working for a major company for 18 years. At that point, I read many books, took several seminars and bought a...

Walter, I own three Indigo modules: stocks, futures end-of-day (GalaxyIII) and futures intra-day (Top-Step) and have used them quite a bit. Here's my evaluation: First, the user interface is top-notch, making it easy and inviting to use. Second, the software quality is very good and the...

fzandona, Excellent post. I agree with the spirit of what you are saying, having studied, tested and used several of the best systems available - and built a couple good ones myself. Here's a few points from my experience: A. In case one is a poor loser, like me, there's no need to...

Cartm, I used their system for 4 months in the fall of 2000 into 2001. Although I got to like the UI, I was about flat after this experience, and i had used my own judgment in choosing to exit several losing trades before the system signaled an exit. Time consuming preparation each night...

Allen, Have you considered using yout technical setups on 30 min charts to trade current month QQQ options? These trades can be stopped relatively easily for a 10%-20% loss, but then again, as expiration Friday approaches, if timed properly, they can also deliver 100%-1000% profits, partially...

I bought it in December 2000 and returned it 3 weeks later. Interesting concept and cute user interface, and the people there are really eager to help you learn how to use it, but it definitely needs a much better algorithm to get decent results.

Larry, I think the determinants here are the particular trading system you use, the timeframes you execute in and the capital that you have available to trade with. Let me leave the system out for a moment, because only you know how you trade. Just remember that there are some trading...