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    Adding to Losing Position or Averaging Down Cost ?

    It's interesting that should ask this, because I've recently begun researching this question, looking at it in the context of a particular system I've been devising. Until I expand the research to other instruments and deeper historically, I'm not entirely confident that what I've seen so far...
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    Trader In Need Of Mentor

    Actually, I know a very able intraday trader of the E-minis whose personal life philosophy appears to include a desire to help others learn and grow, and currently that means martial artists and traders. He doesn't trade large, but he does trade steadily and well, and by patiently waiting for...
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    Fading techniques

    That's about right. See the morning move on ES/SPY on 2/26/03. It pushed up right to the high the day before, then reversed, and moved down the rest of the day. Then, 2/27, pushes up to the same area again, pushes a little higher on declining volume, then reverses and heads down most of the...
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    Fading techniques

    I'm sure folks use the term "fading" in a variety of ways, but the basic usage is this: wait for price to reach an area of support or resistance and then, with or without confirmation depending on the strategy and the trader, take an opposite position against that move, in the expectation that...
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    What's the BEST time to trade?

    Agreed. While you may not have time for this, tracking the performance of your preferred method by various metrics, including the time of entry, will pay big dividends. Certain trend-dependent strategies, for example, seem to do best (extent of move, probability of a win) if the entries are...
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    System / Setup Design process

    Three cheers for robustness, HarryTrader, yet I agree with the main point Biomech offers here. Let me try and illustrate the contrast between a useless and a useful correlation. Here are two examples of correlations, neither of which is causative, but the second of which I would still...
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    System / Setup Design process

    Again, good points, harrytrader. For the record, though, it may be that my use of the terms "pattern," "trade environments," and the like was confusing. I did not mean the price chart patterns that traders frequently identify, but rather the patterns of correlation between the individual...
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    System / Setup Design process

    Onelot, thanks for pointing out ACrary's post. I love that idea. Thanks much!
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    System / Setup Design process

    harrytrader, Your point about the danger of false inferences from spurious correlations -- including merely random patterns that give the illusion of systematic correlation -- is an excellent one. The danger is real. In fact, in a recent paper I presented, I began on page 1 with just such...
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    System / Setup Design process

    Biomech, No need to apologize for your post. What you said makes sense to me. While I'm not sure how many traders are hard-core anti-indicator types, I like what you've said about indicators providing another lens. For me the essential test of an indicator is its explanatory power over a...
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    System / Setup Design process

    liquidtox, I went looking for this basic topical area tonight, and found your thread title sounded closest to the question/discussion of interest to me. But, boy, do I feel like a minority! It's been over a year since anyone has commented here. Anyhow, if you're still around, while I'm...
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    Trading Gaps and Breakouts (Stocks)

    vladiator and CalTrader, Thanks for your posts. I find it refreshing to see academics applying their analytical tools and learnings to this environment. And, vladiator, I will try and remember to scan the academic journals for your article over the next few months. Regards, NorskTrader
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    Aphexcoil defends himself

    ET's Ignore feature is such a beautiful thing. For those that aren't familiar with it, you can just left click on a poster's name and you will be presented with several options, including an option to add that person to your ignore list. Pretty slick. A couple recent threads here have...
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    Why don't more women trade?

    OK, limitdown. I took your reprimand seriously and just read through all the posts. Boy, do I wish I hadn't wasted my time. My original opinion about the overall quality of commentary here remains unchanged. Aside from vladiator's inclusion of an academic paper abstract, I saw next to nothing...
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    Why don't more women trade?

    The original question of this thread was "Why don't more women trade?" In itself, that's an interesting and perhaps even important question. But with the quality of commentary I've seen at the beginning and end of this thread (too disappointing to inspire any interest in reading the...
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    IB: Trade record-keeping software.

    I used TradePair ver. 0.3 beta from www.ingenit.com. It worked great. The trick for me was following the directions precisely. Once I did, the thing was great. For reference, I also have used TradeLog and really like it, too. But there's a substantial cost difference between the two...
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    Chat Rooms - Trading oriented...

    Has Don Bright posted his findings comparing various vendors' calls? If I recall, this was going to be a month-long test, running through January.
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    IB quotes problems?

    That's good news. Thanks, Def.
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    IB quotes problems?

    This was happening to me again today, too, especially in the last hour or so. I experienced it on open positions in CEFT and CLS. I contacted IB, and they pointed me to the bulletin about Island quotes being delayed. But what isn't clear to me is why delays only in Island quotes would prevent...
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    IB quotes problems?

    Yes, my IB quotes were lagging at times. I noticed it most--and most severely--on INVN as it started dropping just after Bush's press conference began at about 3:00 ET. My quotes--both bid and ask--were at least ten cents behind, and maybe 20 at times, on a $15.50 issue. Worse yet, my stop...
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