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Gordon, Thanks! Hopefully we all hit on something that makes us all the more profitable. Ok, here is what I've got for tomorrow. My program scans, reacts and can place a trade all within around 1 millisecond. I'm having it log out too files. One file is a snapshot of the current market...

NUTS, Here is a graph from September 5, 2002. Granted, not all days trend this nicely, but the reason I am trying to understand how to seperate trend movement from "extreme price divergences" is to reduce the number of wash trades. If you simply go long when the MA shifts up and go...

Sorry! Any other breakout Wizards on this board?? aphie

Very interesting. I am going to collect 5 samples per second of market price for the ES tomorrow. The file might be large, but I'll divide it into areas. Could you take that data and place it into a ... well ... nevermind, I see the formula that is being used -- so I could do that myself...

Silk, Don't mind Daniel_M. He gets like that when his medication wears off. aphie

Breakout, We have very different trading philosophies. I am a big fan of moving averages, candlesticks and the actual tape (price movement). I'm not saying that a breakout system isn't good (Didn't Larry Williams mainly trade a breakout system to 100x his 10k investment?) -- but from...

Be cool -- easy to say, maybe hard to execute. I may just follow my system by making a trade, putting in an OCO order and just walking away from the computer. (That will be the day my broker goes down, too -- lol) Anyhow, don't give up -- I had a three day losing period on the...

As the electronic age progresses and all our former nintendo pilots enter the markets, we will see a new era in market dynamics. Long gone will be the days when people merely bought a stock, held it for 20 years and then sold it at a profit or, in the case of current times, at a loss...

We all know that limit orders are used to grab a price that comes to our level -- but this means that the market has to move in a direction away from where we want it to go once our limit gets accepted. Well, how about trailing open orders that follow the market and then get automatically...

I am assuming that since your name is Breakout that you prefer breakout strategies? The only problem I see with this strategy is, like the website says, you aren't going to get anything out of the market when it isn't trending nicely. aphie

First got here: Excited After first week: Curious After second week: Intrigued After countless posts saying PT is different than real trading: Concerned Reviewing these Journals: Alarmed When I make my first real trade: Scared sh%^less??? aphie

Gordon, I don't think you'll ever find a way to capture extremes. You may come up with a probability distribution system that only captures trades that are a high divergence from the mean, but capturing the very extreme would be tough. However, if you took my system and averaged down...

A system can be complex in its theory so long that it is simple in its execution. It might be really complicated for me to build a time-machine, but really simple to trade off those efforts. aphie

swtrader, If we see another terrorist action on the scale of last September 11'th, that bond manager just might see his prediction come true about the DOW. aphie

Gordon, Yes, I would have already been short, and that spike may have come close to taking my stop out -- I cannot average up or down when I begin trading one contract, but if I make it to trading two contracts, I will average up or down BUT STILL KEEP A STOP. I basically just trade off...

Gordon Gekko, Extremes are a funny thing. A percentage that a price strays from a mean may be a good start, but here's the problem as I see it: As we all know, the ES movements can be very tame and slow and, at other times, extremely slippary and quick. Now, taking a percentage...

wdbaker, Please send me a picture of this in action. Thanks. aphie

Alright, here is another picture. This sort of carries along with the philosophy behind Bollinger Bands. As you can see, the middle T3 MA is a fair approximation of where most price data accumulates, and the outer bands show where price-data reverts strongly away from the moving average...

Traden4Alpha, Great post! Here is what I have found so far. First, take a look at this picture that apparently shows how JMA is superior to other MA's in this regard (although I am still waiting for an e-mail back from them!) As you can see, the JMA adapts much faster to an opening...

Deep, What are you mainly using now to trade off of? You sound like you've been through all of this before. aphie