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...Hi. Do you have any interesting insights to share about the markets or trading based on your professional background? I ask because I view mechanical trading as a highly therapeutic activity where the doctor pays the client. Best regards. - Mike

...this surefire method for NQ probably doesn't work on anything else: look at the volume the first minute of the open.

...thanks for the clarification. Are you planning to trade it? OT, re your handle, I think the word elemosynary every time I see it. Was meinte das auf englisch?

...thanks for the correction. However, I am still missing the chain of causality. If collectively the crowd is irrational, and the crowd drives the market, how can ANY mathematics be applied? Simply put, the result in the markey of the madness of the crowd is still madness. BTW, what time zone...

...you definitely need a Boswell for your Johnson. Permit me to translate and to gloss, and see if it still represents your argument: "All traders believe, quite rightly, that market participants are irrational. In their mental world, market participants are able to change their collective...

...thanks. It's like not having been sick for a year, then having to stay home for a week, and being completely lost as to what's going on in the soaps! Something wonderful happens when you make a little money trading. All of a sudden the intense self-inflicted pressure to succeed is off, and...

...without getting proprietary, is that an intraday or multiday system, and what was the time span of the backtest? Thanks. - Mike

...you obviously ain't got a date on Friday night either. In brief, what's the story on Jack/Bubba/Grob? I don't have all the history and frankly don't want to spend the time to go get it. Is there nothing of value there in your opinion? Grob is by far not my least favorite poster here (which...

...thanks for your reply. I'm not trying to be argumentative, just interested in your opinion, since it so clashes with my own. If by a mechanical system you mean one which gives precisely timed signals, like signalling an entry at the close of the current bar to be taken an the open of the...

...Grob109 can be maddeningly oblique, verging on obtuse, and cryptic, verging on enigmatic. However, I recommend that you scan his posts going back a few weeks and reassess your opinion. I think he has a lot to offer, it's just hard as hell to grasp what he says because he doesn't make it easy...

...please forgive the unsolicited advice, but I may have gone down the path you are contemplating. If you are thinking about strategy development of NQ using QQQ as a surrogate, there are some problems. QQQ has bad ticks at round numbers (XX.00, XX.25, XX.50, XX.75). These are usually 100 lot...

...why are you of the opinion that the Holy Grail cannot be a mechanical system? You realize that this is a trick question with a gotcha at the end. Thanks.

...no, not dumb at all. It just might be construed as arcane market knowledge that would give you a competitive advantage!

...I am willing to bet that no one will answer this question for you.

...I found the Holy Thimble. It is my first system to make more than minimum wage and to pay for my subscription and data expenses. Now I am looking for the Holy Coffee Cup, which will help me start to climb out of the deep investment hole I dug in my quest for the Holy Thimble. Wanna buy one...

...count your blessings. Those new contracts will intoduce more S/R levels to NQ.

...absolutely priceless!: "I post what It amuses me to post, this or anything else... I'm looking for opposition because opposition leads to movement in my lazy brain." If you can't have fun here, there's no point in posting. No successful trader will give you his explicit system rules, or even...

...it's just a style thing, lower risk in the retirement accounts, go for it with the play money account.

...do you have examples in mind of how the iterative continuous improvement process with quality control can be applied to building a trading career? I ask in all seriousness because most of what I discover is random, like a blind hog finding an acorn. I realize you didn't mean to say SW CMM...

...I have been considering doing the same thing. I concluded that if I did I would treat each NQ as if I were trading the equivalent 800 QQQ's and trade only 1 NQ per $25Kin the account. Ultra conservative, just taking advantage of the better commish, fills, and slippage.