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It's not that special; just like pivots it works great on some days and is useless on others

Well, what if you have on a bfly or something to hedge a big move, I guess it depends on how much theta you can gain over a long weekend; like the other poster said, one would probably need a very large position to capitilize on it (or not?)

Ya, I had no problems getting 4 keys for 4 different computers of mine.

If we experience a market like that, the best strategy will probably be long theta; maybe short iron condors?

Don't do it, you'll fail unless you stick to your system; take my word for it :) Good luck, looking forward to another great journal!

I trade a similar idea on ES (using POP's rules of course). I enter off of 2 min candles, on occasion I'll look up to a 3 or 5 min candle chart to see how the wicks are there.

Here's an off-topic question (I'm not very good with greeks yet, so bare with me) but how would a strategy where you go long theta a day or two before a long weekend and close the position after. Seems like a no-brainer, where am I going wrong (I know I am, lol)?

No, I certainly don't. If I have time next weekend I'll convert the TS code into WL and do some tests myself. I am basing my view of profitability on abogdan's success with the system combined with the TS backtest

Why would it fail during a bear market, it's market neutral. Not to mention that it will benefit from increased volatility (wider/faster swings). The reason why your backtest is failing could be as simple as you're not calculating the minimum swing correctly.

No, that's one of the only limitations, can't backtest on Bid/Ask data

Oh, nm, I guess in a backtest it works out

You can't do same bar exits/entries with WLD but otherwise it should be fine

Wait so globex (and index futures) are open monday morning from regular open till 11:30 EST?

Depth of market, shows you bid and ask sizes of active orders at various prices away from current B/A

I guess I'll throw something out there. I've been reading the DAX scalping thread and the posts by Grob109 about SCT and I feel that I understand the general idea behind it. I don't think this was discussed anywhere here, but regarding index futures, does SCT tell you how to trade? When to...

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I believe abogdan has created a system (and has been running it very profitably for some time) doing similar analysis and "super fast trading" on stocks, after analyzing MM/SIZE relationships to movements in price.

By this do you mean simply trading with the higher TF trend? The way you phrase it makes it sound like you're creating a hurst channel type view of the market.

lol, why a chess club? My dad is quite the smart guy, in september '88 at his height he was ranked #135 in the world with a rating of 2546 :)

Ya, sadly a lot of stuff out of Pravda is junk, you would have to look to verify them elsewhere.