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Just a thought ... have him paper trade the system until it has a losing trade or a string of losing trades, then jump in for real.

To OP: At 34, with your home, kids' education, and retirement pretty much covered, if I were you, unless the job is KILLING you, I would continue to work another 8-10 years to get your financial future absolutely nailed down AND THEN SOME. You could set aside a 'trading fund' in the meantime...

If I understand your question correctly, Medved Quotetracker lets you define the number of ticks per bar. Great software IMO ... they have both free and paid versions.

It's a freakin' joke. As traders ... we think in probabilities. So ask yourself how many times in an average week you made any error (in calculation, timing, JUDGEMENT, etc., whatever ... ) vs how many times your computer made a mistake, and there you have the likely probability that some...

Anyone else having trouble getting an IB chat? 2 days now with the endless "Please wait ..."

Perhaps the RTH r10 from 99.75 will do a bit better :cool:

Sometimes (often, I find) Dow leads ... http://stockcharts.com/h-sc/ui

Just curious what kind of luck people are having in getting through over the phone to exit positions. (I'm currently flat.)

Pink out, here.

Just a friendly reminder...

Thanks. (Actually I meant offset from eastern ... but I see we are both roughly the same, central time).

B1S2 if you'd be so kind, what is your timestamp offset from EST? (if any) Thanks.

You are supposed to miss the run (sort of) ... first you have a pivot, then it goes 10 points one way or the other, then you FADE the 10 point move. The play is the fade of the 10 point move. The pivot simply marks/identifies the start of the 10-point move which you are going to fade. I...

Another way to say it would be the swing highs/lows.

No .. (see my "edit") The (+/-) peaks Volente reviewed for today seem pretty clear on a 5-min. chart, but for all I know others may use something different.

It can't be planned a day in advance ... it's based off the pivots that develop during the session. Vol, correct me if I'm wrong. edit: clarification - "pivots", meaning peaks and valleys

Do you have a set of profitable strategies which you've tested in real time through all kinds of market conditions with a good simulator? Good trading to you. btw, great nick.

Mini-money ...

I think fibs work best when in confluence with other S/R levels - as do most things. Good trading.

How about fibs and trend lines?