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VSTscalper Thanks for the extensive reply. I guess I'll have to assume that your winning trades exceed 50%. (If you said they didn't I'd reply 'why don't you just flip a coin to determine market direction?' So your indicator is not a moving average based? Your...

I was wondering if the more experienced members at this thread have a system or methodology that gives profitable trades >50% of the time. (The amount of actual profit is, perhaps irrelavent.) I don't need to know what it is, just asking. I've spent ( though not recently )...

JMowery If you're still around maybe you have time to respond. Do you say you use moving averages (simple crossover setup) and support/resistance only (with trendlines/arcs)? -Stephen

JMowery Thanks. I haven't done anything lately. It's just how I remember things. So you use a 200 period moving average on 1 minute bars? A 40 period on 5 minute bars might be easier. I found that 1 minute with 200 MA equals 5 minute with 40 MA give or take. I suppose that's...

Porgie So you don't do backtesting of your ideas? No Tradestation? etc. -Stephen

Porgie Thanks. I tried moving average crossovers and using the direction of a single moving average as well, long ago. The frequency and amplitude of the price movements is constantly changing so it didn't seem to work for me. You know, 'the market doesn't care what moving average...

I don't want to waste too much of your time today porgie (since I can't trade). I did get briefly into the wealthlab demo a good while back. What do you use for system development (for software)? - Stephen

Thanks spike500. My main problem with technical analysis is that you've got a market moving down AND stabilizing at a support level, for example. After that it either goes up or fails through. The same problem at resistance levels. When I mentally traded long ago I would...

Is these widely accepted notions??? Especially the comments about Open Book and Level 2? (Interest is in e-mini.) I must confess my ignorance about these things. (I can do basic technical analysis, after the fact. I don't have a strong math backround.) Thanks...

Porgie (translated) For the first few years I used the two most important tools we can possess, OUR EYES. Then, as time wore on, I realized that the biggest obstacle to successful trading with the eyes was the brain. We think we can internalize the market but this merely causes...

Progie Do you think it is possible to have a system with a very limited number of rules? A 'system' that would exist only in a trader's head? (and work of course) Thanks, -Stephen

Porgie I've started to pay more attention to your posts, having determined you are a real person ( and not a computer simulation ) hee hee. Wishing you well in your trading. Wishing I could trade. Stephen Szpak

anyone know where/how i can link up the ol pc to an atomic clock so its always right??? __________________________________________ What you want is to take the time from multiple atomic clocks and average it for more accurracy (hee, hee). Seriously, it is important to know the time. Iwish...

Thanks. So what is the savings, if any? To keep costs down, one would have to assume a, let's say,a 40 point drop in the E-mini S&P 500 futures BEFORE one could exit one's long futures position, (were still talking about day trading here). I say "to keep costs down" because the...

I sort of understand these two: Pay for the put by selling a corresponding OTM call Set up 1x2 or 2x3 put ratio backspreads to pay for extra long put http://www.asx.com.au/investor/options/how/library/StrategyofWeek280303_AM4.htm Does the top one have a name? Both can involve...

I'm talking about a once in twenty years event. Think about what would have happened on Sept 11th if all the attacks occured at lunch and at Washington. I do worry excessively, but calamities do occur as well. P.S. Doesn't mean we have 10 or 15 years until something really bad...

Hi There is a *tiny* bit here. But I doubt it's what you're looking for: http://www.elitetrader.com/vb/showthread.php?s=&threadid=52233 This (at the bottom) is probably all that is relevant: http://www.elitetrader.com/vb/showthread.php?s=&threadid=52233&perpage=6&pagenumber=2...

Thanks guys. Can't get back into this until probably Wednesday. Stephen Szpak

Thanks omniscient.

Thanks again Thunderdog.