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To followup on daniel_m's point, in addition to the claims about the viability of the methods themselves, you must also consider the vendor's claimed history. If you have a vendor that sells overpriced trading books, seminars for $3-5k a pop, fax newsletter, is a CTA soliciting managed funds...

This is just the "tip of the iceberg". I'm just cut & pasting from some old emails I have handy. Don't make me dig out the rest. The issue isn't the quality of JR's content, it's his blatant lies and misreprenstations in order to sell his educational materials. That's the issue. Here's...

Yeah, they were $150 when the first book came out around 1991. Over a decade later they are still overpriced at $150! This entire spread trading thing that Ross is preaching is for traders who have never heard of it. Anyone who has been around awhile knows the pros/cons of spread trading...

I have no problems with taking a look at other people's ideas either. In fact, sometimes even looking at a flawed idea or an idea with no real trading advantage to it can itself give me an idea. That's why as a trader you are always reading, learning, asking questions, making hypothesis, and...

I have all the Ross books (books the size of encyclopedias with everything written in 18pt and 16pt font!). I coded 100% mechanical rules to trade the Ross Hooks a few years ago and they did not show any kind of an edge. There are also a couple subjective methods described as well (like...

I suppose you've never even seen Oracle Financials? You enter the data and it does the accounting. In many cases it grabs the data direct from other electronic systems. But that's besides the point. Your argument doesn't make any sense. A human accountant + Quicken ==> produces accounting...

I think they need the people to do the data entry! For example, my Turbo Tax has been right on every year. It even catches deductions that my human brain did not! I can just imagine the # of errors and deductions I would have missed if I didn't use Turbo Tax. I think you need a different...

I meant the CME margins are the minimum requirements for holding overnight, but brokers are not subject to CME minimums for intraday. In other words a broker could give you as much leverage as they wanted to risk. You are indeed correct on the IB intraday margins requirements! Note that IB...

The margin requirements mentioned above are for holding overnight, which is what the CME requirements cover. The intraday margin requirements vary from broker to broker depending on how much risk they are willing to let you take. With intraday futures trading (i.e. exit all positions at...

Well, since S&P futures regular trading hours go to 4:15pm, there's always plenty of liquidity 4:00-4:15pm. After 4:15pm volume drops like a rock but you usually get some minor follow-through action or movement on news related items that come out after the close. Something like major...

Liqudity isn't bad when London and Sing/Tokyo are up. The spread is normally no worse than 2 ticks during the dead periods. 3-7am is usually tradeable with standard 1-tick spread. As long as you're not trading size you won't have problems with liquidity. However, the problem isn't so much...

JayK, You quote me out of context. Why not include the first two paragraphs as well? If you read my post carefully you will understand I was referring to Alphe's post where he did "econometric studies on Options" and determined that "price changes...did not approximate the Black Scholes...

Use offshore host provider. But more importantly, tell the truth! It's not slander or libel if it's the truth.

My fills have been fine and I've used other brokers too. I have no problems with an electronic broker matching my buy orders with another customer's sell orders, thereby reducing overall costs, hence lower commissions. I've never had problems with fills on stop orders and the occasional...

The Black Scholes model is known to not be precise, but close enough for the vast majority of participants. In fact, there are several large players with proprietary pricing models that take advantage of many small inefficiencies in the market. There are also some good public papers on...

I wish we would get more reviews from posters who have more than 5-6 posts and who have registered longer than, say, yesterday? I'm saying that any of the recently registered users who have posted on this thread are not legitimate reviews, just pointing out this very frequently occurring...

Divergence is easy to determine 100% mechanically as long as you can describe it objectively. For example: - Take the peak (highest high) of past 5 bars and compare to peak of 20 bars. - These two peaks must be least X bars apart - The lowest low between peaks must have fallen to at...

With your avg. profit so close to your avg. loss (almost a 1:1 ratio), you'll want to see at least a 60% win rate, preferably 65%. You may also want to look at the effects of a mere 1 tick slippage on your results.

The hard part is how do you separate the real user input from the trolls? Just like a message board. Competitors or other random people can slam vendor products for no reason. You'll also need to accept positive reviews, but the same problem applies. It's the same as it is here and also at...

I've tried testing something very similar to this, as well as a variety of other classic intraday break-out and volatility methods designed to take advantage of a large move. The problem is that many times the large move is caused by the overnight gap. My model predicts the magnitude of the...