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Don't overlook your ability to be the market maker on these contracts - with one lots. You can even move the market - and change the charts, with one lots, for the cost of a single commission. (Have you ever sold to yourself?) With the difference between initial and maintenance, you can free...

Well, I'd like to say thanks to all for the replies. My feelings on the elliot wave principal mirror waggie's - I can't really trade it, but it is interesting. If you read Niederhoffer's "Education of a Speculator," you can see that Prechter\ewi has the wrong approach to prognostication. He...

Looks like the usual response to one of my threads on et - a collective yawn. Over 120 read the post, only 10 have enough balls to even participate in an anonymous poll. Where are all those discretionary traders that "trade what they think?" And of course no one posts with an opinion on the...

How high can the S&P Go? is the title of another thread on ET. Everyone wants to know, because once it happens, we can switch from buy the dips to sell the rallies as the dominant trading mode. Well Prechter and his guys over at elliottwave.com have their semiannual free week going and...

I am not a fib trader but it sure seems weird to me to use monthly closing prices in association with Fib retracements. Even using closing prices at all as opposed to the lowest\highest seems weird, but monthly? Huh? :confused: What is wrong with using actual extremes...

I take it back. After looking at their graphic, I would probably use the esignal data feed, but pay extra for the linnsoft.com software to display the market profile. The esignal mp representation is not that helpful. With linnsoft, you can switch back and forth from price-time to...

From the link above, "The key to successful use lies in correctly reading this information and interpreting the distribution shifts that are constantly occurring." Software doesn't tell you how to do this. In fact, since most mp traders are using 30 min bars, it is relatively easy to just...

Any software that I am aware of may give you a graphical representation of the market profile, including the evolving market profile as is exists for the market at the moment. This is usually a price-time profile made of time-price opportunities or tpo's. Alternately. some software can plot a...

Anyone who is bearish the yen long term doesn't understand either technical or fundamental analysis. Short term the BOJ can do anything; long term, they are just sticking a finger in the dike. The dam is about to burst.

If your selection techniques can identify with consistency the stocks that will outperform, they should be able to identify the stocks that will underperform. Then, forget all market timing by only spread trading the stocks in pairs in the same industry group (e.g. buy Dell, sell Gateway...

I know that Elliot Wave systems use fib projections. Any EW traders out there who would care to share their view on wave count vs. these fib levels? The 61.8% retracement became significant in the Dec Ten Year Notes futures contract, since it turned down within a few ticks after that...

While I do not use fibonacci analysis in my trading, I wonder for those who do if they have noted the nearby Fib retracement levels on the Dow and S&P Cash. These are the numbers I have: Dow Jones Industrial Jan 2000 High: 11750 Oct 2002 Low: 7197 61.8% Retracement = 10,011 S&P 500...

Well, like any good system, dilution can affect results. If you look at the volume in the es, there are plenty of times where bid and ask show hundreds of contracts, but most of them are cancelled, because T&S show price moving through with less than 100, sometime less than 20 contracts...

It should be noted that while what Grob has stated may be a perfectly valid method of scalping, transaction costs tend to take a bite out of the profits. I have had days scalping in es where my P&L said I made over $1k, but once commissions were subtracted, they were net losing days. I...

I haven't read the book, but my believe is that large lots at the market are indicative of buying and selling pressure - especially when they are at market tops and bottoms, then confirmed by price movement. I discuss this in detail on another thread, and to this issue in particular, no one...

This isn't tulip bulbs - we are talking about completely liquid markets that will provide plenty of opportunities to reverse to short.

I remember listening to a radio show during the dot com bubble, when some trader said that he was shorting Amazon because the valuation on the unprofitable company was crazy, it was just a bubble. Well Amazon ultimately went to about 5 times the price where he was short. What was the better...

As stated by a trader on another forum, who cares? Sure the market is overvalued. But if you are trading it, you always want to be on the right side (the market is always right.) So your best gauge of trading success is immediate profits. When it is going up, get long, when it is going...

Spoken like a true trader. You don't need an opinion based on perceived fundamentals - it just gets in the way of profitability. Also see my post on virtually the same subject - http://www.elitetrader.com/vb/showthread.php?s=&postid=347200#post347200 _________________________________...

I had enough weird executions with IB simulated stops, that I only use the exchange's native stops now: Globex: Stop-Limit ACE: Stop This also removes the small risk that there might be a disconnect between IB's servers and Globex as has happened on occasion. One could make an...