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there is only one pivot that works

Americans aren't tax heavily. For example, in the netherlands we have 180% tax on gasoline. A litre is only 30 cents, 10 cents is transport and distribution, and 1 euro is taxes. We also have 20% sales tax, 30 to 50% income taxes. I don't understand state taxes. That just sounds like...

that is pyramiding and works great in bubbles, where theres lots of momentum. just like a few posters said its devastating in chop

Nobody mentioned this but... If you make 15 trades a day, 10+ pips profit a trade with 10 pip stop, and 550 pip profit after a few months, so more than 55 days.. isnt this a terrible system? You're making less than 0,7 pip profit a trade, especially with spreadbetting where commissions are...

did you read the post? you look at the angle and the price action do you look at premarket also? also you know the ES didn't exist prior to 1997, so any daily changes to the S&P prior to 1997 is irrelevant, as the ES is now driving the S&P instead of the other way around?

with overnight initial margin of $6000, this is 120 ES points.. I doubt people will lose $250.000 with a $25000 account. Also the markets rallied after gap down of 9/11. limit down is usually bullish and limit up is bearish because of all those countertrend traders

TT and IB are expensive for futures The biggest problem with ninjatrader you cant expand vertically. This means that when you have a big move, a tick becomes very small and when you trade of the chart, it's very easy to make an entry +/- a tick. At least with Open E Cry I found using...

index futures aren´t that dangerous, compared to commodities they have circuit breakers and limit down even in pre/market. Moves of over 1000 DOW points and 100 S_P points don´t happen, not even with 9-11 only in case of like UFO´s suddenly landing, or dollar going from 1.50 to like 6...

because of insurance companies. there is no competition between them, for various reasons. It's the same reason why windows 7 is so expensive. It's a near monopoly

during the 2008 market crash we went from 1260 or there to 1290 in a minute due to bailout announcement

yes, because he didn't make the money himself. he needed the help of investors. traders on this forum don't have the help of others. they have to do everything themselves. but you don't see anybody idolizing them

Why are you guys idolizing a fund manager beats me. You don't even have access to other people funds. Shouldn't you idolize people who trade their own money 100%? I guess that's impossible, since there aren't any successful traders who trade their own money:p Besides, his return might be...

You can also take 2 ticks on half the position, move stop to break-even, and take 4 ticks on the other half. Wait, the ATR is used to calculate stop only, or also the target? You know there are different kinds of ATR's, like there are different kinds of pivots. There are pivots based on RTH...

Also I make support and resistance from monthly, weekly and daily pivots. These levels are proven to work over time, and never go invalid! The primary pivots are the most important ones. When you have several levels in confluence, with the 20 EMA on the 15 min on top, you got a great level to...

In the stock market nothing is what it seems... I would not hold onto this belief. Believe in the price action, it is all around you and the only thing you need.:)

I let price action be my guide, I don't need backtesting:mad: ATR? That is a lagging indicator. Yesterday was trend, big ATR, today is chop. You will get creamed using that approach!:D

The strategy can add filters like standard MACD and RSI. If they show divergence you don't trade the touch of the EMA. But this strategy is all about letting price action guide the trade. Once you're in the trade, if price action is looking good, you stay in the trade for 2 ticks of profit...

If the movement of price towards the EMA is fast, it is more likely to pause and take a breather. However if the movement is slow than the move will have less chance of taking a breather thus less chance of the trade being succesfull. So look for fast retracements to go long or short on...

Put a 20 EMA on a 15 min chart, when the EMA is uptrending buy on a retest of the EMA, and when the EMA is downtrending short on a pullback to the EMA. When the EMA is flat the market is in chop. Average into a position put something like 10 contracts on the exact tick level of the EMA, 20...

George Soros is not a trader like the people on ET. His bet against the British Pound was profitable not because of outside forces, but because he was an outside force. He became the market. No trader on ET can copy that. Coupled with the fact he is not trading with scared money, but money...