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It does sound simple. But basically ADX is just an indicator checks for overlapping price actions so when you are in a range, it does not advance much and when it breaks out of a range, it advances. So this is just basically TRADING HINDSIGHT by using it to determine whether the price is in a...

I think a system called "abberation" actually uses this type of stuff to identify strong trend instead of fading it. In terms of statistics, I don't think you can apply the numbers: 1) Standard BB uses sample size 20 for the moving average etc... not statistically significant enough. 2)...

Thank you Dave. I have PM you in a heart beat. You are too generous! Regards, Willam :)

Thank you very much. It's very helpful. Anything strikes you as important in your meeting with Marty Schwartz? Any final words of advice from him? Thanks again. :)

From his emails, he is still a "fade" trader... and he said he takes a lot of TUMS.

Have you been to Linda Raschke's full seminar? How would you rate that one? Thanks.

Did you get any reply on how it is? I corresponded with him a couple of times thru emails and he seems like a good guy. I did not go to his seminar at the farm... thinking about doing it maybe two years from now if I want to diversify into another program. :confused:

Did you read "Pit Bull" by Marty Schwartz? If you are not in shape, a bag of coins can kill you. :D

I used to buy from http://www.goldmasters.net for Canadian Maple Leaf gold coins. I remember I recommended the place to one of my friends. He was surprised that they gave him a panda coin that worth more than the one he ordered (different year) due to out-of-stock. I guess he was happy. :p...

I'd jumped into Elliott a little bit (got all the books and tapes) and like many of their concepts but I agree with you in keeping things simple and practical. Thanks. :)

I still like his contra-thinking.... useful for me growing a small account... as I am prepared to take a possible 30-50% hit at some point for some crazy geometric growth rate.... But I think my stuff would stop working quickly after certain size because the inefficiency comes mainly from the...

What are FTP and FBP stand for? Thanks.

If you have enough data points to make sure the extends of your rules are not overfitting the data, you can perform reasonable statistical analysis to see if there is something significant enough to be exploited... this is probably the "going-for-the-number" approach such as data-mining...

naz, I am not saying you are not a good trader... Let's say you are the best trader in the world. So what? Now is the time for you to get your education so that there can be more intellectual possibilities in your life than just a bid and an ask. You have every responsibility to study and...

To be honest naz, if trading is what you want, you should focus on your college study instead of trading and get your grades up. I think that would be your best investment at this time which you can leverage off later. Take some computer programming courses... pass or no credit. You can...

If you have a proven method, then maybe it is "theoretically" possible. My question is did you just figure out your method and tested it or you have been trading your method all along and left with a small stake after living expense. If it is the latter case, then it kinda tells you it is not...

If you are a system trader, I use fixed fractional risk guidelines using maximum historical drawdown, 10-consecutive-losing-trades etc. to withstand two times those risks. If you are a discretionary trader, you better be damn sure you have backtested your short-term method to be 70% profitable...

I think Marty Schwartz does a lot of trend lines on charts... He said he never got thru a TA book cover to cover. I had read part of Perry Kaufman's "A Short Course in Technical Trading." I thought it was good at the time... I think I might try to finish it. He tries to take the witchcraft...

Oh yeah... Mark Fisher is also a good bet. http://www.clicklive.com/NYMEX/symposium_2003/content_page.htm

They are all guilty until proven innocent. If I must go somewhere for information, I would probably bet on Linda Raschke and Mark D. Cook for their more extensive seminars and not their two dollar talks. They will get more from you than you from them if you fail to take the next step to test...