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There is actually something lke that out there lol.

That is great!

I'm always trying to buy these stupid gaps when the best is fading them lol. BTW I have keltner bands up on one chart of the spy just to see if I could fade that on the es.

sobemark do you do other type of trades? Like many strategies or is this pretty much the main one? I don't know if you answered this. Thanks.

I trade the spy as proxy of the es emini. This way I don't lose too much money trying to trade futures as a novice trader. Anyway, I keep a journal of my read of the markets and I thought possible we would have a range day today with a slightly bearish tone. I trade the spy so I can have 3...

You contributed to a nice thread here.

Covered too early thought it was done at .10.

Trends are an anomaly. Reversion to the mean is much more reliable, especially if it involves other traders being forced to take action. But then again...

Thanks I found this very helpful with the opening orders. I also have been coming up with ways to calculate how efficient a strategy is compared to commissions. I use a commission per trade average, which is interesting because if I do a certain chart pattern with stocks over $100 for instance...

Thanks!

A while ago I went through as many of these posts I could find and still couldn't find an explanation. Does anyone have a bookmarked link or something? Please and thank you!

I love this thread. Some cajones daytrading 7500 shares of ebay but with leverage of options. I'm not going to try that one! Anyway, in all the "trader" posts at yahoo finance and hard right edge etc these guys were saying needed a market correction all last month. Well at the moment looks like...

and I have jotted down what that total would be and then compared it to what I ended up with. So far it doesn't seem like I really would've made more one way or the other. I'm also trading futures so it's one position. I'm training myself that when I think I'm too exposed with money sitting...

I pretty much am at a loss at the moment as far as that goes. I do know I am leaving way too much in a trade and that trades that go my way from the beginning and stay that way, are hard to come by. So I need to stay in those somehow. Just knowing that and I am fighting off my instinct to sell...

Thanks just one more question. Do you have specific rules in being picky or is it a matter of judgement based on your experience? Or both I suppose! Thanks so much.

In your actual trading results do you have a win rate? As in you say %80 I was wondering in actual excecution if you find it hard to ge that result with perhaps getting faked out or tricky market conditions. Also do you cease this type of trading during trending periods? Please if you can post...

It seems you have a trading method that works for you. If you wanted to start doing technical analysis or indicator based trading why don't you spend that money on mentoring with alan farley or something? With that kind of loot just go visit him or some other guru for a week. That's gotta be a...

http://www.quotetracker.com/ THIS HAS FREE MOVING AVERAGE SOFTWARE. HENRY YOU WILL HAVE TO GET A DATA FEED, YOU CAN GET ONE FOR FREE FROM SCOTT TRADE. DON'T HAVE THEIR WEBSITE LOOK IT UP ON GOOGLE. KEEP SAVING THAT MONEY.

I was just looking at fading back to the mean rather then thinking some anomalous movement wold continue. IE a breakout is actually anomalous but things consistently will fade back to the mean like a moving average, especially when the volume dries up. I was wondering how you decided to take...

It is good to really consider how efficient a trading strategy is. For instance, if you did a whole lot less trades, took bigger losses but your wins were 2 to 3 times larger then your losses, you would have a lot less to pay in commissions and you might end up with more money. The style you are...