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I think this is what Jack is trying to say: A= lull before the storm = congestion, penants, NR7, etc B= breakout C= retracement/reverse in trend Volume confirms a breakout increasing = continuing trend steady = no direction, drift decreasing = impending change in trend...

No trend moves up or down in a straight line. pretzel

Jack, I'm trying very hard to decipher your post. Maybe you can include a chart to show the A B C points to make it easier? A chart is worth a thousand words. Thanks, pretzel

The turtle soup is a system which anticipates and trades false breakouts as opposed to the turtle system which trades breakouts - but these are on the daily time frame. Just wondering which occurs more often - false breakouts or true breakouts? pretzel

Breakout, "Profits Per Bar" example, If you make 10 pts in 2 mins in a 1-minute chart, that's 5 pts per bar. If you make the same 10 pts in 10 mins in a 1-min chart, that's 1 pt per bar. Which is better? pretzel

Here's an MIT order placer. PM me for a copy. The price is picked from a "depth of market" table but the order is placed as "market if touched". The "not filled" problem usually occurs if your order is placed at the price with the largest size - so looking at the DOM might give you an idea...

Are you using the same general system you're using now from one year ago? I have just been trading a similar system for 4 weeks and the results are good overall. But I'm still looking for more filters to improve the system. I think we should start a thread on the RS system talking just about...

Here's the chart with the signals. Some good signals are filtered out by the MACD filter. For the 11:24 retrace, your stop should be more than 4 ticks so that you will not get stopped out if got filled at the low of the signal bar. If you jumped in at market, the 0.25 slippage would have...

It's my browser, switched to IE and got the png. I'm using the enthios RS template on 1 min - parameters quite similar. The problem with retracements is when it overshoots the retracement to hit your stop before moving in your trend again (chop) - any way to filter this out ? Will the...

Thanks, got it. So, you trade breakouts now instead of retracements? pretzel

Breakout, Thanks a lot for the tips. I cant get the 2nd chart - elite says there is an error - can you post it again? pretzel

see my signature pretzel

I think the correct answer should be PASS? pretzel

On the topic of timeframes, what is the advantage of a tick chart over a regular minute chart? And, how do you determine what number of ticks to use for the tick chart? pretzel

Breakout, When you enter the trades, do you enter - 1. as soon as the low touches the EMA? 2. wait for the bar close and enter on the open of next bar? 3. wait for one or two bars before entering? How do you enter the trade? 1. market order? 2. wait at the bid? 3. order waiting at...

It funny that people think the grass on the other side of the fence is greener - http://www.elitetrader.com/vb/showthread.php?s=&postid=75229#post75229 pretzel

Just curious to know what's the second most popular market after ES. pretzel

Maybe this could help. pretzel

nitro Wow, this is something new. I dont think this is covered in the Joe Ross or Courtney Smith books. Where can I get more info on this? pretzel

Here is my frontend for monitoring and placing spread orders on IB. If you're interested, just PM me. pretzel