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Once again I forgot to include the chart, sorry...

Here are my numbers and chart for tomorrow: There are 2 good long levels for tomorrow, they are close together but if you look at the chart closely they are different levels. Long 1283.50 and/or 1293 Short 1273 as of this writing none of these were taken out in todays lackluster...

Sandy, I believe what Lamont is trying to say is that if you a greater than 50% W/L ration then you let the magic of mutiplication increase your account size. Not the net return of one but the net retun of say 5. Instead of $900 now you have $4,500. You can add more contracts as they add up and...

Due to this statment I have decided to copy part of Marks Douglas' book The Disciplined Traders. Just on the significance on S/R and how it works. I would suggest anybody trading this type of strategy delve into the psychology of it before trading it. This is a very good book for all levels of...

I honestly would not have a clue how to automate this type of trading. Getting into the trade is easy, just look at some chart. The tricky part can be getting out of a trade. Whether you escape with a 1 point gain or captalize on a 4 point straight move. By all means try if you know how...

This is what I have been trying to get across as well. Thank You, 4re

This where we will agree to disagree on this...

Yes, few people spend the time and effort to really learn how to trade breakouts. The key is by looking at charts at different time frames and determine where the most likely place for a real breakout to occur. My opinion is that you do this before the market opens when you can look at it...

Not at all, we have guys trading several different ways on here. My way isn't the only way by all means. Glad to have your comments always. Have a good vacation. I bet it is going way too fast isn't it. 4re

Fair enough, I was just thinking there might be a way to make this type of trade profitable. We will look to raise the R/R and see. Thanks, 4re

Going to bed now, see you GUYS in the morning. 4re

LOL...I guess I could edit that but just to show I can laugh at myself I won't. Yes, that was/is a mistake should be guys...ROTFLMAO,,,

Exactly, this is the kind of gays/gals I enjoy talking to on here. Makes trading interesting and educating.

I'll test it if you will. You have traded with me long enough to know that I am all about getting the best probability possible. In fact you and I have traded together long enough for you to know and understand my method and that it works. I hope anyway. I can't wait for you to get back in...

Why not just go ahead and begin with futures. Give the low start up you could at least start with a couple of YM contracts anyway. Probably get a little more bang for your buck. 4re

I hope you are not paying that much in commissions. Any more than 5.00 round trip per contract is way too much. I wonder if you went for 1.25 points if the win/loss would be the same. The extra 1/4 point would cover commissions.

Sandy, Yes, in order to keep things as simple as possible lets just use regular market hours. If price breaks out in after or pre market and does not retrace let us assume that we will not trade that day. It doesn't happen often but it does happen. Thanks Sandy, 4re

Note to anybody interested: I have a strategy that I would like to test and would like some feedback. If you are a new trader this is very simple and with you in mind. You don't have to be knowledgeable in technical analysis or anything except basic math to test this. If you are fairly new at...

Same thing for the most part. Anything that clouds the mind during trading is bad for your account. But since most trades focus on points made and points made equals money. I just stressed the money part of it...And the reason that I focus on cherry picking the one trade that I believe stands...

Your aricle and comments are very accurate the only problem I see here is this. If you get too hung up on the dollar figure it can cloud your judgement....Now I am not saying I do not think of dollars because I certainly do just not before or while I am trading... I do count dollars AFTER my 1-2...