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Wow. Sometimes I feel like you are on fast forward all the time. :cool:

Mak Did you trade yesterday? If so I would really like to know how you handled that downdraft shortly after 11. I was lucky enough to already be short off the ftt on the fourth channel which was a lower high and one of my favorite "setups". I bailed on the wrb. I am sure you were also short...

As I stated a few posts back they have been working very well lately. I am talking over the long run. When you get into a sideways market Ive seen lots of days with nothing but washes and once in awhile you get those days with two or three moonshots in a row. The 12:35 rocket was only good for a...

I am a pattern trader. I do not see how this kind of trading can ever go away. A bearflag in a strong downtrend is a moneymaker and barring some drastic change in human nature it always will be.

I should clarify that I am talking about rockets trading index futures intraday. 666's comments seem to be referring to stock trading which I know nothing about. Since he was quoting me I responded from my perspective. I believe this thread is primarily about trading index futures.

I honestly dont know how you would backtest rockets. I would say about three fourths of my rocket trades do not work out. I call them washes but they might be minus a tick or two or plus a tick or two or flat. Over time they average out flat. About one out of four turn a profit, a couple of...

Every time I think I have seen it all someone steps up to correct me.

When I was a kid my dad and I did a lot of trout fishing on small streams and I would spend more time walking than I did fishing because I could'nt resist seeing what was around the next bend. Research on something youre really interested in is not work and the side trips are often the most...

AMT4SWA is a very interesting trader. It is unfortunate that these guys dont seem to last around here. I cant imagine how anything could be more interesting than Elite Trader posting but it seems they have found something else.:)

I see you hypo. Too bad you cant kick that quant background and try something simple. Curious if anybody is trading these rockets. Two today. One wash and that last one was pretty nice. There were three yesterday. Two the day before. I keep waiting for someone start nailing them but the silence...

Exits are the hardest nut to crack in trading, imo. I have not found any technique than does not either get you out early or late. If you get out consistently with a profit you should be happy. For me it depends on a number of things which I cannot delineate in a couple of paragraphs. How fast...

Good retracements are reluctant and give up ground grudgingly. Parabolic moves are dangerous. I would be cautious here.

We got a little help from that number. I am getting out here however. Dont like the way it is acting. Good luck. edit: thats what I get for being such a chicken.:mad:

My present technique is just to use the macd as a flag. When it is approaching .4/-.4 at an angle I start looking for a pattern which will usually be a breakout of the hi/lo of the day with sufficient prv and this works well enough in those situations but there are many decent rockets that occur...

One of the problems with rockets as Im sure many of you have noticed is that waiting for a 5 minute bar to close can often get you in late. I have been experimenting with using the macd on a volume chart as a leading indicator for the macd on the 5 min chart and the results so far are promising...

you chose the right handle:)

That 20ema can be a tough nut to crack in a strong downtrend. Dont know whether it will hold or not but you can depend on strong resistence in that area. <img src="http://www.elitetrader.com/vb/attachment.php?s=&postid=1073398">

Quotetracker records the t&s as long as its running so you can scroll back through it at any time during the day if that would help you. QT is free by the way.

lol. thats what makes a market. I will be looking to short again if they get back to the 20ema on the 60 min charts.

I wonder if some of you have some insight into how these sites manage these guaranteed prize pool tournaments. I am looking at one now which is a $100,000 guaranteed prize pool. The entry is $50 and there are a little over 800 entrants which gives them an initial 40k plus. There are unlimited...