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Swing trading various futures markets and retail forex is how John tries to make his money. You can check out his annual results tabulated in month-by-month format to evaluate his performance. RoughTrader

Just thought I'd post a quote from John R. Talbott in his book "Sell Now!": "Even if you optimistically (and naively) believe our governmnet is independent of political pressure brought on it by industry and the banks, the Fed may be very slow to force banks to recognize losses and thus push...

PM me with a description of the methodology and I will code it for you. RoughTrader

Any relation to the actress Carol Burnett?

If the goal is to have a tracking system that follows price tightly, an SMA or EMA with a sufficiently shortened time constant (lookback length) will do just fine. Just remember, whether it is SMA, EMA, Lin Reg, or even Jurik's adaptive EMA, the goal is one in the same. To filter price noise...

The MACD is essentially an oscillator version of a dual moving average crossover. Why would this give you any more information than your moving averages already do? Also, what is special about using Linear Reg as opposed to a shorter-length EMA or SMA? I'm not trying to dog your work, but...

I'd be careful of U.S. home sales data coming at 10:00 EST. RoughTrader

When I started out I used to get small panic attacks. It's the body retaliating for subjecting it to too much stress. Ironically, the more markets I started trading, the less time I had to pay attention to what was going on in each market, and the stress went down. I've both lost and made...

I'm looking forward to it. I'm aiming to pick up properties in Southern California in several years as the dust from the California RE avalanche settles. I'm particularly fond of Newport Beach and Corona Del Mar areas. RoughTrader

No, not that I have seen. I see the bid and the ask track each other quite tightly even during news events. The most I've seen the bid and ask spread at is 3 ticks. Most of the time, you can get in and out with limit orders and don't have to pay any spread, just commish. RoughTrader

Exactly. Globex Euro-FX is one of my cash cows. At 12.50 per tick per contract, the thing moves much more than the ES and is liquid enough for me to place limit orders of up to 50 contracts at a time and get filled easily most of the time. I trade retail forex, but am starting to really dislike...

Actually, at least I don't know why. In a relatively trendless day, the $TICK will tend to revert back towards 0 if it approaches an extreme value, say + or - 800 to 1200. In such a situation, if the $TICK hits -1000, as it starts retracing to zero, why wouldn't buying a dip work? RoughTrader

I've had this happen to me in currency futures, mini-sized oil, Ag futures, bond futures, and spot forex. Not the way you describe though. Each time it happened the price gapped against me in a new session and my stops didn't take me out the split second the market reopened. TWS would wait...

Billy, Do you have any code available? I'd be interested to evaluate it on the YM and see if you're overlooking anything. RoughTrader

IRAs are treated exclusively as personal income sources. The income is taxed only when distributions are taken, and the IRS does not care how the money got into the account. They only care how much you take out of it. As fas as my understanding goes, there is no such thing as a marginable...

I'm not trying to scare anyone off. I simply coded Ripley's strategy based on his description of the buy and sell orders. If you follow his logic and had taken the trades over the past two years in the YM, you would have lost several hundred thousand dollars. Plain and simple. There is no...

I coded Ripley's idea very quickly in EasyLanguage to see if it would work: // Start Code Variables: TickValue(0), MP(0), SellStop(0), CoverStop(0); TickValue = MinMove / PriceScale; MP = MarketPosition; If MP = 0 Then Begin Buy ("LE") Next Bar at H + TickValue Stop...

Another reason why futures are not for very small money. There is strong correlation between IWM and ER2 as well as SPY and ES, just to name two stock index futures. However, minimum tick value for ER2 or ES is $10 / $12.50, where as you can take much smaller size in the ETFs. Just another...

Hi Danno, Wow, +74% on your account for the month, that's quite incredible! Do you achieve this by trading aggressively with 20% risk exposure per trade or something like that? I'm interested to hear about your money management. It's extremely difficult to geometrically grow your account that...

"Do not try and bend the spoon, that's impossible. Instead... only try to realize the truth...there is no spoon." RoughTrader