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an iceberg trade is for an intermediate trader, so you are correct. You enter a short when the stoch go below 25 and you do not exit until they cross over the 75. This trade is for a slow trend which is why you do not exit when the stoch leaves the 25 area. So you have two basic trades...

Volume falls off (see the Stoc go to 50%) and price centers. as volume kicks back in (do porrata or one min observation ) and the end of the day effects are in play from here on out. These three end of day events always happen and whatever contemporary volume is there will always sustain these...

1. Enter: Long @ 834.25 10:29 Exit: Sell @ 839.00 10:43 Total: +4.75 Day: +4.75 Week: +15.50 Reason for entry: 10:20 5m Stoch(83.87, 76.34) MACD Hist 0.415. Bought the break over the 10:20 high (was also a new HOD). Reason for exit: Ok i bailed early. Mkt approached 840 which...

:)

1. 2:45 Short @ 830.00 3:36 Cover @ 827.75 Total: +2.25 Day: +2.25 Week: +10.75 This trade was during the bar, mkt was b/d out of a channel and MACD and Stoch were well below the area so I shorted. Used the 1m to anticipate (look at 1m and see little consol. 2:40-2:44 right at 830.25...

1. Short below the 9:45 Bar stoch(5.77, 12.82) already had a MACD reading below -0.4, but waited for low of day to break (only 0.25 difference) b/c market opened below the 20 line. Short @ 822.75 Cover @ 819.50 Trade: +3.25 Day: 3.25 Week: +5.25 Reason for exit: Double reversal candles...

Just some fyi from what i have read about Jacks's System Doesn't look to trade from 11:30 to 1:15 Also the MACD 5m histogram never closes below -0.4 Also the MACD was entwining around 0...market becoming trendless. I enjoy the posts. Keep up the good work. :)

Jack How long after the open do you wait for a trade if it starts out below 20. I have read some posts with you talking abou the need to let the market "synch" before entering. Today for example, I waited for the first 2 5m bars and went short at 842.50 (below previous 5m bar's low)...On...

I look forward to watching this thread and the journal develop. thanks for sharing. dawg

I agree with your post completely which is why i figured if we can use some trades as a basis of conversation and information we would all be able to learn more about the nuances of his methodology as Jack critiques the trades or gives insight as to why he would or wouldn't take a particular...

In an attempt to learn more and it seems others are interested I am trying to trade jack's 'fast or rocket trades'. I have read through quite a bit to try and get it straight (MIF and Don Cameron's site) and will report here my trades and hopefully Jack can critique them and provide further...

there was also HUGE vol on the ES almost 40k contracts in a 5 minute span. could mark a short term top? .:confused:

how long does a 'real' track record need to be for it to be considered valid in a potential investors mind?

Check out the Trading The Gap thread by BrandonF for index gap ideas and don's opening orders pts1-4 (there are 4 treads i think) for ideas on how people appraoch individual stock gaps in relation to the mkt gaps. good luck. dawg

me...daily, 5, 15, 30, 60.

"I GUESS IT WAS OVER WHEN THE GERMANS BOMBED PERAL HARBOR" This would be a definite sign that you really do have your facts straight!...not to mention the spelling Ok. I can only assume since he put the statement in quotes he is referring to J Belushi's quote from animal house. :)...

mad as hell...really getting to the breaking point with this software! :mad:

i will check all these out. :D

turlo...thanks...i cannot find it (serached for it on google, yahoo) do you have there web address? thanks.

is that a subscription services?