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Hi all, Just wanted to start this thread and solicit some feedback. I have been a full-time day trader for 2 years. I was very profitable for the balance of this time, although I have hit the skids the last 2 months. Suffice it to say, that the trading system I was employing ran...

I've back-tested a multitude of strategies using bracketed order entry/exit points, and found in general, that they are never really better than break-even at best. I've used pivot points (& midpoints), however, and not fib levels. Using volume, price action, and market strength, however...

ElectricSavant, How do you actually use the Camarilla levels to time entry/exit ? It isn't evident from your spreadsheet. Regards, Doug

Hi NYC-Hotshot, I used the "DX", as opposed to the "ADX", as your later posts indicated. What I didn't do however, was look for the "explosive" move as you indicate. Any time DX crossed and was above PDI/MDI, I entered the requisite Long or Short trade. When DX crossed again, I...

NYC-Hotshot, Your posts are/were very much appreciated. I back-tested your strategy using Wealth-Lab over a large sample set of data and a significant timeframe. Unfortunately, I did not find it to be a winning strategy. Perhaps your indicator software behaves differently from...

Although Realtick costs a bundle, I have compared it diligently with eSginal, and found the following (this was based on eSignal 7.5, BTW): - RealTick has better server redundancy, when a server goes down. It is usually seamless, where eSignal required manual shutdown/restart on many...

riskarb, I love your indicator ! Care to divulge ?

No, Ig0r, there is no holy grail, as you and I well know. Just looking for feedback on how people are using these levels. Doesn't seem to support pivot-level trading any better than traditional pivots, IMO.

IsudayTrade, Funny you should mention that. I've been a full-time trader for 2 years now, and we have not seen 6 straight down days in that timeframe, so you would have to look before then. I personally feel that the world is caving in. Economy sucks, world politics is a mess...

So, nobody has pursued this further ????

Don, Thanks for your comments. I think some of us are frustrated at how the "inner circle" has advantages that we don't. That is what we are angry about. It is certainly not a "fair" market. However, we have a choice. Be in it or not. I still choose the former. Have a good day :)

JMartinez, Please read my post again, and slowly.......you totally miscontrued it.

JMartinez, Yes, obviously. What I'm saying is how do you penny in an automated fashion, without entering a limit order. Many market orders that come in, never make it to the book, so there is no "programmatic" way to detect it, and hence, no way to counter with a front-running pennying...

Don, We all have such programs. However, on detection of change, is way too late. The order (front-run) is already done, by the time your/my program detect the change. Unfortunately, there's no way around it, unless all order are required to "touch" the OpenBook before being...

Hi Don, How do automated programs penny on the NYSE ? There are no Level 1 API's to the NYSE Open Book (which is on a 5 sec delay anyway), so how are you suggesting that this is occurring, if in fact, it is ? Thanks !

Yeah, my profits way down too. The spreads are too damn tight, and since we can't short most of these puppies, it has been difficult. Hey, can you call my wife and let her know it's not only me ????? :) I'm looking at TA and eminis, and doing mostly paper trading at this point. My initial...

Hey NBBO ! It hasn't been pretty, but I've been sitting on the sidelines a lot the last 3 weeks, which translates to poor earnings. I've also been dabbling with eminis the last week or so. Totally different market from what you/I are used to. Market in a major corrective...

For fun, I coded Igor's cracked formula up in WealthLab, drew requisite LL levels, and applied it to the dow-mini (YM, 1 minute bars) from 3/12 - 3/19. I couldn't make heads or tails of how to apply this towards trading at all !!!!! If I'm missing something, and someone can help me understand...

I 2nd Aaron's comment. Wealthlab provides an entire framework for this type of trading. You can then focus on the application specifics and not worry about the system logistics. Well worth the $ 650 license fee, and they have awesome support.

Thanks, nutsneal !