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While on the subject, here is another NQ model (daytrading) that I use. This model looks for the opposite situation of the other model, so they are (virtually) mutually exclusive. Again, the drawdown is a little steep (it actually occured after 10 trades).

I actually trade 5 ctxs since this is a daytrading system. Yes, it's got drawdowns, however I take the good with the bad. The system does well historically, so I don't complain. The correlation of my models traded is very low, so while this single system did draw down, others usually make...

A solo trade today over four emini systems I watch (2 nq, 2 es). Went long at 1112.50, just to watch a a nasty 17 point drop over the next 1/2 hour. Fortunately, closed up ... made 9 points on the trade. No complaints here. Keep up the good work ... really enjoy reading your journal Ed...

After having the pleasure of meeting a fellow ET member local to my area, Ed and I wanted to extend the invitation to other ET members. From this, we tossed around the idea of forming a local club that focused on frequency of trading instead of the vehicle traded would be beneficial. Ed...

I have been persuing the path you are on for quite a while and have obtained best results using price patterns and intermarket relationships. Look at what effects a security ... for instance, the SP500 futures ... what could effect this? The Dollar, TBonds, Euro? What drives the index to...

Just subscribed last week and can't find it. Guess I'll have to wait until Tuesday to give tech support a call. Please post if you find out the symbol beforehand. Thanks.

Again, $100 deducted per trade.

This is a refined version which has an additional "filter". Again, no optimization. There are fewer trades and less overall profit, however I personally prefer a nice equity curve. Again, $100 deducted per trade.

equity curve - $100 deducted per trade

Summary report - $100 deducted per trade

No stops are used. On just about every system I've tested, money management stops degrade system performance. The data period used is 30 min bars. Basically, the system looks for a chart pattern and executes a trade. Each day is treated as a separate event. I tested the initial system on...

Here's the equity curve:

NQ daytrading ... full or e-mini ctx. One trade/day max. Results are hypothetical ... watching real-time as still in probation period. This system is not optimized. Equity curve is fairly straight up and smooth from 1/1/97 to present. Results shown from 10/30/01 to present: No $ for...

I should clarify ... I did speak w/a few traders at the Bright Seminar. Three were fairly new (under 180 days). The other I spoke w/ didn't really have much to say. I got the feeling he didn't want to talk w/many ears in the room. When I was at the Echo seminar, I did get to speak w/a Bright...

To gather information. Talking to other people considering the career move ... talking to management. Talk to other traders. Compare notes with others and see what is truthful or otherwise. $1000 is nothing compared to the time and other expense of relocating to trade in an office or blowing...

Bright and Echo both offer seminars. I went to the Bright Seminar in Feb, the Echo in March. I learned a lot ... not so much what was taught in the classes, but the externals ... viewing the office, chatting with traders there, seeing how the "experts" interact with the participants, getting...

I, too, thought this was an important point when evaluating Bright and Echo. (IMHO), it isn't. You can join both firms for $25k (probably less with some negotiating and w/restrictions on trading). If you can't risk $25k, you don't need to be trading. While margin can help you make more...

I've gone to both seminars and decided to join neither company. The key distinction for me was what Bob Bright said on Friday night at the Bright seminar ... only be involved with something where there is an edge. Bob was a professional Blackjack player, traded in the options pits, traded in...

I'll be in vegas from Feb 21st to Mar 2nd for this. I'd be interested in meeting any others going to the Bright Class. Just drop me a PM or email. Thanks.

one more file attachment (sorry for the multiple posts, can't see to attach more than one file per post.)