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secxces, I don't have a clue what he is up to. I do know who taught him most of what he knows and he has put this into the system along with one other's input. In 20 years there are only 2 other traders that I have met who can scalp as well as I do and one of them trained this programmer how to...

Nick, that's what I found too. However a key for me was rolling a trade from one timeframe to another i.e. letting a trade run a bit longer. I don't scalp for a target profit, but try to identify the strength of each move and run with it.

Nick, spending 20 years working down through all the timeframes has made this transparent for me. Incidentally, I seldom have time on a chart now, it's just the price that I'm interested in.

yea but the longer the timeframe the easier it is to judge the signal - that's why scalping is considered the most difficult trade to master. Wouldn't the greatest competition be at market open for equity traders?

trade4success - interesting point - but I don't believe you. However I don't dismiss your opinion - so prove it to me. I've traded multi million $ positions in one stock and I now scalp futures. Trying to get in/out with $50m is competition. Trying to enter 10 lots on the ER2 ain't anything...

bighog, interesting observation because it did affect his health. Pekelo, in your example I'd be the better trader unless the market moved from reversal to reversal without any internal waves. My profit would almost always exceed yours by a very large margin after slippage and commissions.

I would have posted this earlier but I had a system conflict. This is typical of the auto system and I could post day after day of this stuff. I've told him it's good enough to release and he can then release an upgrade to satisfy his perfectionism, but the boy thinks he's almost there and wants...

Hook N Sinker - you missed the point but you are correct, 100% is impossible. The point is the swing from absolute high to low of the tradable wave. The shorter the timeframe the more waves appear that can be traded. The shortest I can go is a 3 range chart, so if the YM moves 4 points from a...

NihabaAshi, lol, but a very good point. However this guy has been working on a black box for some time so I've been keeping tabs on him and his results have been consistent for many months. His selection of the past 3 days is only representative of the consistency of his methodology - he's...

A friend of mine came up with this... did a quick analysis to determine what I already knew in my head. Scalping definitely generates more Net Profit and for anyone with a calculator it is a no brainer. The following is a table from the analysis. The analysis was taken from the day...

No surprises here. When I started in the City of London in 1986 I was a kid intimidated by the culture and reputation. But what I found amazed me - an old boys network full of "traders" who couldn't cut if they were thrown out. The only trader worth his salt is one who doesn't care if the...

ESSENTIAL TRADER SOFTWARE Daytraders put heavy demands on system resources and are under constant threat from bad guys. Here’s a list of programmes that I have found useful or essential to keeping my PC running fast and well protected. Many of you will find you PC runs faster, safer and...

Steve46 - is there a video/dvd available?

Bigalow is a trader, Nison is not. Biglow's book is excellent and gives an in depth understanding of what is going on in the mind and emotion as represented by the candlestick/pattern. All the important formations are discussed in detail. Nison also gives an excellent explanation of the...

Huh? Seem like just another day to me.

yea I understand blackbeard. But you can still use it to identify the trader/s whose style compliments yours and pm them. That way you are not talking with traders that you later find have nothing to offer that enhances what you do.

A dog. Only a dog will understand you after you have locked yourself away for several years to study.

My suggestion for blackbeard and anyone else who is interested in this kind of relationship is to download the free standalone EChat from Ensign (unless you use Ensign - then it's part of the software)... http://www.ensignsoftware.com/download.htm This will allow you to... 1. Post your...

It would help if you stated what you trade, your trading style and timeframe.

100% in 4 months 7 trades per day 7 trades X 5 days X 4 weeks X 4 months = 560 trades (ignoring the missed week) So I can make 100% in 560 trades assuming there is no compounding. The margin of profit on each trade is so thin this is like building the World Trade Centre on an ice...