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That's the same thing I mentioned with a little polish. Any shell account will work just fine, and you can get one with a good amount of bandwidth fairly cheap.

You're slightly confused. First, there is a big difference between SSL transmissions (such as what is used if you did online banking), and wireless encryption. If you were at a hotspot, they probably don't have wireless encryption anyways, so yes, all your traffic is out there for the taking...

I get what you're saying. From what I gathered, they were only trying to affect 0.1% of their users (who probably account for several percent, or more, of the total usage). If they keep it at 250gb and never move it up, as streaming HD becomes more popular, they'll be affecting a lot more than...

While I am against this, to be fair, 250gb a month is a lot of transfer. That's 8.2gb a day, every day, for a month. There's very few legit ways to use that much bandwidth for a month. edit: To elaborate, a common HD "hour" (40 minutes without commercials) TV show is 350mb. That would equate...

Comcast does (ie, has admitted to or has been proven to) "filter" some traffic, by means of delaying packets and shaping traffic to cause some P2P protocols to be less effective. Financal data streaming is a drop in the bucket compared to someone downloading DVDs every day, and wouldn't be...

Considering he's pulled at least one off before, I doubt he's blowing smoke. I'm sure he'll say what it is after it sizzles out.

Ah, you're completely right.

HolyGrail, I believe you may be mistaken about box size on YM. I think that thesis used the ES. Point for point, if you used a 4 point ES box, you'd be looking at somewhere around 40 YM points. Please correct me if I'm mistaken.

You'll get killed in chop. Go ahead and try it if you want, but I highly doubt it would work.

You could have a set t/p (at like 1.5-2 times risk?) for half. Once that's hit, move your stop loss to break even on the other half (so your entry), and either trail it like you do, or grab another 2-3 points).

Mind delving into details? I'm interested.

I think volume may have kept you safe today. I wasn't trading p&f live, but everyone who likes trends and breakouts was hurting today. We were in a nice channel until the end of day (the SCT guys must have loved today). If you had a magic indicator that would keep you out of chop markets...

P&F is not timeframe dependent, but yes, it can be used to trade ES/YM intraday.

HG, I know you're getting plenty of ass-kissing, but thanks again for spending the time here explaining your methods. It's simple as hell (learnable in a day), and very profitable.

Mind providing the link?

Very clear. Thanks a lot. edit: Your JCG trade looks great now :)

I understand what you're saying, but I don't think I was clear. I attached what I was meaning. Where do you move stops after you're in the black? (assuming my chart if right.) Also, are all exits "stop outs", or will you have pre-defined exits?

Thanks for adding this, I was interested in what you'd say about profits on that trade. Do you use trailing stops with your stop moving to higher low method, or either-or? Also, getting away from the method a little, could you ballpark the risk you take per trade (most interested in intra-day...

Let me make sure I understand the concept fully. You could also put in an order to go short at 24.00, as that would be a sell signal. Correct? (And if one order is placed, cancel the other, I assume.)

This is all very interesting. I've never taken the time to learn P&F, but I think I will now. Thanks.