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I think you are either not choosing your words correctly to get your point across or you are taking inappropriate risks. You should ALWAYS adjust your trading size (position size) based on your account and stop placement. This is Risk Management 101. For example if I have a $100K acct and...

Assume they ALL get filled and then check the market at least a few times a day. Then adjust by adding new orders if some of your orders did not fill. If you have a system that produces so many opportunities for you to trade then missing a few if they do not fill is no big deal. People that...

I agree. I can not prove anything but i suspect that he is the same person posting as "tradingjournal". They both seem to always post more bearish stances and post things after the fact. They also both seem to post around the same time of day and color their rhetoric much the same way by...

See my post of yesterdays chart with discussion about Diamond pattern and the H&S top. This is just an update on that. LOL...:D

Yes. I didnt just pull this out of my hat just now. I have been using this chart for the last 3 years. I have not been trading for 20 years but it certainly would have done well with only minor whipsaws. However, I do NOT trade monthly charts. I trade weekly and dialy charts. I just posted...

Seriously...I could show you countless charts that show MONTHLY, WEEKLY, DAILY all BULLISH. In fact here is a simple yet effective EMA crossover I use for MONTHLY charts that has been EXTREMELY relaible over the last 20 years. Have you been this accurate? Notice the SELL signal in 8-2011 and...

I know he's trying to look smart by vocalizing every twist in the market and act like he knew what was going to happen. Obviously I like to see higher highs and higher lows. But when i see higher high and then a lower low I think of 1 of 3 things. 1) trend line break 2) megaphone or...

I dont know why you dont just use simple math. Give yourself limit to have at risk at any one time. I use 2% per trade and 6% MAX at risk at any one time. Just look at your # of shares multiplied by your stop loss price and subtract that from your acct value for that position. That is how much...

I'm not getting in a pissing match with you Unicycle. I'm telling you how I see it and many others I know see it. The people on ET can determine for themselves who has been right in this market and who has posted info that is actually productive to trading. I dont make my trade decisions solely...

I would have to interject that P/E ratios mean virtually nothing in my mind. If a stock has a low P/E it is either hated and undervalued and ripe for a rebound or a shitty stock. A high P/E would mean either highly desired and people willing to pay up for it or it is over valued and ready for...

Many would view them as continuation patterns...Yes a continuation of the current uptrend. We will have to agree to disagree then. If it is a reversal pattern then I think most would view it as a H&S type of pattern as the uptrend forms the Left Shoulder and the "diamond" forms the head and...

Thanks for the kind words. i know its not polite to pat oneself on the back but I couldn't resist. May I suggest starting with stocks or ETFS as I think they ae easier and the trends are more obvious. I think futures are more difficult but maybe that's just me. I have had more success with...

Kudos to you Wide Tailz! That is the exact question we should be asking. A traders job is not to PREDICT but to get in a move in whatever direction as early as possible. The key is to not be too early and to minimize his risk if he is proven wrong.

Just checked this thread I started back in 12-11 for th efirst time in a few weeks. Actually YES I have tested my system and it is very profitable and this is the basis for my current system that I trade. As an aside it looks like my BEAR to BULL call was right on the money. Reading my...

WOW,...less than 2 hrs and 15 min and already taking credit for the "diamond formation" mentioned in my above post. You realize diamond patterns are FAILED megaphones right?....They are continuation patterns. Are you now amending your bearish stance?

Realize that patterns are just that PATTERNS. They only give you an indication of what COULD and OFTEN TIMES DOES occur. It is not a definitive predictor. Just like dark clouds tell you there COULD be a storm coming. You never know until you start to see/feel the wind blowing and animals...

I see this as well and you could even make out a long term multi year down trend. But we just have to watch for when this MIGHT come to be true. As we know there are many uptrends within bigger downtrends. You just have to choose which trends you are going to make money on. I choose to follow...

Here is the chart,..didnt post on last reply.

Here is my take on the current price pattern and Megaophones. I think the market wants to go higher despite the garbage spewed by the Unicylce. See the MACD on the chart. If the MACD curls lower and gives a sell signal and approaches the 0 line I will be MUCH more bearish again and would...

I do take some credence in megaphones but not as a decision to go long or short. I posted a thread back in 10-2011 about megaphones taking shape and possibly predicting a downturn to 1005 in $SPX...