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I do feel like I am going toward the deeper side of the water and knowledge can only get me out so far then I don't know what's gonna help... Maybe a little luck :) But I think this is where I want to be. Thanks for the forewarning... I probably am underestimating the whole thing. :confused:

This somewhat summarizes my trading experience up to this point: 1) No amount of disciplines can help me if I am trading a losing strategy. I took a little time to test a few intraday discretionary trading strategies on the market and most of the results looks pretty bad in my opinions...

That depends very much on the win/loss ratio and commissions/slippage.

Agree. But I think if I visit your site a few months ago, I would have no idea what you are really saying.

Flash, I am gonna do this because of your dogged persistence. If you can keep your best setup as simple as possible (yet accurate) and you are not using lower than 5 minute time-frame, send me a complete descriptions. ONE STRATEGY ONLY! I will do my best to program it into TradeStation and...

I have just tested two emini intraday strategies on Larry Connor's tradingmarkets website using the past three years data on YM 5 min assuming $2.50 per trade one contract. These are discretionary strategies and I have to make some assumptions on how to exit a trade such as absolute profit...

Thanks for the insights. I am gonna try a few more things on the same theme... Still scratching my head about the asymmetric result.

Hi Dave, Actually I can get the accuracy way up but either it is not tradeable (too much open risks) or it doesn't generate enough opportunities... and I start to wonder if it is worth it. Just want to double check the result of the long side with you... I always wonder about the asymmetric...

That's what I heard 80-90% from people. I just cannot get anything close to that kind of number in testing. I do agree volatility filter helps and have yet to test with any pattern recognition but 90%??? (Of course, Linda is a great trader.) Do you find problem in profitability on the long...

I also want to say the 60% accuracy is actually way BELOW what I heard from other people so you have to take everything with a grain of salt. I learned my setup from a friend (a techie from MIT) and now I wonder how he tested it then again the market changes.

Yes, it's in her street smart book but also pretty much free on her website. You mean Larry Connors' vix... Thanks for reminding me. At this point I have not done anything with it.

I know I have recommended Linda Raschke's Holy Grail pattern a couple of times. It's because I know someone who seems to trade it profitably as a first pullback strategy. Recently I have done some testing on setups similar to it and looks like it's accuracy is around 55-65% for the past three...

Keeping the next trade in perspective of all your many many trades. Does it fit your overall strategy? 1) If you do this type of trades all day, are you gonna make money? "Damn! I should have taken that trade!" Again maybe not, are you gonna make money over the long run by keep doing...

For those who's been asking... Terry has recently posted the formula for Magic T Short Range Volume Oscillator at his website for Marty's fans: http://ttheory.typepad.com It used to be available to the subscribers of his newsletter. Now everything is free... both his weekly newsletter and...

Hi et, I saw that lizard book in the bookstore... In regard to chasing the market running up with gap up. Certainly runaway gap can be an indicator as mentioned in Marty Schwartz's "Pit Bull". However I don't really trade morning strategies most notable put out by Kevin Haggerty but...

I have the similar weaknesses... As I mentioned above, I think part of my problem is that I focus on the wrong thing: trying to make money... :(

Perhaps a partial answer is: Sometimes you need to hear it from someone you trust (did not ask for the money) and respect... One single piece of advice I got from my mentor friend: "The objective is to trade the setup and not trying to make money... If your setup works, over time you will...

I am rehashing some important topics in the book for further discussions. Sitting on one's hands and getting rid of marginal trades test one's honesty and clarity. When and how did you start doing that? Our ego's needs can be hindrances. How do we address them? Here are some of the...

Gann is an interesting fellow. At the first glance, the evidence would have him as someone selling mythology (most of his stuff can't be serious)... but then I look again.... I like a thing or two... but still no logical basis why they should work nor historical evidence for his stories... and...

Marty Schwartz said: "Do you rather make money or do you want to be right?" There are always the risk of losing money and the risk of feeling stupid. Lao Tzu prefers stupidity over exposure (exposure can get you killed).