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2% net weekly on a 1MM account is fabulous; 2% net weekly on a 5k account is barely beating out commissions if you trade more than 5x per day. Averaging 2% DAILY on low 5-figure account is definitely within reason if you really have an edge to exploit that has good risk/reward ratios --...

Ok a good place to begin. First off, why does a 1.25 move in the other direction increase the likelihood that an additional 1.25 move will occur and give you a b/e trade? Just because the previous trade was a loss? Why does having a losing trade allow you to increase your target profit for...

I was in the same boat as you in dismissing this system as completely random, well, bs, but it was upon further thought that the merits of the system became apparent to me; they just might not coincide with what Quah had in mind is all. I guess being too quick to dismiss a system as worthless...

By just simply sitting down and really analyzing what his system entails, how it affects one's trading habits, and what end results his system involves beyond the total profits which may or may not come . Going through this thread, you'll find that many others have already done just that, in...

Forgot to mention, the 5k --> 15k being achieved with lot sizes starting from 3 progressing up to 7 (I suppose using up to 50% of one's maximum daytrading buying power for NQ via IB margins).

Where can one expect to meet slippage due to size if the average trade is lasting between 3 and 15 minutes, each trade varying between -2 (for stops) and +10 NQ pts, with all entries being countertrend limit offers/bids (picking reversals)? Where would you say size starts playing a factor? 50...

Let's not go overboard either way please. It's funny how someone comes and posts a few days worth of results and suddenly it's the greatest thing for trading since real-time quotes. If you think this is the most valuable system ever developed, you need to expand your imagination a bit (like...

Wups, sorry, went back to first page and saw a some serious posting, didn't mean to be so flippant. Just seeing the fibo's being applied to 1pt es moves is what made me grin (whatever works tho, profitseer, can't argue with hard profits!) :D

This is a facetious thread, right? :D

You are able to get buy/sell signals in the first 10 minutes with those settings? I get blank for the first 30 minutes of day unless I use a 2-day chart.

Forgive me as I am rusty on my parameters for stochs: %D =? %D slow =? %K =?

What are the exact parameters again? What's the stoch settings and what is the trigger?

daniel, I was beginning to wonder if it was just me who was confused? Am I making sense here? I was just attempting to carry through some of the same doubts earlier posters had but who seemed to be convinced now (J Commisso for one), and to clear my own head. I'm not on these boards just to...

Yeah, gimme a chart of NQ and I'll tell you what I would have done as well, no BS! :) You said yourself that you don't read stochastics like everyone else with no exact triggers, and you obviously have some discretion with "NOT TAKEN" signals -- seems it would be quite easy to BS your way...

Ah, the joys of retrotrading. As long as it works though, right? :)

Oh boy . . . :D

The bottom line is that you cannot have gross total results = per contract UNLESS you are only net long or short 1 contract thoughout the entire day. At any time if your position increases to 2 or more contracts, the result cannot be called per contract.

But you're saying if I'd bought that 10 lot 1 contract at a time, 10 secs apart, then it would count as 100/contract? :D

By your reasoning, if I'm long 10 contracts at the open, sell them for a 10 pt profit at 9:35, i can list each contract as gaining 10 pts and saying by net result PER CONTRACT = 100? The example I gave was a bit extreme, but if you're not exiting your trade before the next one is taken, you...

Are these results you're posting backtesting results or actual trading results? I would assume that looking at your P/L statement at the end of the day you could tell that you weren't netting 11/contract. It's nice to try to keep things simple and all, but even if the system is simple, I...