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The overlap is COMPLETELY relevant. Here's an example: if market opened up at 900, traded flat until 10:30, then ran to 910 by 10:35, I could list the following trades: 9:33 L 900 (+10) 9:35 L 900 (+10) 9:38 L 900 (+10) 9:43 L 900 (+10) 9:51 L 900 (+10) 10:04 L 900 (+10) 10:25 L900...

That's besides the point. Your first few trades overlap, you exit the first two trades at near the same time. You can't count that as 6pts/contract total.

You got 11 pts/contract by netting out the winners and losers (+3, +3,+3,+3, -3.50, +3.50, +3, -7, +3 = +11) didnt you? Were the first 3 trades 3pt winners each or 1 point each?

Umm, how can this work out to 11 points/contract? Your first 3 trades captured the same 3 pts of movement, can't be counted as gain/contract :)

On the 1-min NQ, you just saw a head & shoulders play out, with stops run to the downside on the neckline violation @ 885, then when ES (which is the weaker sister today) didn't confirm that downmove, those playing the H&S got their stops triggered and hence the spike up to 889. Dangerous stuff.

This is definitely an advantage to your timing system -- keeping the majority of trades early on while your mind is fresh, and by forcing you to trade less as the day goes on, it keeps suicidal trading to get back losses to a minimum. I was skeptical about how the entry time spacing could...

Not really, what I'm saying is that you need to at least recognize what part of your system is giving you that edge, otherwise you will run into problems adjusting that system (position size, stop ranges, etc). Now that the discussion has started wading into "fading your own indicator" and...

Ctrader's post that I quoted and your reply seems to imply otherwise. And you're right: it's the discussion following which is clarifying to me that there really isn't much of a system going on here. Sorry I might have read some of Mcal's trading posts as your own -- but re: SAR trades, why...

Sorry, just want to clarify Quah -- you may have some edge in the way you read and trade from your indicator, but I don't think this edge can be emulated by others.

Let me get this straight :confused:: So now not only does the indicator not matter, it's possible to be profitable even if you take the opposite of what your indicator tells you, since when you lose on a trade, its ok to double up and reverse no matter that your next signal is not for another...

I thought it was the only people who say that about trading are the ones who can afford to. :D

Where do the japanese trade 10-yr?

Would Iraqi govt load up on equities futures, short oil and treasuries in advance of that announcement?

Someone with 1MM flailing about will probably make 10k a week on pure luck, which doesn't help you at all. Learn to be consistent, start with attainable goals (2%/day, perhaps?) and be patient. Once you start to "get it", the gains will come, and then it's just a matter of keeping position...

IMO wanting to be always long or short a market is one of the best ways to destroy your account (and your sanity). If you're not a market maker, floor trader, or specialist, then there is no reason for you to give up the one biggest advantage you have over those traders mentioned -- the ability...

The limits at IB have nothing to do with the account value. Seems like you have to declare over 300,000 in net worth to even trade more than 10 contracts -- kinda silly.

So they don't mind if liquid assets suddenly jump a few orders of magnitude over a period of a few weeks? Just want to keep my trading size comparable to total equity.

What's with IB's contract limits?

No one said your method is wrong -- I just think what you're attributing to your success may not be what you think. But when you make statements like "who cares as long as you make money" -- well I would care, if someone is making money and I want to learn from that method, first off I would...

Then what's the point of posting anything on ET? So we can all just praise each other's methods while asking no questions or withholding criticism? Why are YOU here Quah -- if you're making money with your system, then what is the point of posting here?