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The market is choppy because the range has been smaller for the last few days. I believe that tomorrow we will have a breakout, I guess to the upside, but don't quote me on this. :cool: Or we may get one more day of choppinnes. But, you were right taking money off the table, it never hurts to...

A better, more agressive entry was around 2:10-2:15, with a clear bearish TICK divergence and TRIN rebounding from the oversold position after hitting lower BB (5 min charts for both indicators), also you had a clear 1:00-1:55 bearish stochastics divergence on 5 min chart. But you would have to...

I will talk more about it, thinking about a web page to share my thoughts about these things so that may take some time, but will happen sooner or later. I promise. The thread "Should you trust your system?" will be delayed by hopefully only a day. Too busy and too tired right now, almost a...

Excuse me, do you need a poll to find this out? I don't. He has posted on this board the same thing under at least 3 different sections. To me it is a spam. And it takes forever to download his website. What a waste of time and space!

Don't blame yourself for this, sometimes you win, sometimes you lose, sometimes you break even. I employ the same strategy to trailing stops, after 6 pts in my favor, my stop-loss goes to +2. Correct, but you may want to check out my last posts in the thread 'The importance of simplicity' to...

Well, I did not know that it was such a foreign concept on this board. I once tried to do it though, but somehow did not succeed. Anyway, because my time today is limited, I will not elaborate on it right now, but I believe that if you know what Fibonnacci retracements (FR) are you will...

Here are the days this November only when this pattern occured (the retracement to 61.8% level within the first 30 min bar) and could have been profitably exploited with 2.5 pt stop-losses and at least 6 pts of profit: 11/18, 11/11, 11/07, 11/06, 11/05. That's 5 out of the last 12 trading days...

as this is is the simplest way to extend your 30 min breakout system so that it scores points also when in its original form it is not capable of doing it or at least not capable of doing it well. My crude observations suggest that pullbacks of this type happen at least 25% of the time for...

Certainly a very good idea. I did not realize that this thread became so large. I promised to contribute some of my thoughts to it in a more complete form, but still did not find enough time to do this. I feel guilty about it, but I am too busy working on both some of my mechanical systems...

I for one had no success with the system because I did not use it, but still voted 'none'. The poll needs to formulated in such a way that there is an option for those who did not try his system but cannot resist to vote anyway.:D

is only $795, too much anyway, but not even close to 160 ES points, unless you meant 16 ES pts.

Of course, there are some limitations. The most important one is a mental limitation. Jack Schwagger says that he is a system trader because he cannot handle discretionary trading. Just not cut for it. Some others are not cut for trading at all. Still, their methodology can be sound. My main...

I will keep an eye on your journal and your progress. I like your Method #3 too, might comment more on it tomorrow, as I have just realized that it is close to my thinking, but in a somewhat different way. However, the idea is similar. Have a good night...

Examples, please? Never did well with anything smaller than 2.5 pts, prefer 3 pts at least, 4 pts just in case. 6pt stops don't bother me when hitting bigger runs. If you have stops that tight you end up with more trades if only because you are stopped out too often.

It's not the same Gary Smith, I guess. Thanks, anyway.

Interesting, I did not know that one.

Good point, it applies also to ES.

1. Do you have any statistics showing how these methods work for you? 2. What do you do when the first 30-min breakout happens in the area of S1 and it's downside; you have a little problem here, so which method do you use then? 3. I am sometimes peeved when a reversal happens before S1 is...

Good, I like the first two of them, don't know what the third one is. You are right: they are not new and by no means fancy, but I would not use it against them. I will comment more on them or ask more questions, but right now have to leave. Keep it up.

Is it the same Gary Smith that wrote 'How I trade for a living' or some other Gary Smith? I guess there is another Gary Smith too. Where is his website? Yes, simple trendline break systems can be effective too. I often look at trendlines if I do not forget to draw them, once used a breakout...