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  1. W

    Pivot Points

    The pivot was @911.25 (to the tick) and the market stopped dropping exactly at that level. Also, the pivot R1 @918.5 was a good strong resistance after the market bounced back off the pivot and stopped advancing at 918.75. If you shorted at this level, you would have gotten 8-9 pts on the way...
  2. W

    The Importance of Simplicity

    Well, the question is how often do you get swings that violent as today? Probably not that often, so this does not have to be relevant. For a method to work it has to be selective, I believe. You cannot have a universal method for every situation, but you can have a bunch of them, each for a...
  3. W

    The Importance of Simplicity

    Natalie and Mike, I wonder if you guys have any statistics regarding the drowndown or, even better, the number of consecutive winners and losers. Today was a very wipsaw day if I wanted to use Mike's entry method (1 pt above or below the most recent high/low since the first half an hour) so I...
  4. W

    The Importance of Simplicity

    But as far as correlation is concerned, I believe (not tested on any reasonable sample) that when the stochastics in 30 min chart (say 15(3), 5) is above 70 before the session opens, it's more likely to get a down breakout, when the stochastics is lower then 30, we are more likely to have an up...
  5. W

    The Importance of Simplicity

    Thanks again Mike. I am also on the west coast, but being a very night person, I am struggling each morning, so I have to have a simple strategy because I can't think that early in the morning. However, I think it could be possible to make this system even better and only a little bit more...
  6. W

    The Importance of Simplicity

    Cool, thanks again. wally_
  7. W

    The Importance of Simplicity

    Thanks Natalie, I appreciate that. Did you do some theoretical testing as well? I am curious how the theory compares to real life. wally_
  8. W

    The Importance of Simplicity

    Thanks for your post. One of the most helpful I have found on this board so far. Now, I am somewhat surprised that you do not get even 2 trades on the average with your system. How often do you take trades depending on the time of the day? Do you have any statistics? Are the trades mostly...
  9. W

    The Importance of Simplicity

    Do you trade it using Tradestation Securitities platform? If so would you recommend them? If not, how do you do it? Thanks, wally_
  10. W

    The Importance of Simplicity

    And where is your stop-loss to begin with? Thanks, wally_
  11. W

    George Fontanills

    or buy his books from me. I will offer you a 50% discount, the books are like new. They are very basic, if you need a basic book on options, I would recommend it, otherwise not.
  12. W

    Bahamas

    Is it the only condition? I mean, am I supposed to prove that I have means to support myself while living there and that's it? And how do I prove it? Thanks. I appreciate your replies.
  13. W

    Bahamas

    And what you mean in terms of money? Are there any particular regulations concerning this? Could you point me to any website where I could learn more about it? Thanks, wally_
  14. W

    Bahamas

    I am not a US citizen, but would love to live there. What conditions do I have to meet? Thanks, wally_
  15. W

    Don Miller style traders?

    A new thread addressing fake gurus seems to be really in order here. And there are many of them... of really low integrity.
  16. W

    Don Miller style traders?

    Oh, yeah, for sure. Considering the price, he is just asking for it, but lower the price to say $300 and an incentive to copy them is not that high. That's what most others sell their stuff at: $200-300 and they offer some form of guarantee. Larry Williams sells his stuff for less than $300, as...
  17. W

    Mozart, Trading

    Apparently Bach has everything, or so was I told by a chick (a college music major) whose sister I used to date. Nothing came out of that relationship, so I still remain Mozart's fan... otherwise I would probably have to defect to the other camp...
  18. W

    Insider's Profit Matrix

    Is anyone familiar with that stuff. The only info I found on the web was at this address: http://www.webtrading.com/articles/leverage-24-15.htm TIA, wally_
  19. W

    Don Miller style traders?

    I would appreciate still more if you could be so kind: 1. What software is that? Trade Prospector? 2. Did you buy his CD or his tapes? Tapes seem to be more comprehensive based on what he says. You can compare the tapes description...
  20. W

    Don Miller style traders?

    Does the CD contain everything the tapes do? Thanks.
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