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The market will tell you its direction just play your set ups. How is the 5 point stop working for you. It seems a little tight for 1 hr charts?

Since the system only gives the direction not the magnitude of the move you'll have to have the same stop as your target. If you want to make 100K per year you will have to risk $2500 per trade. That is assuming 200 trades per year 120 winning trades and 80 lossing trades. You would...

Bullshit I say Pure unadulterated Bullshit. There are only a handful of traders on ET who would be able to prove that they are consistently profitable. Even really stupid people would realize that good old Doug is looking for profitable traders. 180 replies. Not a chance. File as...

I keep hearing I missed this entry. I thought that slowing down to a 5 or even 15 minute chart might help. You get the same set-ups eventually.

Yes we think we know what we know And We’re under the impression that we know what we don’t now But the problem is We don’t know what we don’t know. As far as the obvious goes Just look over your own shoulder and see if you can’t see what it is you are doing that is...

A little light reading for you http://www.blackstarfunds.com/files/Does_trendfollowing_work_on_stocks.pdf

Some things to consider about trend trading: The market only trends about 30% of the time; You make 90% of your money on 10% of your trades You don’t get in at the bottom or out at the top. Watching paint dry is exciting. Your call.

Get a margin account

Well first off you should figure out the law. any customer who executes 4 or more round-trip day trades within any 5 successive business days 4 trades a week: With that system you should be up to 25grand in no time. Then on to futures and your first million. Whats that you say...

Print Screen button and Paint program.

And the alternative is?

You have to decide. You can take small bites out of the market every day or you can have a gourmet meal once a month. Keep your losers under control, not your winners.

Moronic?? Say What? I got the same problem; Big Snow and damned cold.:( Elder in his book was referring to the Pit traded S&P contracts as opposed to the e-mini ES. It's been a while since I read the book but I remember him saying that you'd need $250,000 to trade one contract and...

Not only size but also ease of execution.

I think Elder was referring to the Pit traded S&P not the electronically traded e-mini

Even simpler would be to give the drugs away. Who ever wants them can have them for the asking. Then run your extensive ad campaign explaining the dangers and downside of drug use. If there is no money to be made from pushing drugs, who is going to push them? Look at the money that will...

If you really want help I'm willing to help No Cost The catch; You have to do all the work. You can start by telling me why you are not making the money you think you should.