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tom_p: “I was envious when I read your excellent post.” Thanks a lot for the kind words, tom. And thanks to Magna, michael, DATT, and the ever helpful tntneo and WarEagle for each of your individual responses, as well. I appreciate all your comments. “I desperately need to...

tntneo: “When I use discretion it does not take long for my fear to screw up my trading.” I can relate. I’ve tried very hard to remove any possibility of my doubt or greed altering my trading by making what I do as automated as possible. At this point, though, I see great value in the...

michaelday: “I will now try to outline one possible S&P emini trading strategy and if you could give me an opinion about it.” Sure. I just want to mention that all of my comments are filtered through my own preconceptions regarding the market and, therefore, I may see difficulties where...

tntneo: “…my setups are automated…” Don’t get me wrong; a lot of my method is automatic in the sense that I rely on a set of concrete rules based on indicator readings and relationships. I use “indicator” in the broadest sense of the word so that it encompasses anything a...

GNP: http://www.elitetrader.com/vb/showthread.php?threadid=881 GNP 2: http://www.elitetrader.com/vb/showthread.php?threadid=1400

Magna: “Without giving away any proprietary secrets, would you please discuss your style a bit more.” I’ll take this off of Hitman’s journal since it is his forum and not mine. http://www.elitetrader.com/vb/showthread.php?s=&postid=22932#post22932

Second chart:

Magna: “Without giving away any proprietary secrets, would you please discuss your style a bit more.” I think candletrader’s statement below comes about as close as possible to idea behind my style of trading, except that I’m looking for what I'd call “daily base hits”...

Nicodemus: “The worst mistake you can make starting out is jumping from one strategy to another, from one indicator to another. Decide on something and stick to it.” The man knoweth whateth he speaketh of. As liltrdr suggested, there is certainly value in examining many different...

Redart11: “Is today (Oct. 18) a frustrating day, or a trader's "paradise"? It is not a strong up or down day. It is a "narrow" range bound one at the moment (1:00 pm eastern)” I didn’t have difficulty with today but that’s not meant to imply I’ve not had difficulty with...

Hitman: “I really wonder how many people trades full time and only takes 1-5 trades a day?” I trade full time. I trade for a living. I trade intraday. As I’ve said before, I rarely come across more than 5 good setups in a day. I may actually execute more trades moving in and out...

I run J-Trader under 98 and ME with no problems.

Dustin: “When I buy a trading book I hope to get just one new idea out of it. Steve has brought forth that new idea. I don't care if he made money with it or not, because that doens't mean I will have the same results.” Not to mention the possibility that while a given idea may not work...

DAN34: “What is the best unit of time?” If you’re asking which timeframe is the best, I’d say that depends on the trader. I’m not sure that there is a “best unit of time”. “Which are the best hours for trader?” I find the majority of my profits are accumulated...

Locals are short-term traders in the pit. Think of the locals as market makers or “hit and run” artists. They’re there to provide liquidity by capitalizing on short-term movement and/or making the spread. The locals will run the market around in the absence of dealer (institutional houses)...

I have most often heard Variation 1 quoted. Below is a link to an explanation of how to trade using pivot points. http://customtradingsolutions.com/pivotpoints/files/Pivot%20Points%20User%20Manual.pdf

Variation 1: PP = (H + L + C)/3 R1 = (PP*2) - L S1 = (PP*2) – H R2 = PP + (H - L) S2 = PP - (H - L) Variation 2 (same as Bob's): PP = (H + L + C)/3 R1 = (PP*2) - L S1 = (PP*2) – H R2 = (PP -S1) + R1 S2 = PP - (R1 - S1) Variation 3 (courtesy of El Cazador): PP = [H...

Dustin: “it can be extrememly useful...especially if you are a scalper...” As I’m not much of a scalper I decided to stop listening. I found that when trading for longer swings it got in the way and became more of a distraction than a benefit. It was most useful to me at the open...

michaelday: “Which are the leading indicators: eminis or full size contracts?” If your asking if the large contract leads the Mini or vice versa, then my response would be that the locals and the dealers in the pit control much of the direction during RTH. Of course, the same locals and...

I have an ATHM cable line and I have not experieced any problems either, although I'm not on it often.