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thanks for your post and your book list Ed is not a "hero" by any stretch however he is a good trader who can teach all of us. You stated that Ed "never seems to display'' arrogance. Some of the Elite Trader veterans have their own private opinions that might differ. ATR is pretty...

nice post and I agree 100% I look for "specific behavior" or "tendencies" towards such behavior in stocks, and the following are some of the criteria - low shares outstanding (less than 50 million ideally) - sudden huge volume (compared to hum drum every day volume) - "B" or better...

by the way a little birdie tells me that Seykota employs all time high strategy of course the 25 year old career day trader crowd never heard of him TASR hit "all time high" in the $8 range in August of 2003 who got on board THAT train? ASKJ hit it in the $5 zone in Feb 2003...

thanks easyguru not much else to be said on this thread

dude you just signed up on this board today can you say "Pump and Dump"

yeah since its a bubble we should stay away from it lets see, MAGS 12 to 40? nahhh, stay away, its a bubble

DUDE do you think stocks shoot up like that on no reason except euphoria trend followers dont think, they just do remember do remember to sell thanks, I will try to remember that good luck my friend

gonna keep this short and sweet and not respond (to much) to the naysayers, and the "bubble" guy, but thanks for talking abot the size of my balls :) ATR is Average True Range most people who are thoroughly studied in Techinical Analysis have a grasp of what ATR is as far as the other...

I simply cannot get into all the backtesting details and fine-tuning that I have learned, the hard way (as most of us have), over the last 7 years, in one post. Simply put, I eyeball chart patterns and look for good group strength, amongst other things good luck

my scan returns a list of potentials then i eyeball the charts the charts that look attractive, I check for IBD group strength, etc in today's hot day of computer this, computer that, and pre-programmed systems sold for $2000 bucks in the back of magazines, I subscribe to the old...

yes i backtested it and trade with this system only "flat base breakouts" some of it involved eyeballing the chart back-testing aside, you are not raining on my parade. I am up by 100K cash in 2 weeks in MAGS, and about 50K in IPIX using a flat base breakout system not much rain here

nice post Have you looked at a 10-day EMA as a "trailing stop" point? just curious

good points about exits the turtles (if you care to read about them on originalturtles.org) noted that "trend following" required sometimes watching a 100% gain retract 20, 40%, recover, then continue the climb. this does take some huevos. Turtles, Van Tharp, Seykota, Schwager, O'Neill...

I am not paying the rent with my trading. That helps emotion-wise. So at no point do I "have to" find "bottle rockets" I have a scan which I created which searches for breakouts. I am not a fundamentalist but if you call "shares outstanding" and "group strength" a fundamental factor, I...

I use stockcharts.com and scan every night the NASDAQ universe. I am in IPIX also, in at $8, as a result of this scan. IPIX is now $15+, in one weeks time good luck I don't use candlesticks, Elliott Wave, I dont day trade, nothing like that. Trend following, based on price action...

Glad to see how "picking it is the easy part" I let the stock take off (or not, if I dont show a profit immediately I usually close out the trade) then a few days later place a trailing stop at 2X ATR

bought at the breakout at $12, after "new 60 day high" and "at least 3X average volume" scan returned MAGS as a contender that was March 16 my stockcharts.com scan done at night on March 15, showed that MAGS traded 1 million+ shares that day, with huge price move. Prior ave volume was in...

Where can I find (online) a database of all the US based FOREX brokers? I don't know if FOREX brokers need to be registered with any govt. body but that information would also be helpful thanks!

Just curious I see quite a few posts about daily tick data, real time quotes, "platforms", etc. It seems to me that day trading is a lot of work and trend following is much more effective. I just can't see how daytrading JBLU (for example) would be more profitable than simply buying...

The first books a NEW trader should read are Stan Weinstein - Bull/Bear markets William O'Neil - how to make money in Stocks (good idea to at least see his views on fundamentals, whether you use it or not is up to you) Nick Darvas Jesse Livermore Market Wizards 1, 2 Pit Bull...