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I know you are correct. It is just that for a few years I was a MM on the CBOE and we tried to do as many conversions and reversals as possible. It was really "free money" if you could get a credit. No capital requirement, and no risk. So to me, bullets seem simple. Yet I have worked with...

Perfect!!! :) Bullets aren't that complicated, but the truth is, as you say, it just doesn't matter.

Good luck. You are on the right track no matter what happens. If it works, just keep looking for similar set ups. If not, go on to the next "observation". The only thing that sounds tough about this one is the complexity. But I know that is more a factor of the description, and not the actually...

I guess we agree on just about everything. Maybe it is because we have both been doing this long enough to know that, as you say, "filtering out the noise" is what it is about. It seems that you just develop a feel for the market. You recognize what is working, and use that while it works. When...

I hope you read what I said about looking for "tells" in the thread "TA and common sense". Look for repetive action/patterns/occurances of any kind. See the end of the last post in that thread where I talked about "tells". As for what it is a "sign of", the reason doesn't matter. That what...

Everyone has their "indicators" as to when to trade and when not to trade. If someone felt that Fridays' price action was not tradeable for them, then for whatever their reason, they just should not trade. I have very strict rules about when not to trade. Some are just a matter of time...

See to me, this makes sense. It also sounds a lot like what I do, which is basically trading relative strength. To me, that is what you are defining. Whether this is how you think of it is another matter altogether. So maybe sometimes difference are really only in the semantics. RS7 (really...

Just to clear something up.....I DO LOOK AT INDICATORS! I am not trying to debunk TA here at all. I only find that I make my trading decisions on too much input to really make a list of. I think that is the difference between myself, and what I (perhaps unfairly) consider to be a TA trader...

Yup, well said!

You show great promise..the "tight stops" and the "focus" are very important. You have what it takes...in one word, DISCIPLINE! Now you just need to develop feel, which comes from experience. Just keep an open mind, and adapt to what works and abandon what doesn't and learn from your mistakes...

No, not really. But I am always open to new ideas and I know I can alway learn!!!! If you read my "successful trading" thread, and my posts within it, you would know that I am not a believer in systems, so I wouldn't be looking for something I don't believe in. However, I am a believer in...

are yours previously worn? do they have your personal scent? is it the smell of money? will it enable those who wear it to get swarmed by all the hot babes in the singles bars? will it get you "comped" at the Olympic Gardens for a lapdance? will it get me a fast marker at the Venetian? or better...

well at least you have proven you have some common sense! you had a reasonable excuse for your subesquent actions (don't know what lead the cop to hit you though). trade555 has no excuses for anything. but it really doesn't matter, because the whole story is most likely a total fabrication. do...

You obviously have not read anything I wrote unless it was a direct response to you. If you had, you would know that I do not "prefer..moving averages....endless stat searching" etc. Just the exact opposite. But I guess it is easier to just write than to actually know what you are talking...

OK, this is what I wanted to hear!!!! So what is it specifically that has seemed to work for 6 years? (and I understand that there are always times that nothing seems to work...that's ok..I will be trading for a long time to come...I have time to ride out the "bad stretches) Thanks, RS7

Ahhh.. Keep it simple...this is what I am trying to do. But I am having a hard time keeping it simple and trying to understand "violation of this multicolinearity rule" and such. Why stochastics and not MACD or RSI (put these in any order you wish) As far as your 8 rules, thanks for the...

Explain the difference to me....or better yet, never mind. Thanks anyway.

I wrote that assuming that nothing works continuously...that traders have to adapt. Is there some TA trick that has always worked and will forever?

Publias, as you know, I am a pretty simple minded guy. I do not pretend to know TA "like the back of my hand" as the next guy talks about. I simply trade on relative strength and momentum. Simple example (don't take this to mean this is exactly what I do all the time...and I will make the...