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I'm having great experiences with the modern Tradestation system. They are even offering to waive all platform fees for the life of the account (!) so you just pay for data and commissions (~$3 per mo & .001 per share).

Update... I'm still stalking my prey. RIMM has surprised me with holding the double bottom despite BAC and the rest of The Market puking out longs over the past week. RIMM appears to be ripe, just totally ripe for the upside. Everyone I mention it to is disgusted with the thought of buying...

I've been playing with the various stock picking tactics to see if I can catch the tails of superstocks as they launch out of consolidation patterns during the third wave. Surprisingly, many of the things I look for on the chart coincide with the CANSLIM system: cup and handle breakout is...

This is fairly tricky. I haven't decided yet what exactly is a "buy signal" because good trades just blow through any signal I could concoct, so they are a small matter compared to getting the overall setup correct. Jeffrey Kennedy (The only EWI representative I consider helpful in my...

An expert driver in an average car will blow away an average driver in a fast car, if the average driver doesn't spin out and crash! You, the professional, know that the tires are the most important thing on the car. They must be changed regularly. And get this - an average driver with a...

Much lower risk can be realized when entering on the lower order third wave inside that fifth, than fading the preceding fourth..... I made this mistake on my last trade in this journal: fading the fourth wave. I may need to see a guru on hypnosis and / or meditation to practice visualizing...

Only you can know. Everyone's answer to the trading riddle is different. You like that brain teaser above? Do you know that trading is a losing game and a certain anonymous (successful) trader once said: "Never let The Market prove you wrong, only right" - in other words, don't stick...

OK. :) The Market is all about risk. You capture the risk premium that hedgers pay for certainty that they will be immune to price fluctuation. You take the other side - sailing on price waves - fading human fear and greed - a student of humanity and a practitioner of behavioral...

Thanks for the links. :) As for "why wave 3"....... about a year ago during step 6, after letting my EW consciousness lapse and just focusing on buy signals, I did a study of all my trades superimposed over the SPY. My win rate with the general market trend (for long option position trades...

I understand what you're doing for the most part, but what is the meaning of the anomalous OFV that tends to appear right before The Market gets a case of chop?

I really appreciate the (constructive) input. As you can probably tell, I'm an amateur. :) And I LOVE the long term charts. Thanks for the insights. The "tight" stop is something that would have saved my account several times in the past. I actually considered it a bit loose on this...

And for something totally different, consider RIMM, the disaster chart, the management shakeup, the investor sentiment at an all time low. And guess what - sentiment is typically at an extreme during wave 5, wave B, and wave 2 - all part of the basing process of a major trend change. Here...

Good evening, my Elite Friends. Monthly equity curve update for your enjoyment. The account, normalized for deposits, is up 7% for the year but I trade my worst when I'm high on a huge tail event. This is my #1 problem. I'm surprised none of you busted my ballz for not waiting for a buy...

Does yours? -8% since inception in an up trending market....... :confused:

Interesting strategy. Buying on horizontal support & trendlines?

Long BAC stopped out for 4.2% loss @ 9.28........ The good news: no slippage whatsoever thru Tradestation for an order this small. The bad: The Market has taken disciplinary action against me for not waiting for the full setup. :D

Where is Grand when you need him. We have no more contrary indicator.

Harvesting usable energy from noise is an engineering challenge. I tried back testing reversed trend following signals on noisy price charts and got mixed success. The best range system I found was a bollinger band fade, but it was very sensitive to slippage effects. The only robust range...

The chart / mood feels very similar to late 2010 when all bears fought the tape with passion, and got obliterated by The Bernanke.

I agree. Plenty of successful discretionary hedge fund managers (Soros, Rogers, Tudor Jones). :D