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FYI on picking bottoms and tops • "Don't bottom fish" - Peter Lynch. • "Don't try to buy at the bottom or sell at the top" - Bernard Baruch • "Maybe the trend is your friend for a few minutes in Chicago, but for the most part it is rarely a way to get rich" - Jim Rogers. •...

I just came across the following article (The Myth Of Tight Stops): http://www.dacharts.org/archives/Stops/The%20Myth%20Of%20Tight%20Stops.mht

Recently, I came across a very successful counter trend day trader that averages about 500 ES e-mini contracts per trade (his daily goal is about $100K), uses wide stops, and is not afraid to average up or down; however, his method is proprietary. He turned a small account (less than $50K) to a...

Thanks!

I skimmed through the thread you suggested and it was an interesting read and I will continue to follow it. My strategy is somewhat similar; however, I’m flat by close of business. Additionally, my targets are dynamic. It takes a lot of patience, capital, and guts to swing trade this way. I...

Thanks for the link. I'll check it out.

If you don’t have any constructive/serious comments please don’t post on this thread. :mad:

When I first started to trade this method I had 30 consecutive winning days and over a 90 day period only about 5 losing days. To date the revised method I’m trading has produced 4 consecutive winning weeks. I believe I have discovered an edge (I see price react to it everyday) however I’m...

About a year ago I (a newbie) developed an ES emini day trading method that seemed to be effective. As a result, my account grew consistently for about three months. However, as I began to trade more size and started to read more about risk management, to reduce risk, I began to tweak my...

These changes may be the death of tick charts, because more than likely the aggregation method will change again, and again... More importantly, back testing a trading method using tick bars (based on inconsistent data) just got more complicated.:(

So, if your setup uses tick charts your screwed:D .