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No JB. There is a JB who used to trade, and legitimately ran some serious profits in the bubble before it burst. I won't say any more about this person than what was related, nor acknowledge = decline any further guesses. He is out there, peddling some legit concepts that many traders right...

<i>"They put 500 on sale and are now sold out in 3 days."</i> Just curious, and I couldn't stand not to ask any longer... why is their offer limited? Why only XX number of packages available? What if I was the 501st order to be placed? Would my credit card decline with an apology? If an...

"i have one trade setup that has a 3/1 risk/reward ratio it also has 90% (no, that is not a typo) winning trades WITH that risk/reward ratio... that's positive expectancy. which is the bottom line" More than 90% of all emini traders who try to win that ratio for one calendar year or more...

Longs are only foolish when they keep pressing upside into a downtrend. Right now, longs are printing money hand over fist. They will continue to do so until this crystal-clear uptrend ceases to persist. At this moment in time, replace the word "longs" with "shorts" in OP and it 100%...

Well, I watched Larry Williams eat intact light bulbs, twice. Not sure if he ate the filaments too, or just the glass. Spent a fair bit of time with Tom DeMark back in late 2001. Most of it was a casual setting over dinner & drinks. If you've never met Tom, picture Robin William's mind...

Spent one night in jail with <b>Rennick</b>: he was held pending bail for thrashing Neil Diamond (something about flirting with Mrs. Rennick) while I had been mistakenly charged with hunting bears out of season. Charges were dropped after pleading my case in front of the judge that bears are...

At first I didn't take this thread seriously, and still have my doubts. However, there is one thing I know for an absolute fact: any reliance on "liquid courage" to cope with any aspect of life will lead straight to AA or total disaster, if not both. I tried drinking & trading for two...

Backtesting either visually or by computer assumes all trades are fully filled at every signal. In reality, that does not happen using limit orders. Especially in the ER and YM, limit orders will partial fill or miss filling altogther quite often. This week alone, I had several ER trades...

<i>"10-27-06 09:10 AM That's nuthin'. Several vendors here never/rarely have losing trades. You can buy their systems for $6000, or sign up for $500 a month. And if you don't achieve their results...you didn't follow the system!"</i> Yo Wayne, where can I buy a <b><u>system</u></b>...

<i>"if we close higher today i quit"</i> Even if you are long from the lows to the highs today?

<i>"Impossible? I say not. Just don't complicate the search. If you get up to 100 million say, and lose it all, think of it as only losing 5K. That was your risk. The rest is the house's money."</i> Uh, $100 million is more than the total market-cap of most companies that double in growth...

<b>Hydro</b>, I believe we will see the day when America is no longer the second or even third largest Superpower nation. Our USD will likewise be a second or third-rate currency, too. Corporate earnings and stock growth mean absolutely nothing if the consumers' negative cashflow jams the...

Back in 2001 - 2002, margin requirements for ES was $5,000+ and NQ was $6,000+ if I recall correctly. At the time, I was trading OEX and SPX options as 95% of my volume. It was rather something to see index option trades going +100% to +300% intraday, or within two - three sessions. I recall...

<i>"Hum, you should have been doing that a month ago."</i> We were... lots of it :>) Short side and long side both worked intraday until the recent levitation began. Since then it's been 90% long side trades making money. Same story every day: buy S1 or the daily pivot and hold for at...

There are pull backs to trade almost every day... this is so much like late 1999 - early 2000 that it's hard to believe. Today was no exception: price action gapped up, sold off below daily pivots, crept back up on top of pivots as usual, buy the pivots, let 'em ride, cover for a bunch of ES...

<i>"I came to the conclusion that no one here bothered to properly test their theories out. Just a lot of single examples without any sort of <u>solid statistical support</u> to back up the idea."</i> Statistics... you can prove either side of a discussion with statistics. I would say it...

<i>"But to make the leap to calling it "impossible" - well, I disagree. I've seen quantification at work in many applications that is very, very impressive as compared to human judgment "by eye." Fletch"</i> Agreed completely. It is possible to code most parameters of a pattern setup...

<i>"If you drop back to my first post and look at what they wrote you will find that they are sadly unscientific in dismissing anything they can't figure out an easy way of measuring."</i> Wholeheartedly concur. If the book dismisses all TA functions that cannot be clearly defined and...

Rule #1: <b>The trend is your friend. Follow the trend</b> Many if not most retail traders try to be contrarians, i.e. timing the market turns. Think there's any correlation between that act and the failure rate of this profession being what it is?

<b>option</b>... nice self-portrait... you are one sexy dude! :cool: