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I find the 20,3 useful, especially in a non-trend day. If the market corrects downward after a nice move up (2 hours or more) and touches or comes close to the BB it's highly probable the market will reverse on that touch or at least give you a tradeable bounce off the 20,3 BB. On non-trend...

I programmed a volatility indicator that's based partly on the ATR. The ART by itself isn't a bad tool. When this indicator is rising, or high it's more likely there won't be a trend. When it's low or falling it's more likely there will be a trend. The market can switch behavior in the...

That's IF they have a parent that cares. I've seen many cases of home schooled kids who didn't learn jack. "Ahh...let's do this tomorrow." It's pretty hard for a parent to get their kids to sit in a chair for 6 hours per day studying and learning. Parents don't have the level of authority...

In this particular case I highly doubt this is true. So far this only qualifies as a market correction. The markets haven't fallen enough yet for the PPT to get involved. A Greek collapse may be an event that would require them to get involved and I suspect they have the ability to assemble...

October is right around the corner.

The number 1 issue for this election is jobs. Jobs, jobs, jobs. Obama needs to be on record as doing something to create jobs, jobs, jobs. This bill absolutely is part of his re-election strategy. I do believe his intentions are good and farther than his re-election but it is absolutely tied...

He recognizes it for what it is. I'd say that makes him pretty smart and forth coming. The taxes for social security were intended to be held in a trust account, not co-mingled in the general revenue fund. The social security system is pretty close to what Madoff was doing.

Correct. Obama can be compared to Carter more easily than Clinton. The President gets too much credit for a good economy and too much criticism for a bad one. There's only so much a Prez can do. Obama inherited this economy and there is only so much he can do but voters will pin it on his...

Ummm...this dude is batting 44% and has a 50% return in 2 months. A 100% win rate is impossible. http://www.elitetrader.com/vb/showthread.php?s=&postid=3294885#post3294885

There is a program in Chicago that does teach trading techniques but I wouldn't recommend it. You'd be better of getting a Masters in Mathematical Finance and then applying that to the financial markets. If you can complete this program (the second link) you'll have a tremendous edge over the...

People with addictions are still held accountable for their actions. If you get a DUI you go to jail: accountability, period. However, in this case the state fed these people foods that would guarantee they would not lose weight. They never even had a fighting chance. The obese people...

There is medically documented evidence that addiction to food is a disease of the brain the same way addiction to any other substance is. CAT scans and MRI's have proven that people with eating disorders have abnormal brain activity when they are subjected to things like sugars. <i>The...

Become? When was it ever NOT annoying?

You can do this in the US too. Choose your market. US, Europe, Asia. Whatever you want to do you can do. A decent prop firm will give you access to any market you can make money in. Some of them want you to live in that country, especially if you trade for a big bank, but there are...

There you go! Someone who knows how to use stops. If you keep hard stops close you will get randomized to death. Put a hard stop at your worst case scenario based on your risk tolerance and exit manually when the trade doesn't work. That! Is the recipe for success.

Not that I've actually been following along, other than to read the thread today, but let me see if I got this right. You disappeared for 2 months after posting an equity value of around 11k and now you're back to say you're up to 30k after 2 months of posting nothing? What you are posting, by...

A quote of 82% indicates the dire straights Greece is in. I highly doubt you'd actually be able to buy a bond at that quoted rate and if you could don't expect to be paid.

<i>The buildup towards a Greek endgame continues. German Chancellor Angela Merkel told Christian Democrats members that Greece would not receive aid payments this month, unless it met its obligations under the bailout agreement. This comes after Merkel's party suffered a historic loss in a...

Greece is trying to crack down on the VAT but it's too late to save the country <iframe width="560" height="345" src="http://www.youtube.com/embed/YsphucEWPjQ" frameborder="0" allowfullscreen></iframe>

Agree, which is the reason I used the word 'somewhat.' Truly arrogant traders are destined to fail but having a touch of arrogance isn't necessarily a bad thing. Confidence is a hard thing to acquire, however. It can only come with time and a travel through the University of Hard Knocks.