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I actually stopped by Woodies site the other day to see what was going on. He has really gone commercial. I think PFG must have bought the site.

Thanks for the hint. I will study it for awhile. Reentered at 12030. That opening move on ER2 was worth about $700 so I know you made out ok. edit: Stopped out flat on last entry. As I stated yesterday I move to breakeven after 10 pts. Could have had 2 10 pt. winners, hmm. Will stand...

Second trade. -5pts. Bailed when we dropped below 9sma.

I added to my last post to say that my charts start at 9:30. I had a zero line cross at the open and was looking for it to pull back to the 9sma. I think this is the only thing I am doing different that Trader28. I also wait for a pullback to 9sma to enter so I guess I am doing a couple of...

First trade this morning. +20pts YM. The only thing Im doing differently is starting my charts at 9:30. I like to see those gaps.

Isnt Harvey Houtkin the original Soes Bandit? One of the guys who started it all?

This thread is a good example of the main problem of learning how to trade. How do you know if anything works unless you do the same thing the same way for a statisically significant period opf time. This thread is over a month old and Ill bet not one person has traded the system as laid out by...

The system as first put forth seems to work fairly well for me on YM but I think the reason is that I have been trading YM quite awhile and know when to stay out. The early moves seem to be the best and a reaction move works fairly well if the range of the first move was decent. Noontime sucks...

Half the stocks in the dow are red. Time for caution imo.

Im using the defaults as per Trader28. I actually had two trades as I am using a 20 pt. target. First trade entry 12043 exit 12063. Second trade when it pulled back to 9sma again entry 12056 exit 12076. Wish they all worked that well. I am still on simulator. Just switched over to YM and want to...

Nice easy trade this morning. Never took any heat. (YM)

His book is selling used for 11.90. Usually not a good sign.

This afternoon:

Snarlyjack You might try waiting for a pullback after the crossover. This is what I do. This morning:

In my cash trading I will generally not let it come all the way back to breakeven. A lot depends on what I see developing. As I said I am sim trading this method and sticking to the rules to see what happens. My experience has been that 20 pts. is a very reasonable target for YM. The secret...

I just read Carters Mastering the Trade and he says that high premarket volume usually means the gap will not fill. Was not the case today.

I am using a 10 pt stop and 20 pt. target and go to breakeven after gaining 10pts. I have found most decent moves in YM average 20-30 pts. I dont usually lose 10 pts however as I will exit sooner but I have been trading YM a long time and am used to the way it acts. What I need is a way to force...

I think most sabotage comes from anger, not fear. You practice for days on end maintaining discipline and then one morning you do everything right but you still lose three trades in a row and you suddenly blow it. Has happened to me a number of times.

Oh. Sorry. I forgot you guys were watch ER2.

The last signal I see was around 14:05. What are all these other signals? I thought the signals were pretty clear today. I have 7 trades, 4 winners, 1 be and 2 losers. Total of 70 pts. YM. Unfortunately I am still doing these on sim.