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How do you dare to tell your fellow traders that the stuff that is as basic as what your dear Ed Moore sells is worth $2,500?!! And according to Cathy he used to sell it for $7,500 just a few years ago. Why do you think he lowered the price that much? Does not sell well, right? Yes, I am...

Most of them have absolutely nothing new to say, so charging over $100-200 for that is outrageous. I suggest that you check books out form your library. Use interlibrary loan systems for that if your local library does not have what you need. Most books are not worth their price after you...

Good post...

has defined what it means to be successful in trading. If all you need to be successful is to make money consistently (say each and every month), then it's not so difficult. Anyone can do it, most people fail though, sometimes at first, because they really have unreasonable expectations, both...

I agree, yet another poll that makes no sense whatsoever...

The tests presented in this thread do not confirm this, that is, as far as profit is concerned. However, if you want to minimize drawdowns, 3 pt stop-loss is better.

Thanks for your time. I appreciate that. wally_

And I thought that I was being paranoid about my systems... I was even feeling guilty about that. But I was right, as I see.

No, not at all, the close is usually not equal to the sum over the closes of the last 26 15 min bars divided by 26. If the bars were all closing at the same level (say 900) then their sum divided by 26 would give you the close that is 900. Otherwise, this can happen in only very special...

My request: could you test the breakout of first 30 min and first 60 min bar assuming the stop loss of 7.5 and the target of 1% of SP500 value at the time of the trade (rounded to the nearest integer) or MOC if neither the target or stop-loss are reached. And alternatively, 9 pts for the...

I would tell you even more, but then don't want that much trouble:D But I think I should really admire his chutzpa. He dared to sell that for $7,500. Geez...

That's my type of reasoning, from first principles, and the numbers are close too, 6 vs 7.5 and the results, I guess, better than for other parameters. I knew that smaller stop-losses are not always the best solution. Incidentally, I noticed that 7.5 would work too for my systems, but had...

I believe many people have very similar ideas independently. Sometimes they are really very simple. I will have to see this book, I'm interested in the implementation of the idea, because when it comes to discretionary ideas the implementation (how you use it) seems to be as important as the...

Very smart, you saved a lot of money...

What if you had a 6 pt stop-loss and MOC exit? I use it in one of my systems, works good, perhaps it would work here too.

So you can sell books based on that. :D It's called a TICK divergence and yes you can use it, but even better along with TRIN even if TICK is more important.

I meant Todd Mitchell and I have no personal opinion about him, except that he seems to be honest enough to offer a full refund guarantee.

Find my thread about Ed Mitchell and read all the posts in there. You will find more information about Ed Moore and you can still find even more by doing search in misc.invest.futures. Use Google Groups for that. My personal opinion: avoid if you can. :D

Very good observations. I was not watching the market past 3PM very closely because I was done for the day, but to me it looked like a sell-off around 2:30 even if yesterday I was more inclined towards a positive close on the morning dip, but that was not what the market was telling me about...

Sorry, that's not true. TICKs over pm 1200 are very rare, in that they do not happen everyday, may happen once a week or so. TICKs close to 1000 are not so uncommon indeed, you may expect them every day. The more volatile the market, bigger swings, the more likely you are to get bigger absolute...