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Sorry for any confusion. I'm trying to not compare myself to Woody because I don't think he's a profitable trader and I don't think any of his students are profitable, either. No offense to any fans.

I wish I could do that, but I see this situation all too frequently. You would have been stopped out. How do you set your stop loss? edit - and the slope was shallow when this trade began ;)

Hmm so looking at the slope of the WMA... Right now I'm using discretionary definitions of "steep slope" and "shallow" slope. This is just right now for initial analysis and obviously is entirely unacceptable in a mechanical trading system. I'm hesitant to quantify the slope of an...

Really? I was thinking 500 constant volume charts on the YM was too fast. On the NQ I have to use 1100 to get a similiar-looking chart. How would your scalping method have done on the 4th chart I posted above (the one called "Large profit opportunities do not always follow PBP")? It's...

Here's my daily performance since starting this method. Re: the huge loss on 5/16. Options were expiring this day and I'm told that this is a bad day to trade. I assume 1 tick commission per round trip (YM) since 1 tick is $5 and I think it's like $2.35 per side or something to trade the...

There are no partial fills when I'm trading 1 YM lot, either :D

Here are some things I've been thinking about: I am getting hurt here in choppy areas. Take this for example: (in all pics here the thin line is 240WMA and the thicker line is 17HMA. The candles are colored according to the slope of the HMA, I just left the actual HMA visible so I could...

Nootropics?

Honestly if I had enough money that I was getting $100k in dividends in a year, I would just retire. No need to day trade or do anything else. Maybe day trade a small account for fun if I got bored.

Agreed. I've been more profitable over the past 2 weeks of paper trading than ever before.

Not sure I understand what "INSIDE BAR" means. Are you talking about those vertical bars in the middle?

Is there a trick to picking a good number for Constant Volume charts or do you just experiment until you find something that makes obvious waves. For example, I arbitrarily picked 500 Constant Volume charts for looking at the NQ, and it was all choppy and messy. I changed to 1100 constant...

cabletrader is obviously a shill for telepathy :p

According to their website it looks like you can only backtest their $DEMO data and not real data. But I think I'll still download it to get a feel for how it works.

Wouldn't that depend on the stocks that you're looking at?

So it sounds like I will start with NinjaTrader because it's free. And Amibroker emailed me back and said their free demo lets you backtest, too. Which of those two is the easiest to code/use? My coding experience is 1 year of C in college, and 1.5 years of some proprietary BS language at...

$1400? Is there anything less? I saw tickdata.com or something said they sell 1 symbol of data for $20. Is their format compatible with all backtesting software?

Sorry I'm new to this backtesting thing. Do I understand this correctly that after I buy backtesting software I then have to go buy data from someone else? Are there any compatibility issues between certain backtesting software and certain brokers/data vendors? In what format is data...

^ Nice job. Today was a wonderful day for this method.

In for more info. Are you still using this system? Did you figure out what was going on? I'm manually backtesting stuff right now and it takes forever. I'm also looking for some good software (that is reasonably affordable) to backtest index futures with 1 min and volume candlestick data...