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Here's an interesting item from The Journal of Modern Methodology "90% of all traders lose money." and this "10% of all traders are scalpers." also interesting "100% of all traders had at least a small paper profit at some point in most of their trades." And finally "These...

right, my software draws them too. But you have a choice where to draw the beginning of the move from. How do you decide? The session low? The significant low in the last n minutes? My way of just the low on whatever chart I'm looking at? But I don't like to fade anything, so I would rather...

Also, What are your guidelines for the low and high? Do you use time? Like right now as we speak, I have the same 904 as the low, but that is just because it's the low right now on the 3 min chart. When and under what circumstance do you go back and re draw a new low? Thanks again, as...

man, that one's spooky. Everytime this comes up someone asks, "Are professionals watching these numbers?"

oh ok, I got you. Are you buying them on the way down? or do you wait for them to break back up through? You're trading 61.8 and .5? What about 23.6 and 38.2? What happened to n channels? You still trading them? Can't believe you of all people would ever be happy trading retracements.

jp4, you have a low of 904 and then a subsequent low of 906.75, than a line connecting them labeled 61.8. That is what I'm not getting.

breakout my friend, That is exactly the concept of target trading (one of my other brilliant ideas). I started a thread about it, and traden4alpha supplied the math, and I have been pondering the dead end he called "the death spiral" ever since. But the concept is, looking at the big...

well. so much for that move, if you want to try it at home, I guess you have to redraw from a high of 913.75, unless anyone has any better ideas. Breakout, I'm not understanding where you get the 61.8 from low to low on your chart?

breakout, Here's something I was thinking about for daytraders. Your first trade is 1:1 and you hit. Now is your second trade 1:1? Or since you are already up 1, does that make it 1:0, and if you hit again, is the third trade (since you are up 2) now 1:-1? But to answer your question, of...

Well I wish I knew how to delete posts. I've got a whole bunch of them I posted that I wish I could delete. Most of them have something to do with a great new way to make money.

It's more like 905.9 something on my chart. At any rate, it keeps you out of all that crap up there at 910. Or if you are in there, you are long from 905-906. So to get in, once the retracement is broken, you just set a stop at 23.6% and hope foe the best. You need enough money to keep you in...

If you were trading fib breakouts today, you would have used 905. After the high at 909, then a dip below 23.6% or 905 sets that up as the new breakout level. You trade that till you get burned and then move down to trading long breakouts at 38.2% or 903. Or you can redraw the high and start...

How come you get to post wisecracks on my thread and I can't post them on yours? No you got it backwards. They set the markets up to look like a flower petal. So, if A=B, and B=C, then A=C, That means if the math (A) describes the flower (B) and the flower is the same as the market (C)...

breakout, That reminds me, they are also in my opinion better than n channels for breakouts. But what do I know? If the same guy is taking the other side of my breakout trades, I've probably put his kids through college.

The other "Fun with Fibbonacci" thread was too long and too long ago. So Friday 12/6 you had a move in es from 894 to 909 int the morning. So you draw a line from the most recent high or low on the chart to the lowest or highest trade. So the line is from 909 back to the low of 894...

Got in on that early bull move, so I'm funnin with Fib. Here's one, see if you like it. When the market has moved in your favor the distance of your initial stop, reset the stop to 61.8% of the move from the current price to stop. For instance, if your initial stop was 2 pts, and you now...

delete your cookies. Pretty nice free 15 min delayed. Live is $45 or something per month. A possible economical choice for backup quotes but no bid/ask. Free 5 min charts go back about a week and are all session. Not subscribing presently, but have in the past, and they are good...

no, it's for electronic. Pit traded is hmuz and electronic is CIPT. Not sure if it has anything to do with java or it is a separate feed for pit trades and electronic trades. Probably electronic bypasses something pit trades have to go through.

yeah if you can walk away with a full point using mkt orders in aht, you are doing fantastic. Thanks for the update. So I guess there were 6 bids at 907.50 when you went short? What's the average max number you think you can move at the screen price using mkt orders?

It's interesting to think about. If SP traded on globex 24 hr, what would happen to emini volume? Where would you trade 5 emini contracts? 1 big sp or 5 little? That's why I think if it ever happened, brokers should offer 1 thru 4 at the going rate, but groups of 5 should be the same as one...