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now that's the best thing I've heard in a long long time. Maybe ever. That's what I'm talking about when I say thinking right. Thank You marketsurfer, hmmm, I can feel the crossed wires in my brain straightening out already. Well said.

Maybe it's semantics. I know this, if you add up all the moves on one side after time irregardless of entry, they usually come out to zero minus the spread and commissions. And that's all I'm looking for, something that will give me a fair 50/50 chance. The entry supposedly gives me the edge...

and I've got a million of them. But after a while they form a sort of strategy bag. And it's been home home on the range trading now for quite some time. And a sustained range is a trend.

it's not just an entry, it's a move. Channel to channel. 10 pts a day is not ridiculous, but that's about what you'll lose if not more when you get caught. So it becomes a matter of how many days you can go before you get caught. I have grave doubts whether it is even possible to read the...

me too, but larry, didn't you say you dropped 70% trading a straight crossover? nothing different can happen until something crosses something. fast ma crosses up over slow ma but can't hold and crosses back down=take a look at selling the next break. The weakest bears have just given you...

nihaba, when I replaced the bands with channels, that's when this setup really started to click. It started when I realized no matter how wrong I was on direction, I was always less wrong when I entered fading a channel. Then it was just a matter of setting it all up. And as I don't need to...

If you're going to average down, that was your strategy to begin with. So...you started off with very small size, much much smaller than you would on your normal trade. And you have a target in mind. And that target is not breaking even. Woe to him who puts on an upside down pyramid and...

Ditch, This is about all I trade. I have 3 setups in the system. You will lose money over time using fixed stops or targets. You gotta make that move from channel to channel pay. It takes a lot of faith sometimes. The stops will kill you. The biggest long term problem is getting caught in the...

In an uptrend, the move from the new high channel back to the ma is the easiest to trade. The new line is set and they send back the weak and the wounded to the ma for more buyers. It's not really a fade, it is just an ambush of a very weak and defenseless march on supposedly safe captured...

The overnight session was originally set up to teach new traders how to use MACD. When the class is about ready to graduate, you can set up your favorite MACD and watch it go in a perfect smooth curve all the way from one end of the chart to the other.

nitro! SOMETHINGS WRONG! I just checked and they are trading ES right now in the middle of the night! You can buy the bid and sell the ask and pick up an extra tick. I guess that's night pay differential. What am I gonna do if I win the lottery? Just for fun, wait until 2:00 am and sell...

60/40, 60 is taxed at long term cap gain rate/40 is taxed at short term cap gain rate you are correct, for the same amount of money you have more leverage with options and complete limited risk many if not most prefer the futures to the options due to the absence of time premium and the...

Tide, The one that cracked me up was one day I'm working on some system, who knows what it was, probably fading a Bollinger Band when Rsi was falling or something. And I am really working hard on figuring this system out. Then the market ticks up or down and I just without a thought hit the buy...

Lets see Oct 1987, I was long as long could be S&P and with what margin money I had left over I was long the KC Value Line. Thank God for silver and Swiss Francs. I would have bailed, but it was too exciting watching the quotron to see if it could go 3 digits on the Dow. Worrying about...

Now it's all starting to make sense. After reading my two posts, it is obvious. I need to figure out where I put that Tao book and see if there is something in it. I didn't make one lousy trade today. From the opening bell I could see the way the whole thing was going to turn out for me. It...

Here's how it all started. I am fitfully sleeping after a peaceful day in the market (or was it the other way around?) At any rate, I hear this clear voice say "profitseer, check your email" Now usually I have about 15 emails saying someone has posted to a thread I posted on 3 months ago...

I've been reading it. Just a couple of more chapters to trudge through. Between all the boring stories of his psycho patients who are afraid to kiss because they've been raped, he tells you about his trading "secrets" like watching TIKI. Trader wannabe who hates his secure life as a doctor...

T=Transmit Q=Cancel X=Close Position B=Buy Market S=Sell Market U=price up one tick D=price down one tick M=increase size (more) L=decrease size (less) Y=move buy stop down 8 ticks (opposite of red) R=move sell stop up 8 ticks (R is because sell stop is red) C=buy bid (call) P= sell...

well I see we finally got rid of those pesky bean traders. Their forum has been closed and is now the exclusive domain of the white shoe index trader.

Here's what I did. Trade one contract always in with mkt orders. I'm talking flip and reverse. About 7 or 8 rts back to back, then take a break.