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I am against the war. It is becoming more and more obvious that Bush wants to keep the people 'entertained' so that they forget about the economy. Saddam is not a bigger threat to this country than he has ever been, so why is this issue so important now? Sounds very fishy to me...

What's the link to #IndexFutures? I have not heard about this site. Thanks, wally_

That's what I thought. You may want to extend your system to buying or selling at 10:05 depending on the market conditions. I suppose that today you went long (you bought) at about the top of the breakout range and the market turned down. About 10:05 TICK and TRIN were suggesting a short...

Gee, that's too much today, yet another post disappears, this time in response to inandlong. Is someone doing this on purpose or what?

Indeed, my goal was only to put it in yet another context, I thought it would be helpful. BTW, some other post of mine did not get posted here, don't know what to think about it. It was in response to QQQBALL's post. Well anyway, I am going to bed now.

Jeff Cooper's book is only $100 and can be bought for less if you buy it used. It is relatively inexpensive compared to much of 'literature' of the same genre out there. It is a good book, but I would rather check it out from a local library than to buy it for $100. Or you can buy it from...

Substitute 'hot sexy babes' for your elephants and you will know what I am talking about!! :D

Using Fibonacci retracements (FR) for stop-loss placements can be useful or for entries on pullbacks if you believe that the original trend will continue. You could then add to your position or exit it if you see any signs of weakness. This complicates things a bit, but I would say (just as...

The strategy is simple and that's a big plus. It's been only a month since you started using it so it's hard to say if it will work in the long run. Did you backtest it? I would not trade a strategy that was not backtested. Of course, the fact it worked well in the past does not mean it will...

And what's the usefullness of it, if you could possibly elaborate?

I think it's good in the long run. The old generation has to leave, it's time for new thinking, it's time for changes.

I don't know if it was mentioned here yet, but Vic Sperandeo, one of my favorite authors of trading literature and a very good trader started his career as a speculator by playing poker. He was pretty good at that as he mentions in his interview with Jack Schwagger in 'New Market Wizards'. I am...

You can also use trendlines for timing your entry in this setup, it's particularly easy to go short or long when the TL is retested on a pullback.

That's correct for the breakdowns, and I presume that you mean the false breakout bar. For the breakups, you would use the high of the false breakout bar.

Good observation. Read his books, at least one of them. He talks about the TA stuff in both of them so reading only one should be enough. They can probably be checked out from a good library or ordered via interlibrary loans.

You should only compete against yourself. [B] Doubling $3000 can be easy and at the same time proves nothing, unless you can do it consistently every month using the same starting capital, that is $3000. [B] I agree, except that they are not real traders but mentors. Trading is not...

One thousand million dollars and 44 cents.

Hey, you have a problem with my Ph.D? It can be checked... unlike the crap that you are trying to sell so badly as the next revolution in financial markets. Apparently it does not work that well if you need to add Galileo to it. But since he is dead, he won't get a heart attack... You are...

Galileo had no notion of equivalence of inertial and gravitational masses, it was introduced or rather suspected by Newton and used as the basis of general relativity by Einstein. It is commonly associated with his name now. It is a postulate that is very well confirmed experimentally. Applying...

I appreciate your pointers.