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So, am I to understand that you use the Gann lines to both enter and exit your position or only to enter and your exit is determined in some other ways? Also, where can I find any good literature on Gann's methods? Always willing to learn new stuff, even as esoteric as this one. Actually, I use...

I agree. My favorite of all times.

Kidding, of course. I prefer to be called a speculator and I agree that it sounds sort of quaint these days, but I like it.

It really does not matter how long you trade, but whether you make money month in month out. I do not take more than 3 trades a day, not even every day, so I cannot say I work as hard as those who trade all the day, but sometimes I have to watch the screen all the day even if not very closely...

Of course they do unless they trade purely mechanical systems, but if you trade in a discretionary way you do predict. Say, you see a bullish stochastics divergence in a 2 min chart. What do you do? You go long because you anticipate the market to rise. You may of course argue that you...

so early in the morning (8:30-10:00 EST)? Stocks, futures (rather doubt it)?

I am considering getting TS6 exclusively for ES trading. Could someone tell me how much they charge for using TS6 with the RT ES data? Is the access to the past intraday data included in the price of RT data or will I have to pay extra to do some backtesting? TIA, wally_

Hi, How would I play it? Stop-loss:4 pts (initially), target: 10 pts. I would move to BE after 4 pts in my favor, after 6, I would like to have at least 2 pts in the bank, after 8 pts at least 4 pts, but could settle for 4 and 6 pts after 6 and 8, respectively if I noticed that TRIN and TICK...

solving this type of puzzles. I don't know if Einstein really had anything to do with that. Read some books by Polya to get an idea how to do it. Anyway, I used to play with puzzles like that when I was a teenager. I am too old for that now...:cool:

In the thread Nitro referred to, I mentioned the reversal times I use for my trading. Today the bottom occured @11:15, very close to 11:30 that I use to pinpoint the market turning points. You could see a stochastics divergence in a 2 min ES chart at that time that would inform you about the...

I do have targets for my systems, but I also have stop-losses. I think the latter are more important. My targets are: 6 (first) 8 or 9 (second), and whatever I get with an MOC unless the stop-loss of 6 pts is triggered first.

Yes, I got. No problem.:)

Sometimes I do not care about it. My systems tell me my entries and exits, so I sometimes even do not watch charts at all. That was some experimental chart, not something I really use.

Only one thing: some people asked me in the past to post the charts of what I was talking about and it just happened that on Dec 20th there was another example of the same pattern that occured the day I was talking about bouncing off that magic number. I have at least three different types of...

As far as I remember, not even once, in other words: all winners. I do not follow that very closely either because I do not always have a chance to use it. Only if I have a contract or two free, but most of the time this is not the case as they are taken by my regular mechanical systems.

The daily data was for a completely different system, not something like this. I feel happy for you that you have a daily data. Feel great. I do think you deserve it. I did not have it at that time and still do not have it, but backtested that system using other data that I got. If you think...

See it attached. The dashed lines are PSAR lines. The color lines are some MA lines.

Attached is the picture of something very similar to what happened also the day I wrote 'So we bounced off that magic number again!' Find this thread to see what I meant and how open-mindedly (should I use the word 'mind' here at all?) it was received. Then the 61.8 % FR within the first 30 min...

fine for me today. I don't trade stocks so cannot help you out with your problem.

this system is and how consistently profitable. Just curious. It's a simple system from what I see and so I already like it. :)