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Don't make me laugh...:D

Thanks for your interest. Only one of my systems gave a signal today: -6 pts. You see, contrary to what some implied, I never said I made money every day. In fact, if you check all my posts you will see that I was honest enough to admit 12 pts losses in some days. Still, I also had profits...

I don't think it's contradictory. I am being contrarian by not using stochastics when I know it has a good chance to fail. You may not consider that being 100% contrarian, but I don't care, because who says that being 100% contrarian works better? Nothing works 100% of the time, so you being...

I will present a little 'lecture' on that because surprisingly enough this thing is still little understood and I even got some PMs from people asking me to elaborate on that. The thing is, it is really so simple that I never bothered to talk much about it, but kept mentioning it whenever it was...

Thanks... So I gather that you wanted to expel your little boredom by sharing your Webster resources with the rest of ET community. I guess, that could possibly qualify as generous, so thank you. However, when you start thinking (quoting Webster does not qualify as much of thinking, at least to...

superior to being 'insane'? See all this indicator (stochastics, MACD, CCI) masturbation. The people who do it believe it to be sane, I guess. They don't realize how distorted this can be compared to a simple price action. Incidentally, Fibonacci retracements I like so much are about that...

I guess that's how Don Miller does it, anyway.

The same I mentioned in the morning: 61.8 FR within the first 30 min bar. This time the drop was much faster and you could have scored even 7 pts. Did you? I am getting increasingly amused. If I were as smart (read street smart) as MM, I would be able to make a religion out of it. But I am...

You can have 3 MAs in SC. Even 4, one comes with BBs. Go to Analysis, Studies, then choose MAs.

I have a similar approach and use it with two of my systems. The systems usually do not give me more than one entry per day, sometimes less (at least for one of them), but sometimes I can get 2-3 a day. Yet, when the first entry is a bummer, I will not take another one if it happens the same...

Is trading in the afternoon harder or worse for any reason? There are some obvious reasons to trade in the morning (say if you want to trade the first 30 min bar breakout or if you trade mechanical systems-then you cannot choose), but is the afternoon time somehow inferior for your system?

You can get your data for $10 (?) from IB, get SierraChart for charting (works with IB's data feed). SC is only $40 for 6 months. Visit their webiste for more info. See the software section of this site for the link to the SC website.

That's a guaranteed way to lose more money. You should examine very carefully what happened today and why this happened. Only then you should proceed. Take a break, no reason to rush in. Take it easy. The market can wait.

I posted one simple technique that time and again makes you money even if not that frequently: 61.8% FR within 30 min bar. Today was another day that this simple setup worked and what's particularly relevant to this thread you could clearly define your risk within it. Well, as far as I am...

Sorry to hear that. Yes, you should stop when something like that happens.

You are right, risk control is easy in trading. In fact, you should not be trading if you don't know your risk and reward. There are easy techniques that tell how much you should risk both when it comes to a particular setup and to managing your money in general.

Yeah, except that any hotdog seller knows that he runs a business. Some wannabe traders don't... And trading is a very serious business... and it is seriously misunderstood.

I really don't think I need one... Sorry pal.:D

That's easy, why do you suspect something fishy here? I can afford only three. One was left for something else.

Same way, the lazy man way to profits: 61.8% FR within the first 30 min bar in ES. And you people want to tell me that TA does not work or that a trend day (or a non-trend day) is killing you? Well, if you want to think so, that's even better for me... 20 minutes of work for $500. You...