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Heh -- I've heard that volume gravitates toward areas of attractive pricing, and it tends to shy away from areas of unattractive pricing.

Found two sources online -- one theStreet.com -- that quoted just over 30% average annualized returns over the 31 1/2 year lifetime of the original Quantum Fund. Who knows about the reliability of the sources? It's teh interwebs. Take it for what it's worth.

Plenty of capital letters there. It's amazing how people who clearly have no idea what they're talking about can do so with such passion and conviction.

Yes -- the idea that we're all beautiful, benevolent beings of pure light who would never screw each other if only regulations would get out of the way...

I wonder if this isn't a distinction without a difference. If a trader has a profitable methodology built around price patterns -- and many certainly claim to, in this thread and elsewhere -- does it matter to his P&L or future prospects that he's not making direct use of what you describe as...

Pretty well, right up until that premature death thing...

Chicken, meet egg.

Well, the claim was that it's a "very powerful" strategy. I think we can all agree that it is that....

But he sure posts a lot...

Stop losses don't help you during blowups. And that Enron guy must have wanted to lose money. For one thing, Enron wasn't a good long with EPG on a fundamental basis, so his model was flawed. For another, Enron looked like crap when charted against anything in the peer group. When a stock...

Only in an ideal world, and most of us don't trade in one. In years of profitable pairs trading I had very few pleasant surprises from takeovers, despite using a model that, as Don Bright hinted at, accepted takeover risk as part of the game and adjusted risk accordingly. A combination of...

There's some more info on pairs trading on this thread from a few months back... http://elitetrader.com/vb/showthread.php?s=&threadid=92018

I agree it's too early to bottom fish, but the bottom in California wasn't accompanied by any of your warning signs.

Indeed. And the first loser he can't sustain will likely be the one that takes out his account. He'll blow out all at once -- probably in one day -- and so fast he won't know what hit him. Like taking an assassin's bullet to the head. With that trading plan it's not a matter of if, it's...

Heh. Not Cramer, just someone who doesn't understand this board's obsession with him -- or with CNBC for that matter.

So what? If you look to Cramer to tell you how to trade you're an idiot. That's so self-evident I can't believe the play Cramer bashing gets around here. Who cares what he says? Who cares what anybody says?

Best. Post. in Weeks...

The sound effects are annoying, but in general I figure that time spent obsessing over CNBC could almost certainly be spent more profitably.

I couldn't agree more. The OP needs to read and reread and reread his comments. ST -- you're to be commended for both your patience and the quality of your advice in this thread. Thumbs up.

I used CQG for years, and while I don't now it's certainly no fault of theirs. The product can do a great deal and, as another poster already mentioned, their customer service is excellent. Call them and find out if it'll do what you need. It is pricey, but if you need the horsepower, it's...