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I agree. These tools (models) are the "fundamentals" behind the auction market process. IMO, they also work for any liquid instrument (SPY, QQQQ)... Kovacs, From reading your post, I can see you have given this manner some thought. You original post also speaks well towards the framework...

Murray, I guess I made an absolute statement about there being no absolutes in the market:). Which is an oxymoron... No I am not sure about that. I wouldn't know where to find any absolutes in real time - the past of course has absolutes and history does repeat itself - maybe we can call...

Yes and no. My trading strategy is relatively independent from my analysis. My trades for the most part tend to take place around the numbers associated with my analysis, however, my profit exit points are not rigid (my stop points are however). I should also say that my confidence in any model...

To the OP, I suggest you pay very careful attention to time - especially in index futures. I personally use a temporal component in my price/volume analysis based on the 30 minute bar. Remember that price discovery takes time - this is the basis behind option/derivative pricing.

:D

Why don't you cross-correlate prior intraday data concurrently and look for statistical anomolies. Just a hint:) You're on the right track. Mike

No. I don't agree. Theres an old saying: "You'll never go broke taking profits, nor will you ever get rich". Did you arbitrarily place a stop at $2? If so, you risked too much. Next time you will lose $2 and this time you made .30 or so, this is poor money management. If you...

You contradicted yourself here (don't worry, its normal, I still do it sometimes). Why would you sell a winner because of "no movement"? There's nothing wrong with holding a winner overnight ~ you will face the occasional gap down but thats a cost of doing buisness IMO. I'm not saying its an...

I do about 10k-20k per day in about 3-7 equity trades a day. I usually scale at 200-400 shares per entry. Sometimes I'll have a 3k position built up, sometimes I'll hold 400 shares for 3 days. My holding time depends on my analysis (I'll trade of 30 minute bars as well as 5 min bars), the size...

Yeah you are right ~ I apologize for the misleading info. Please ignore my ignorant ass:) (Its PER DAY)

Well, I'm sure you are getting more than a retail account can offer (office, BP, platform). Thats the significant benefit I would think. PM me if you want the firm. I'm a retail guy, I see BP as the biggest motivator for going prop ~ I just don't need it for my stock trading (4-1 is just...

Yeah - for .003 at 1mil+ a month I would expect 100% payout. Thats still a lot of fees IMO. FWIW, I can do retail at .001 for 500k+/month, I'd be inclined to believe a prop firm should be able to do much better. Just an opinion.

Just curious, with or without split? EDIT: Sounds a touch high from what I've heard (but, eh what the hell do I know:)?) EDIT#2: Know a firm offering .001 for 500k +/monthy ~ PM me if you want the firm.

Steve, you are correct. Unfortunately, a toothpick can get me out a position at times ~ this is a flaw in my trading and unless I have 100% conviction, I will not HOLD A WINNER until its total fruition. I was able to execute an all day hold today, however, yesterday was a big mistake on my part...

Great points in your last post Steve. I'm still here, actively listening to this good info. In an effort to keep this thread going, I'm going to provide a chart with some price levels that I have determined to be of value via my own proprietary means ~ its based on MP but again, its a homegrown...

HoundDog, there's so much noise in your post I don't even know where to start. Who said anything about scalping versus position trading? The theme of this thread is PHYSCHOLOGICAL. Did you catch that? I don't think you did... Rather than call BS on the content of this forum (which I...

Do you smell a reversal here ~ 1273? I can't tell, I got 1.5 pts out of that pop - 2 trades for me and I think I may be done for the day.

Yep - and now the stop-running reversal to >1270. A long setup is starting to look attractive here, the 10:55 low was not even remotely tested...

I hear ya, your assessment reflects my sentiments about todays action almost to a T. Irrespective of what will actually happen, I try to "bias" myself against what others may be thinking at the moment.

I'd like to see more time spent around 1268...