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In looking over your Skyscraper and Bottom feeder programs, I see that you scran for certain stocks that have made large moves for 3 straight days. I assume you then find points of resistance or support by looking at the charts, then find the reward/risk ratio using your stop loss point...

AA; my point exactly, that's why I use log normal returns. Pretzel: I use the 8 day standard deviation of the daily price changes, based on opening price. Example: If in the past 8 days the daily standard deviation was .16 and the historical average is .145, I would be looking to sell...

Sorry; I should have mentioned that the returns were the natural log returns. Vhehn and Easyrider; the return of buying at 5 and selling at 34 is: Ln(34/5)x100=192%. In developing a position trading program, you have to use the natural log of returns. Example: first trade I buy at 5 and...

Wwatson1: Don't get upset, 75% of Elite Trader members are day traders. They have to be in something. Often wrong but never without an opinion. I would like to see you continue this thread. Thanks; jj

Pretzel: In this strategy one is always long or short the market. ufo12: 1. That's correct; but only going back a couple years is not long enough to base a theory on so I used the NASDAQ 100 and assumed that the QQQ's would act similar. 2. Since this is more of a long term position type of...

I've develpoed a simple system for mecanicaly trading the QQQ's. Here it is: This is based on the opening price of the NASDAQ 100. Buy at the opening when the Standard Deviation is below its 8 day historical average and when the opening will be positive. Sell at the opening when...

I assume that all who have responded negatively are day traders or scalpers. What do you think of this tool for position or swing traders? JJ

Gene: That's a good site, but it looks like it's on a monthly basis. I need like a 20 years vo, something more stable. Sterling: I'll try those sites if nothing else comes up, also barchart.com has a trial also and is suppose to have vo. JJ

Does anybody know of a site where I can can get the historic volatility for the 500 stocks in the SP500 index? Thanks JJ

Do all type of traders use IB or are they mostly short term traders? JJ

Check the Eminis all night if you want, but close to opening they are pretty accurate to where the Index will be at arround 9:35 am. JJ

Interesting that this poll shows 75% of day traders here make money. An SEC study reported that 77% of day traders lose. Why the big discrepancy? Losers don't participate? Elitetrader is really elite? People don't answer truthfully? What do you think? JJ

Dmac; I have a similar system, but i use opening prices. I also have looked at volume and found that it has no influence on the results. I found that using the next days volume helped the program, but how do you know what that will be? I am currently looking at volume in the first 1/2 hour of...

So far about 2 to 1 in profit vs loss.

A bit confusing, I meant the DJI INDEX, not the futures. I have data feeds from DTN and YAHOO, they are the same numbers, but I don't think they are the true opening of the all 30 stocks averaged. Doe's anyone know how the data vendors calculate the index's opening value. Thank's jj

The results of my last poll regarding length of trade were: 50% In minutes or less. 25% in hours. 25% in days or more. I'm wondering how successful these traders are. If you account for overhead and expenses, such as reported to the IRS, have you made money trading in this time frame or...

I've been doing a study using the opening price vs the previous close for the DJI. I thought that the opening value was the average of the opening of the 30 stocks. Now, after watching the opening price, I'm not so sure. Starting in 1977 they had a different value than the previous close...

What is your holding period? The time frame of our investments speaks allot about your interest in the forum topics. JJ 1. seconds 2. minutes 3. hours 4. days 5. weeks 6. months 7. years

I've found two other methods to beat "buy and hold": 1. Hold the QQQ or SPY until the two week Volitility is greater than the average then switch to bonds and wait for the volitility to revert back below the average. You whould have missed all the big bear markets and the bonds whould have...

What is the best source for trading the QQQ's? jj