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here's the fib set up I'm working with today 0%=834.5 This is my key number. Made money on the long side up there and it is very easy trading. Would like to get long there again if possible this afternoon 61.8%=829.5 If it acts like support the set up is on 100%=824.25 This is a number...

right cpo, that's what I said, there is no system...that I know of....which will make money....so that is why I must keep....changing the system to be sure I am not trading a system, and the nagging thought in the back of my head is, "What if changing everyday is actually a system?" oh no, then...

illiquid, I know I post too much and get on some peoples nerves, but I have been couped up alone and writing my thoughts is really bringing it all together. I have this same thought going now on a couple of threads, and it is namely, when to take a profit. For me always the greatest and most...

def, you should know better than me, but check this out. If you use the buy with trailing stop hotkey, and then change the limit order to stop, I'm thinking that would work. I don't know, but when I hit the cancel hotkey, even though the limit has been changed to stop, it cancels both orders, so...

if you keep changing, you might end up with all winners. I already know any system I've tried will not make me money. And all the systems I've tried are smarter than me, so then, the logical conclusion is, if I want to make money I must keep changing. I'm just one step ahead of the law of...

If Walmart ran their stores like most traders trade, the only way you could buy anything would be if someone in the back of the line offered them less money than you just offered them.

The fact that they don't catch the top or the bottom isn't a problem. The fact that they occasionally catch the top and the bottom at the wrong time is. If they were consistently wrong, you could just trade them backwards. But they are miraculously right just often enough to aggravate you.

except one thing, most traders are not using moving averages because they don't work. They only use moving averages after they have worked for a long time. After you see how well they work, then you use them, but then they don't work anymore. Then you figure out that the only way to be using...

The first move you trade If it fails then you must fade The fade of the fade

The idea is not to fade, the idea is to trade failure

Trend Guy, Yes I agree. I just read somewhere that 90% of all real traders use a method. I guess I must be in the 10% group. Darn, it seems like whatever study they come out with, I always end up in the 10% group.

You're in a 5 pt trade, you hope it's a 10 pt trade, you fear it's a zero point trade. I can predict the future quite accurately. Here's is what will happen if you don't take your 5 pt profit. You will soon be in a 6 pt trade which you are now feeling a lot better about, or you will be in a 4 pt...

Traden4, It's the death spiral I was worried about. I'm well aware on any given trade I can't correct multiple problems, but the trader could correct the average which is the farthest out of whack. This system is not standalone per se, it is meant to be a risk management foundation...

Asking a scalper how they do it is sort of like asking a homeless person how they survive with nothing but a shopping cart. Scalpings just another word for nuthin left to lose I'd love to talk about it, but not here here's the link, look for a post copied by me copied by hardcash...

This could explain why just a short while ago I was using 2 pt stops looking for 6 handles. Now I am using 2 tick stops and over joyed at 1.75. If the trend continues, I will be using no stops looking for 1 tick.

But getting back to the topic of trends, DG's information is really quite profound. I for one have often stated (now apparently falsely) that over time any ma crossover would make you money, but the annual profit may not even beat a t bill if you don't run out of money first. But now, if this...

I really have no opinion on the plumbers of Billings Montana. But if somebody is going to try to throw them in jail for no just cause, then I will stand up and defend the plumbers. Not because I like the plumbers, just because I don't want to live in a country of people who mindlessly accuse...

trend guy, Easier and better methods are a complete waste of time. There are much easier and better trends which don't require a method,

Then it would simply be a matter of averaging the sucess rate of trendfollowing systems and overbought oversold systems and plotting them on a chart. When the overbought oversold average crosses above the trend following average you go overbought oversold. And when the overbought oversold...

so following that to it's logical conclusion, you would say that the long term trend for the market is choppiness.