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All good questions. Actually my understanding is that there are a lot of approaches to this type of trading. I am just mentioning one that I know of. Think about it for a minute. You have to pay the PHd quant a lot of money for his time, but if his program is sharp, and you have well trained...

Hi: I am getting some PM's regarding LTCM and so I want to TRY to clear up the issue for those who are interested. Following is an excerpt from an article on the subject: "Although it is commonly thought that the trading positions taken by LTCM were predominately convergence trades, this is...

Loosenup: If we are talking about derivatives, the trader is subject to exposure limits. He/she gets a daily sheet that maps out exposure. and lists inventory. This is your "book". The general program is written and/or developed by the quant (the guy with the Phd) then the traders execute...

Interesting to hear people who (claim they) have multiple advanced degrees miss the point so completely regarding LTCM. Those that are interested should try to get a copy of Nova's program on the subject. They researched the subject thoroughly and in the segment, interviewed Merton, and other...

Hello: I happen to be an acknowledged authority on the history and use of the McClellan Indicator and its inventor. Use the search feature and "steve46" and "McClellan" to get the data. Good luck, I am going out to club a few golf balls. Steve46:cool:

You probably should read some of the posts before suggesting this. I doubt that there are more than a couple of ET members with the chops or the education to make use of this. Risk Managers??? You can't even interest folks in simple corellation or dependency testing!!! Now if you want to get a...

Hello Relative Strength is one of the few concepts that is statistically valid. What does "statistically valid" mean. Well it means that one can test the concept and get a consistent and mathematically stable result time after time. To put it in useful terms. there is persistence (that means...

Typical "Guerilla Marketing" bullshit. You might try paying the site owner for advertising BEFORE you get cut off. A free trial is a good idea (but of course then you actually have to have an effective product). Maybe you have run out of options (or capital, or both). Pretty weak.

Hey: I am on vacation for a couple of days, but these posts caught my attention. It's encouraging to see that Oddtrader thought enough about the subject to look up Acrary's posts. He has posted reference to the one that really makes my case as far as how research should be done. Now all you...

Hello: I am not really interested in a long discussion, on this subject. In my opinion, and based on the descriptions I hear, your strategies don't seem to have much edge. If you want to get a significant edge with Vega exposure (depending on how you hedge), you might want to look at...

You have an interesting way of looking at things Michael. I will think about it. Regards, Steve46

I give up.

Hello Michael: I am not familiar with the details of you revised system, but I want to mention the following. First, I do not think that "waves" is the way to look at price action. I could be wrong however, and I know of a trader who thinks of the opening price as if someone threw a rock into a...

Sid: You need to read and think before you reply. I mentioned that I am not being critical. I am simply trying to understand your comment. I am a patient man, and I will overlook your lack of english if you will simply show that you have some manners. Good luck. Steve46

Sid: "Prophet" is a word which in standard english refers to a disciple of Jesus, Buddha or Mohammed and who is endowed with the ability to foresee the future. I assume you mean profit (income minus expenses). :D I am not trying to criticize but you will need to monitor your posts so that we...

I notice that Harry is fond of copying large articles off the internet and posting them here. Often they have as the main subject and text ideas that require either a specialized scientific or math background. This reminds me of students of mine who after reading several chapters of the class...

I never make fun of ellioticians. I encourage them to trade the ES early (first hour and a half) and late (last hour). This last month they have been there for me, making it a little bit easier to find buyers and sellers. I appreciate their participation and urge them to continue. Hang in...

Hello: In my opinion, the subject of intuition is of limited use to the majority of ET members. What they should be trying to obtain first is competence. I have found that as my competence increases, my intuition about the markets has become more accurate. It does not work the other way around...

You mean my sparkling description of the product does not compel you to offer the entire contents of your trading account in order to obtain these valuable educational materials? How could any trader interested in success not want to read every word of these articles? Only then will you be able...

Oddtrader: Actually I would prefer that you continue.