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Read the First post VERY carefully. Guesses must be made BY July 2nd, 2011 to be eligible to win on July 2nd 2012. In other words all of these guesses will be made a YEAR IN ADVANCE.

1319.00

I am willing to do this as an incentive for others to post and see the overall sentiment going forward from this point. Please post your guess and nothing else by July 2nd, 2011 to be eligible to win the $100 prize. I will give $100 dollars via paypal to the person with the closest...

Do you risk the same amount for every trade? Say .5% of total account or does it vary? Just curious to what the majority are doing. Personally , I risk the same amount on every trade because I don't know in advance whether an individual setup will fail or not. Others may argue...

You aren't ready to go live until you can take money out of the market 12 out of 15 days. When you reach that point then the starting capital isn't really an issue. I would suggest futures, with at least 25k risk $125 a trade. Daily loss limit of 500 bucks. Means .5% per trade or 2% daily loss...

I think the 90% rule probably applies to small intraday traders. Those who trade 10+ trades a day. If you include those who do very little "trading" and more holding, then those numbers above are believable.

"The big money is made by the sittin' and the waitin' -- not the thinking. Wait until all the factors are in your favor before making the trade." ---Livermore The sitting and waiting applies to when you are in your position also. In his book he mentions a fellow that lived in the...

Exit 124.140 for a $1462 profit... In SIM . So far practicing this method.... 4 trades 1 with a few ticks profit 2 BE +1 tick 1 Big winner PS. while in practice I will be assuming using a 25,000 dollar account with $125 max risk per trade and a $500 dollar daily loss limit.

Just got back from bringing my gf to taylor swift concert last night , oh joy. Anyway, took this trade on the 5 min yesterday after I saw it cross back over the hourly trendline, Low risk , High reward! still waiting for touch of target trendline.

Out BE . 3 trades with BE -little profit, have yet to have winner touch the Target channel line. Will post any other trades. With stats I'm keeping.

6B practice trade for this method initiated this morning. I find that the trades I have taken at least allow me to get breakeven so I like that. Just like poker, you can fold alot and still come ahead with that one nice pot. Side question, How do I embed pictures on the actual forum...

Woah, that was a pretty fast move up... out for a few ticks profit nonetheless. I'll try again tomorrow.

update 2 YM, stop now moved a couple ticks better than BE. Price still respecting original downtrend line.

update so far so good

That makes sense, thank you for your input.

Some more practice trades. The method I trade now, I usually have 1 risk for 1.5-2 reward so this method looks like it has a way higher reward compared to risk. Wonder if hitrate will suffer quite a bit or not.

Ok I'll keep it simple(r) :)

ok I guess im just trying to define trend and counter trend. I think the only way to define them is to first define the timeframe used and period.

and here it is going back 20 days on the hourly chart. In order to avoid confusion do you just stick to the same timeframe sets to draw your trendlines? If you only go back 5 days the trend is down, if you go back 20 the trend is up. So if im trading on the 5 min and am bearish does that...

For instance here is the 6e dominant trend on the 60 min for the past 5 days....