Search results

I am concerned about the need to enter at the opening price. Not so much that you have to wait to see what it is, but if you need that exact price. Last year I did some backtesting on some ideas that at first run were very profitable. But varying the entry and exit price by a nickle turned a...

Nice post NKNY. Solace, if you are a newer trader, and were doing well this spring and summer but then crashed and burned this August..... DO NOT presume that you know nothing. Much of August was ruthless. And it very well could extend for the next 2 weeks. It has been the same for years...

Is that where that comes from? I read that a number of years ago. One thing you have to remember is his advice is coming from someone who has traded in the pits. You probably haven't. I have. The things he is talking about, the advice he is giving, is not transferable to off-the floor...

gar' I think you are comparing apples to oranges. TA is all about trading price... not the company, or the entity. Plus, price is the result of human behavior, which repeats itself. Trend, consolidation, trend, consolidation. Or buyers winning, indecision, sellers winning, indecision. TA is just...

The market isn't telling you you're wrong. You set the stop. You decided prior to the trade when you would be wrong. You decided that you would be wrong when the market was entry - 2. You are in full control, not the market. C'mon VT, too much of that psycho-babble will really mess you up...

What do you say Rule #1 is?

It's on CBSMarketwatch.com. I am not a good link transferer... sorry. http://cbs.marketwatch.com/news/story.asp?guid=%7B00F078A5%2D76A0%2D48B4%2DB156%2D095AC2914546%7D Oh, there you go! I have no experience with it and would appreciate your commentary. Thanks.

what does that mean to you?

I'll run another one Monday evening! By then people will probably be jonesing enough to participate. Hope to see you then. I'll try and remember to PM before it starts.

On the thread about worst indicators, easyrider posted about one author's results that he never found any system based on indicators that worked. I always wonder what these guys mean by "worked". I am presuming they mean that entering and exiting with an indicator produces net profits. Given...

Searching for brandonf, his posts now have Elite Member beneath his name. This signals to me that he is no longer a sponsor of Elite Trader. I don't know what happen to the links. I do know that his homepage is posted on his personal profile page, and his former posts are still in the archives...

Excellent point axe'. And I confess that I hesitated putting the 5 min chart in there because of what you said, especially during the summer months when follow thru is practically zilch. The 15 minute is a nice overniter.

That depends on the time frame. If you are looking to scalp off the 1 moment chart using stochastic crossover, then you are probably right. However if you are looking for a nice trend off the 5 and 15 minute charts, then I disagree.

"haha check this out" thread moved to ChitChat... although it is worth checking out!

Great chaos, thanks! :)

Anyone coded ADX for Excel that might be willing to share it?

The "40 yr old" thread has been moved to Strategy Trading.

Heeeeyyy.... that's good! :) Do you have an advisory service? "Yesterday's Action Today" That's pretty funny posting that now sixth'. Good one!

Very good point. And I wouldn't use a 7 iron into a 20 mph wind when 150 yards out. But on the practice range, when grooving the swing for the 7 iron, and not worrying about all of the potential hazards on the course... I can learn about the 7 iron and only the 7 iron. We'll work on proper...

LOL! Yes, you're absolutely right. Who do these members that can disagree with each other without tearing down the house think they are? Walther, when trading real time, there is no doubt in anyone's mind probably that at least knowing what is happening in the next longer and shorter time...