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One of the reasons this system probably doesn't perform as well in the chop and unclear trending days is due to reliance upon indicators as primary setup. No matter what time frame you use indicators will be lagging. I haven't posted much to this thread because I don't use this system, but...

Just my .02 to the O.P. Offense wins games..... Defense wins championships! Best of luck to you.

Yes looks like a doji on the SPY, but you will need confirmation in order to act with any decision. Also remember it's options expiry this week, the sticks can do some strange things. I would not doubt a reversal may be coming, DIA starting to lose a little steam as well, but it may not be...

You just proved my point. You're worse off than I thought originally as well.... 59 and 35 years of experience and still looks like you've got much to learn. Go ahead and make your hyper analytical case for no washout, I'd love to hear you explain the sell off from 9-11 as no blood in the...

All praise you chanster....... mind me asking how old you are? The only thing ET has proven to me is that there is plenty of money to still be had in the markets. Sir I hope you become very rich (seriously doubt it though) and one day we link on opposite sides of the electronic trade. Good...

mktmkr, Welcome to ET. Glad you found the site. Overall it's a pretty good one with lots of young, new traders. If you give it some time and have some patience you'll quickly learn which forums are worth your time and who is for real and not. This site helps prove that there is still...

mktmkr, try www.iseoptions.com pretty good site to get HV and IV ballpark. you can enter individual tickers and get the results. For IV any good options calculator will give it to you. I use the plain old vanilla one on the cboe site.

O.P. When companies that have no legit business model flood the markets in IPO's and companies that pay good, solid dividends can't go up even when they raise them. When your next door neighbor wants to talk stocks with you whenever he sees you. When you go into a doctor's office and the...

For every vanquished there is a victor.

ER2 (Russell e-mini) is $100 per 1 point move in increments of .10.

Thanks for the replys. I was thinking about even trying some single stock futures (SSF's) on something like the DIA. Looks like the method would work pretty well (at least in theory, mechanics might be a whole different kettle of fish). Might be interesting, but I have never traded SSF's...

Simple question for the thread.... I actually have traded on occasion a method very similar to this technique for longer period swings with pretty good success. I agree that this method can indeed be successful and have been keeping up with the thread from the beginning. My question is to...

Ahhhh nothing better than another thread about "Gambler's Ruin". Going "All-In" works every single time but once.

\ Livermore did not kill himself due to his investment strategy. That is a big difference. Killing yourself due to a downturn in the market/investments and taking your own life out of mental illness/defect or factors outside of the markets/investments is not "getting burned out". Face...

Agreed. The put/call ratio on the DOW hit its highest level this past week, higher than at any other point in this rally thus far or this year. SPX ratio is also starting to spike to high level on the range. NAS remains at low levels. Definitely not an over bullish tone to this market. No...

Dems get house, GOP keep senate. If Mrs. Clinton gets nomination, there's going to be another Republican in the White house. I still think this November isn't a slam dunk for the Dems., they have a way of mucking things up. I will say this, the Republicans have surprised and...

You got to build something to pull back from. If Katrina couldn't collapse the markets, that means much of the market risk has deflated. Hence much of the pent up volatility has already ravished the markets. You can thank 911 for that. Remember that most of the public isn't participating...

I agree, personally I was much more concerned about last year's move from late Oct. through the Spring. I guess U.S. stock holders don't deserve to get rewarded for holding companies with balance sheets stronger than ever and double digit earnings growth for like the past 14 quarters...

Yeah the Fed pumped a bunch of money into the economy starting about 5 years ago, rate cuts, remember? It's just now hitting the stock market in a big way after first going through real estate, emerging markets and commodities. Why is everyone so surprised and concerned with this current...