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Actually Victor Niederhoffer (i don't know him personally though) is an example that comes to mind where a pro/hedge fund manager uses strategies that would be laughed out of this forum if they were suggested here, but he still makes money most of the time. Of course he blows up now and then...

And vice versa : I know many professional traders/hedge fund managers, and traders here on elitetrader would laugh OUT ALOUD at the some of the strategies being used.

if you use a simple filter e.g. some rules which define a trend, you can squeeze that 70% non trending period down quite a lot.

There's a lot to be said for this pov.

:D I just hope they don't take away the music (of the markets):

Had a rather good day, this is what i'm doing:

There's a low possibility of a surprise rate increase next month. It would be unusual to do so given Nov is not a fed meeting month. Still when you consider that the fed and the big banks support each other and the banks do want higher rates, they could do it.

How do you figure this?

i cant recall the last time i bought pretty much the low and maybe the high of the day :D usually it's the other way around!

i was filled at 78 on most of remaing position still have a quarter of it left, stops tightened to 63

tighten up stops if you want, there's a good chance of seeing 90 today imho. have fun, i'm off for a bit

ah, there you go :D

woulda expected stronger followthrough after breaking, about 70 for instance, still can pay to be a little patient...

ok...just noticed it :D

buy it if it does, stops at low of day (55?)

would expect range bound trading for a while longer, if it breaks upwards (67), which i expect, then back to the highs of the day.

out of some more at 64, no more trades i think, i'll keep the still fairly big position at 56, stop at 55

stops changed to 55, i make a quite a bit even if it hits ;)

out of some at 63 ( i bought a boatload at 56 :) )

bot more at 56