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I sent him a PM. IB's Probability Lab indicates the best position: a short call position of Feb 124, 2xFeb 128....for an 83% probability and max loss of $360.

Tim Seemore of Fast Money fame indicates this as a short. However, it was just upgraded to 130 and 135. What say ye ? Are the other competitors better shorts ? WEN, QSR, YUM ? All have taken pretty good hits this year.

EWT would indicate this move up is wave #4. Accordingly we have one more big one on the downside below 1820.

All in all, I think it is a very solid program...much better than the standard prop firms of the past which were very sleazy and shady. Think: Brendan Burns and Barclay Trading...what a scam that was.

Can you explain these calculations in more detail ?

I'm not sure about that....there is a DLL interface that can be used to extend Multicharts.

Beware: This still requires heavy enhancements like circular buffers to be able to look-back at prices and develop moving averages, etc. Platforms like Multicharts and Tradestation have this built-in already.

re:"This includes all market data fees and back end fees." I have an IB account right now. So I would need to transfer my account to a TT account ?

What exactly is multicharts missing ? re: "lacking robustness" Many backtesters aren't accurate for the reason of using bars....and they are not able to indicate which occurred first: the high or the low.

Hmmmm....so you hold the options till they expire ? So your loss is limited to the premium and your profits must be greater than the premium to generate a net profit ?

Thanks for that...interesting. This seems to mimic a break-out system...which usually have a good win percentage,...but not so hot profit amount. Where do you close ? At the next bar with a different color ? Or do you have a profit target based on the range of the 3 soldier bars ?

Can you show us the pattern mentioned above ?

Indeed it is.... I've just met so many abusive, greedy assholes... why are there so many ? No one exposes them...for fear of lawsuit.

And if Eric inherited Gross's personality, then he would kill himself. It's not just about the amount of money you know. Once you have enough, why ruin yourself trying for more ?

Indeed he is.....an not looking too shabby for an old boy :cool: https://www.elliottwave.com/info/

Bill Gross....once great (and lucky), is now disgraced. That happens a lot when you have an ego uncontrolled. Stem your ego's boys, and you'll be honored AND you will succeed. That's the best outcome. One who comes to mind is Eric Bowling. Wow, this guy was a phenomenal oil trader....with a...

yep - it takes these complex schemes to explain it all. This is quite impressive and highlights the extreme intelligence of Mr. Shkreli. My big problem has been getting a handle on his last name......

Talk like this tells me we are about to go UP. Now if this thread had occured 3 weeks ago, it would have a ton of credibility. I think it's too late. Holy smokes...premiums on put options are "thru the roof".

The basic intelligent answer to this thread is: Trading requires tremendous skill, instincts, and intuition....a rare combination. Power Ball requires NOTHING.

Yeah Surf, but at these levels, gotta be a bottom soon. Think "mean reversion".