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Hi sevensa, Thanks for answering, I know that you have to backtest on the trading platform. I should have made myself more clear. I do not have a clue how to do a backtest that is the problem, that is why I was asking if there is thread that someone can post an idea and someone can backtested. I figured people ask for indicators all the time why not ask for backtest. Can someone help me here with a simple backtest. Many thanks. email

Hi guys , Sorry that I posted here if in wrong place; I need to do a backtest on a simple method, is there a thread for that. Many Thanks, email

Hi Avrey, Nice to see your posting here know. I have gone through the posts and trying to understand your method. So, is the first thing to do is place the golden.... indicator on the chart and then if it(the lines it plots) coincides with a level of 25, 50,75, we place a trade at the line and when it plows through that level it will take your price with it. So at 4825 I would be short,right? Thanks a million, email

thrunner, Thanks for the info, looks very interesting. I may look into it. cheers, email

Hello to everyone in this thread and thanks to drsushi for starting it. drsushi ,you are very fortunate to have found that group, very neet. I am a big pivot point trader myself and would be paralyzed if I did not use them. I see most guys here use the same method I trade with; floor traders pivots, YH, YL, UVA, LVA. A good understanding of chart patterns and candles are essential, especially at resistance or support. Always on the lookout for triangles, AB=CD, Gartleys will give you a good edge. I love this thread because it hits on most of the things I look at. Lately while I have been using the BID/Ask volume indicator on my charts (actually I would like if we could discuss this further). When approaching a key pivot, I notice many times that there may be a long bullish candle but the bid volume is twice as much as the ask, that is a good clue that we may be reversing. Now the big thing the caught my attention in this thread was when drsushi explained his stops and profit taking. With the volatility we have been having lately I do not see how I could trade with less than a 3.5 point stop in the ES. I enter my trades at either PV or VAH ot VAL, YH, YL or one of my De Mark projection points (tomorrows Projection, High of the day Low of the day) and want to ride a wave as much as possible so a one or two point profit is not my goal. You have to look at the big picture, if it fails at one of our points in the morning like, fills the gap and turns around or YH I want to ride that wave for at least six to ten points, maybe more, not two points, otherwise I am going to be in and out all day. I am not saying you cant do that just its not my style. Another thing about stops as Torero mentioned you just can not pick a one or two point stops arbitrarily, you have to hide behind a wall or your going to get shot. What I mean is that the volatility and the way the market moves your stop will be toast if you do not place your stop below a pivot (and far away or they will hit it) or a MA, something. To make it float is nuts, unless your already in the money by six to ten points, thats different, but to do that at the start is going to get you stopped out allot, IMHO. Ok, I`m going to turn it over to you guys now. Cheers to all, email

Hi Guys, Is this thread still alive, if so, I would like to make a few comments. Cheers, email

Hi mister ed, Many thanks for your reply; I use sierra charts with transact futures and also recently started using Tradestation 8, I am slowly getting familiar with Tradestation so to make the switch. Cheers, email

Hi Guys, Great thread, very educating. I look at the bid/Ask volume on my charts all time and what I have noticed more than usual is the amount of volume I see in the opposite direction. What I mean is, if there is a down bar the lines on the Bid/Ask indicator will be green by double and for some bars three times more volume on the Ask (green) than the bid. Someone is really trying to prop up this market or really accumulating on the way down. Your comments would be greatly appreciated, Cheers, email

Nvesta81, I agree with you a 100% about the pivots and the mid-points, also very interesting that you mention the Vwap, I trade the ES and I actually shorted twice at the Vwap. Regards, email

Hello To all, I am just trying to get something cleared in my head and making sure I am on the right track; I look at the Bid Volume/ Ask Volume on a one minute chart ( I am going to start looking at the 5 second, thanks DB), if I see a down bar and a line three times bigger (Green, way more positive volume) do I assume that allot of professionals are buying on the way down and that the fall is being slowed down. Many Thanks to all, email

Just let this fellow explain his system and treat him with respect. If you do not like the way he trades then show him what you see is wrong with his approach. Otherwise leave him be.

All the best to all at TL, have a merry holiday season. email

Maverick, I do not know if you are aware of alleyb`s material, he is most knowledgeable in Market Profile and very respected. Also very reasonably priced. Cheers, email

I was wondering if alleyb could give his opinion on those rules/methods from Trading naked. Many Regards and all the best of the season to all, email

Hi Willd, What method are you using to project these time extentions. Many Regards, email

Hi Phantom, I have been reading about your methods for years, it is a true pleasure to see your post sir. Many Regards, email

milind-pol, That is a very nice website, thanks for sharing. Oh and just a hello to all the great friends in traderslabratory. Cheers, email

Hi Walter, I Had many friends there that the year before we were dinking champaine at the Monaco Grand Prix, and the next year they did not even have money to put gas in there car. One of my friends did not even have a penny to pay his workers on his estancia, they all had to end up eating together, it was very sad. Say hi to MR. Cavallo for that. Shoot talking about Argentina, now I feel like going to the basement and packing my bags.

That is funny Walter, reminds me when I was in Argentina a few years ago and people were lined up like that at the banks trying to get there money out. cheers

The best time to anchor is when you feel that it can not get any better. Another point is that you can also use anchors that have anything to do with trading, just a good past experience when your confidence was right up there. Just one other small point about affermations; never use a negative in an affermation, example; "today I will not overtrade" or "I will not ........... keep it posative. cheers

I am quite rusty with some aspects of NLP, affirmations never really took my interest so I really can not comment but I do know one thing that is a mirror image of affirmations that I do know a bit about and that is beating one self up. This can be very damaging subconscuosly, try to avoid calling yourself an idiot or stupid of a looser when a trade goes bad and if you do, take a moment to tell yourself ( I know this is going to sound really corny) that you are sorry. Now just a footnote here; I do not want to give the impression that I am some kind expert, these are just a few things that I have learned from NLP over the years.

I have never read any of trader Vics books but I think I will soon enough. To answer your question torero, About twelve years ago I went to a four day NLP retreat and this is where I learned this meathod of anchoring, I have to say that NLP has to be one of the greatest things I have discovered in my life, very powerfull stuff, after that week I looked at things in a whole diffrent manner. The only problem with this fast pace life sometimes I forget to use it. Cheers, Emile

Hello torero, You mention "anchoring", when you are in a great trade and know all your analysis is bang on, and it is all unfolding just as you had predicted and get this great feeling of confidence, FEEL it, let it sink in, study eveything that led you to this great trade with your mind and soul. This will be your Anchor eveytime you need to go to a new level. Step one, pretend there is a circule in front of you on the floor with energy boiling out of it, then step into it, bring back that feeling you had when you made that trade. That is your Anchor. Cheers, Emile

Hello Fellow traders, I hope everyone has had a great weekend. As far as I know Tick volume from a good data vendor is a good sub. for volume in Forex. Many Regards, Emile

Hello Friends, I read "mind over markets" and have it at close range all the time, I wounder what he has added to his new book. Many regards, Emile