Recent content by North_Face

Wasp, I have 2 things that I tell myself everyday. 1. I do not have to trade today. The market will always be here. 2. Never look back in a wishful manner as it can easily distort current and future judgements. It has become ingrained in my thought process. Even on days where I have...

Mr. Charts, Thank your much for your trade explanation on CAKE. I have two questions. 1) Had Cake started down as soon as your buy was filled on bar 4 where would you have exited? On a break of the high of bar 1 & 2, on the break of the low of bar 3 ... or somewhere else? 2) You mentioned...

Trdr, Interesting thread choice, hopefully it gets some discussion going. I have read many takes from different authors on the importance of looking at gains/losses as either 1)units, 2) percentages or 3) dollars. There are arguments for each. I am currently on my second reading of...

pasha, Time based stops are another that should be added to that list. The use of time based (# of bars) stops varies in importance depending on time-frame, type of set-up and market conditions present. One commonly stated characteristic of pullbacks in a trending market is that they are most...

If it is so easy to be on the other side of the glass (whatever that means) then please enlighten me of these easy steps to eliminate all of these 'sort of problems'. I do not necessarily disagree with you here. The world is filled with those who want to profit off of the emotions of others...

Actually no, that does not really tell you much of anything. 6 wins out of 10 trades may sound good as a 60% win rate, but you could easily be on the road to blowing out your account if you have small gains and large losses. There are two ways to use all these performance calculations. The...

Charlton - Thanks for the link. I tried for the 3 month free trial, but that is only available in Europe. I will be going to Barnes & Noble this weekend, I will see if it is there. Tuffty - I should not have even brought any profitability numbers into this as it has gotten away from the...

Charlton - Thanks for the comments ... do you happen to have a link to the article you mentioned? I saw that thread title for introvert/extrovert a few days ago, I will have to give it a look. Tuffty - I gather that the profit factor calculation you mentioned is ((%winners / % losers) (X)...

Thank you all for the responses thus far. Tuffty - 2 thoughts on your post. 1) I was thinking about this today at work. Many times it helps me to get through things sorted out in my head by putting my thoughts down on paper. I realized that I have optimized my trade to such a degree that the...

I may not have stated my thoughts clearly enough ... I did not say that I wanted to apply a different methodology to a trading opportunity that I am already consistently profitable with. I stated in my previous post that due to market conditions I may have a number of months where I am trading...

I will start this off to a link of Larry Connors of tradingmarkets(.)com talking about the benefits and drawbacks of these two types of trading strategies. http://www.rockwelltrading.com/rockwell-trading-articles/System-Trading-vs-Discretionary-Trading-Which-Is-Better-Part-1.htm...

Henrik, Have you tried Stockcharts.com and their Market Summary Page? http://stockcharts.com/def/servlet/Favorites.CServlet?obj=msummary&cmd=show&disp=SXA Scroll down to the bottom for Market Breadth ... is that what you are looking for? NF

... anonymous trader http://www.traders.org/rstapes38steps.htm North_Face