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in56

Registered: Jun 2006
Posts: 22

08-11-06 02:43 PM

I keep hearing here on ET something like this: "if everybody would know what and how I trade then it'll stop working"

I strongly disagree!! Most traders do not have skills to follow simple systems when it goes through cold spell or even when it makes money.

So here is the Challenge fo those who disagree; post one method (maybe your old one and/or with small edge) and let's see if it stops working after everybody on ET will read it and try trading it.

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volente_00

Registered: Nov 2002
Posts: 8625

08-11-06 02:45 PM

10:30 reversal

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efficiency

Registered: Mar 2004
Posts: 510

08-11-06 03:08 PM

1. 7 day narrow range of liquid stocks for candidates.

2. Filter with ADX moving in direction of intended direction.

3. Long signal: yesterday's high + (ATR x 25%) and TRIN < .90
Short signal : yesterday's low - ( ATR x 25%) and TRIN > 1.10

4. Enter IF signal holds for 10 minutes.

5. Scratch if not clearly green in 3 hours.

6. Target basis +/- 2.5 ATR ..........or.......Sell first gap up open or cover first gap down open.

7. Repeat process.

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gnome

Registered: Jun 2002
Posts: 10008

08-11-06 03:17 PM

"EDGE"?... Fuggetaboutit! there is no 'edge' except insider info or front running.... (both illegal, BTW)

The ONLY thing that works is being good at evaluating developments "on the fly".

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Pekelo

Registered: Aug 2005
Posts: 5628

08-11-06 03:23 PM

I will answer the original problem quickly then we can all go out and have a beer:

The answer is, both. Some edges are sensitive to volume of users, some aren't. If you scalp a thinly traded stock, a bunch of followers would most likely screw it up. If you swingtrade trends, more followers just make the trend stronger.

OK, got it? Now let's go out and have a good time!

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JimmyJam

Registered: Oct 2005
Posts: 4862

08-11-06 04:48 PM

get anything useful?

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