It's nice to read from you tfj. The market is still giving me lessons to learn. How about you, how is the market treating you? It's sad to see Spydertrader's Futures and Equities journal closed. However, I'm glad to see the Iterative Refinement was opened. I've recently read a little about Mel Raiman's Precision Trading System and am curious about it. It seems to combine wizetrade (time frames), channels, level 2, and other things that interest me. If anyone has more info on it, good or bad - please let me know. Lately, I've been hanging out a lot at Pal Talk because I get faster response.
I'm reading up more on Bottom Fishing Strategies. It's nice to see that Tony Oz had a journal here at ET. http://www.elitetrader.com/vb/showthread.php?s=&threadid=2630&perpage=6&pagenumber=1 Praetorian2's GNP1 http://www.elitetrader.com/vb/showthread.php?threadid=881 GNP2 started by rtharp http://www.elitetrader.com/vb/showthread.php?s=&threadid=1400&perpage=6&pagenumber=1 Note (for myself or anyone interested): El Cazador mentioned scanning for a Three Black Crow pattern at Stockcharts. Three Black Crow Scan: http://stockcharts.com/def/servlet/SC.scan Will be searching for more... If anyone has a bottom strategy thread they particularly like, please let me know.
Most recent thread I've commented on: http://www.elitetrader.com/vb/showthread.php?s=&threadid=116726&perpage=6&pagenumber=10 Just a thought. Instead of using a stop loss, would it be better to buy a protective put while scalping long? How steep would GOOG's angle of attack have to be before it gets a nice bounce?
SPXFeb9a Currently doing annotations with on going discussions. The more inputs, the better. Looking forward for a consensus.