There was an article on another thread about Steve Cohen being an expert tape reader, I found this quite amusing, isn't that like trend following, blasphemous.
Here is the link, my point is that everyone has preconceptions about the market, traders etc. This will get in the way of being profitable. http://www.elitetrader.com/vb/showthread.php?s=&threadid=76935
.... are you sure you mean "UNDER" ? .... if so i would guess that anything OVER 1488 has a highER prob of getting to 1560.... ... ...edit... i guess you did mean "under"
Damn, ya think? Hope you ride it all the way up there ... (jeez sometimes I hate being such a little scalper), but I know I can ring the cash register with it. Good trading, Jimmy Jam
Hey porgie, i figured-out how to get to 100%, currently in the "proving mode", but so far it's looking pretty good ... and so is 2008. Your comments drove me crazy, but also made constantly look at what I was doing until I could break it down to the simplest trading model, and initiate action when a new trend was being established. The 100% part comes in when factoring in the minimum range requiered to have a trade considered a success, after that, it's all in the money management. All the best, Jimmy Jam