sorry, i am currently trading the DJIA and no longer trading the nasdaq due to a fundamental change in the market. sorry. surfer
we are back flat after being stopped out--will continue to mechanically trade off of channel breaks untill system parameters are met or trend is caught. surfer
You've completely lost me Surf. If I'm not mistaken this system's objective was to catch the major waves. Your frequent trading belies that objective - you are willfully chopping around. Long and short today, now flat? Yikes! That is a system for slow death. (You might try widen the channels & stops and trade less frequently.)
no, you are not understanding. the system does hit chop at times around the channel figures, as we are experiencing today. i attempt entry 5 times at the figure before scratching the chanel and starting over. hope this clarifys. surfer
LOL ! the system finally nailed the upwave after several false entries at the channel break. i am following with very wide trailing stops slightly above entry level for rest of day--holding longs here... surfer
This thread has followed recent index futures action much better than surfie... http://www.elitetrader.com/vb/showthread.php?threadid=33096&pagenumber=11