Oh, I've explained that before. Do a search on it. They're just more pivots than the usual ones, 9 levels instead of just 3 or 5. I think you can find them on woodie's site. However, I generally still divide them into half-divisions once more, if the between-range is large. Sorry, I can't attach the file type (.efs), but here's Woodie's site: http://www.woodiescciclub.com There are some good tools on there, and it's free. By the way - Regarding the fib levels; I hardly use fib tool, I do that with bare eye, it's quite easy to see after a while. S
Why dont you trade this strategy for awhile and see what happens. The decision of when to close one or the other is subject to the same risks as any normal trade with twice the commissions. Please start another thread and keep us posted.
LOL! A live log? You mean you want to see exactly what I'm doing and making??? At what price? Yesterday, you said: And you want me to post an entire log? I think I'll have to really think about that. There is of course a certain temptation to "swing dick" and brag a bit, but I think I can resist that. At the time I started this thread, I promised to myself I wouldn't be posting logs. I've already broken that rule once! There's several good reasons why: - Many people will read it, and might get some clues of my painfully-devised strategies. Why give it away for free? - People may also develop counter-strategies. - I don't want to brag and I don't want to step on anyone's feet. - I don't need more "fans", or people PM'ing me. (undesirable) - An equal amount of people will probably be p*ssed off. (also undesirable) - There's absolutely no benefit to be derived from it, other than maybe proving something, but why prove anything? So yes, it's a tough call. I mean, anybody else here posting live logs? How about you, electric? easyrider? roberk? t4s? Baruch? Posting that previous log was plenty. Posting live logs with dozens of trades publicly is like taking your clothes off in a shopping mall, no matter how good you are or how big your dick is. Anybody disagree? Until somebody manages to talk me out of these points, I stand firm and maintain it's better not to talk to people about exactly what $ I'm making or doing in the markets. Nobody (!) else on ET does. Not even the hedge fund managers. There's a fine line between hints and full disclosure. We're all friends, but in a way, we're all enemies, too. Nothing's free. P.S: And by the way, this thread isn't free, either. I want to get some value outta here, or I'll leave.
Scientist, I might post a journal soon, mostly as a discipline and hoping that the wiser heads like you and Michael and all will pull it apart. I have a (naive?) belief that giving out what I learn, if it is genuinely helpful , is part of what makes a man grow: Buddhist philosophy that I picked up after a decade living in Asia. (And easy for me to say as a still losing trader). I really appreciate whatever you can offer; which is already much!
======== I might do that oneday but for now I am more interested in scalping. I'll keep it in mind and let you know.
YAAAAYYY! Did you folks just see that DAX move??? I got in for the ride at 54 and sat in, covered 84!!! See what I mean with "don't have fixed targets"? Yaaay yay yay yay!!! That's why I love the DAX! Well, I'm off & down the city strip for a roll today. Have Fun & C Yous all L8R...