sevensa

You seems to be changing the way you do things every few days and especially after you have a losing day or day. Have you considered following a plan consistently for at least two weeks and then review, instead of tinkering with it every few days? How would you know something isn't working or is working, if you never give it a chance? I know I sound like a broken record, but I would strongly suggest that you create a plan that you can execute with as little ambiguity as possible and you stick to it for at least two weeks religiously and then review the results before making any changes to it.

I'll ask the same question that was asked when you made similar requests on other forums. Why don't you start such a thread, instead of asking someone else to do that?

And THAT is why a trading plan is important.

My remarks were pointed at blaming the "system" for losing 50% of a 401K when other options were most likely available. But since you bring it up, where do you get the information from that top 10% of income owners own 90% of the stocks? I would think that mutual funds would be closer to have this distinction. You are confusing money managers with hedge funds. There are plenty of other programs like managed futures accounts for example that is available to pretty much anyone who can afford the minumum deposit. If you look at hedge funds track records, they are not really that spectacular on average and the good ones have such high minimum deposits that the average person probably couldn't afford this anyway, even though they might be allowed to. From that viewpoint I can understand why "they" are trying to protect the average person. The average person might scrape enough money together to invest in such a fund, but is this really a good idea to invest all your money in one place? I think, the assumption is that the minimum deposit would be a smaller percentage of a qualified investor overall net worth. Of course, they still can be stupid and still invest everything, but no system is perfect and I would venture to say that the system probably protects more than it hurts. I also wouldn't agree that this is a no brainer that someone getting paid based on performance would work much harder than one who doesn't. This depends on your definition of working harder. I'm pretty sure that many of fixed fee managers would be working harder to justify getting paid every month and might be more accessible to client and more customer service orientated. Someone who get paid on performance, might have the attitude that as long as they make money, they don't need to care about the customer any further. Just depends what you want. I consider myself a layperson and arrived in the US 13 years ago with $800 in my pocket and two suitcases. Attached is a monthly equity graph of one of my IRA accounts compared to the S&P that I've been trading since 2008 based on a swing trading method. Not earth shattering results as this is my retirement money and I am content with smaller consistent performance, but I would be so bold to say still better than mediocre performance. I'm not privileged or a top 10% earner and if I can have better than mediocre results, there is no reason that anyone else cannot either. Seems like you are making a lot of assumptions about the "system". The "system" is the same for everyone. If one person can succeed under it, there is no reason that you cannot as well. Blaming the system, the weather, your parents, the guy in middle school who stole your lunch money, your 11 toe, is always easier than to take responsibility. This is easy to complain and point fingers, but at the end of the day, you have no idea how fortunate you are to live in a country like the US. Do yourself a favor and travel to some of the less fortunate countries and you will quickly realize how lucky you are. Ok, I'll get off my soap box now.

Let's be fair here. This is not the "system" that is setup this way. This is your company's 401K plan that sucks. Most 401K plans include a Money Market fund that you can use to go to cash. Or worse case, you could have moved to one of the bond funds. You might still have lost money, but not half the value. Blaming the "system" is always the easy out, but if you just take the time to investigate further, you will many times find other options than throwing your hands in the air and blame the system. Also don't be so quick to cast all financial advisors under the same net based on the handful you know. I know a couple of good ones that I respect, but I am not so naive to think this means that all of them are great. Just as I wouldn't think all of them are useless because I happen to know few who are.

I'm curious about which information you use to base the 1-2 years average on? Is it based on some kind of research you have done, or published papers?

How can someone help if you don't say what error message you are getting?

Here you go... Google Results Look at the very first hit.

Unless you are planning to do something illegal, why is this an advantage?

So, you want someone to either translate the code for you to Easylanguage, or run the code for you on Amibroker? So you want someone to do all the work for you while you do... nothing?

In Tradestation. And before you ask what Tradestation is, try using Google first.

The only danger I see with this is that you might think you know the answers, but while in the heat of the battle it is easy to convince yourself that a certain situation fits your definition because you want to take a trade because you feel the market should do something and fudge your rules a bit, which is easy to do since there really aren't any clear rules. And once you start doing that, you are quickly right back where you started, trading on gut feel. Ask yourself this question: Would you open a new business based on general guidelines and create a business plan on the fly while running it?

This is a solid and important start and well done, but I don't think a trading plan is something you can put together in an afternoon. To give you an idea, my trading plan is about 50 pages long and took a few weeks to create. It cover things like: Account numbers (primary/backup), broker telephone numbers (primary/backup), ISP support phone numbers (primary/backup), chart interval, procedure to upgrade my chart and execution software, trading hours, morning routine before I start trading (i.e. looking for economic reports released for the day, when will I stop trading for the day, how will I reward myself after an exceptionally good week/month, chart layouts and screenprints of them, what statistics I will collect on a daily/weekly/monthly/quarterly/yearly basis, what I will capture in my trading log, detailed rules and screen prints of all my setups and where, why and how I will exit. My idea of trading plan is it to be more of a manual that I can give to someone else and he would be able to use it to set-up his charts and start trading the way I am. Some of the things I think are still a bit vague in your plan: Which other time frames and what are you looking for in them? How do you define a valid low-high-high low pattern? . How do you define support/resistance? How do you define a chop zone/consolidation? What is a valid trendline, channel, triangle, etc? How do you define them? What do they tell you? If you see a triangle, for example, what does it tell you? What is your definitition of an intermediate and major swing? What is very long time? Maybe not explicity, but your plan still allows for a lot of unecessary, imho, subjectivity that will force you to use gut feel. You learn alot by really trying to answer these type of questions above and force you to really think about how you are trading. Just my two cents... In the end this is your plan and something you should be comfortable with; not someone else.

You are just as anonymous as he is and everything you question about him, can be questioned about you as well, especially since your post can be perceived as borderline spam. btw, I used to be Joe's jogging buddy until he got rich and fat from selling the holy grail...

Doesn't the thread we referred you to, explains exactly that with Globex High/Low? Other than wanting someone to write the code for you, since the answer was already provided, I am not sure what more you are looking for?

This is a very vague question. This is like asking what is the best car for me. How can anyone answer that without knowing what I need a car for? Without saying what kind of trading you do, I don't think anyone can even try to answer your question. And once you define exactly what you need it for, you probably would be able to answer your own question.

No, the problem is that you didn't read the thread. If you did, you wouldn't be asking this.

By downloading the metrader version and following the instructions in the metatrader guide.

Plotting overnight high/low, that is a similar concept as they span two days, has been discussed before. Just search the forum for the examples and you should be able to adjust your code. btw, I've noticed looking at your previous posts that the only time you post is when you need help installing, or modifying indicators. Everyone needs help sometimes, but forums are about give and take, not just about taking.

You are overcomplicating this. All you want to do is to sell on the next bar when it goes lower than the trigger bar's low. So just use this on the bar that is your "trigger" bar: sellshort next bar at low stop;

How about telling us how you really feel? That wasn't my point. Tasuki doesn't believe it is a scam and my point was that if someone really think something is so wonderful, $995 should be peanuts for it. If you think $995 is too much to pay for something you honestly believe will improve your trading, we will just have to disagree as I will glady do it as I know it will pay for itself in no time. (Not that I think this particular product is worth paying anything for and I won't.) I wouldn't go so far as saying that "all this stuff is bullshit" though. I've paid for "stuff" in the past that was quite useful and improved my trading and paid for itself many times over it's cost.

I really do not see the point of continue to cry about this. You make it sound like this was our one shot of finding the holy grail. From his first post, he obviously was not going to provide it here for free. If you really think this "hidden pivots" are so important, why not shell out the $995 and find out? For something you think is that important, $995 should be peanuts.

How do you know that yours are correct and not maybe the other one with yours having the incorrect SD Bands?

Anything is a possibility. It is also possible that e-signal/Metastock is slower. I am still curious how you have measured this to come to your conclusion and if you can post the results?

I am curious to know in which cases do Metastock indicators respond faster than Tradestation and how did you measure it to come to this conclusion?