Try this,         Make a few 10 day charts of the system since March 10th. Then mark on the signal days, the price level which you believe would have been an objective entry price. Finish each trade at the EOD, say 3:45pm. Do this for all the trades since Mar 10th. Start with a hypothetical amount say... 10% of your trading account. Use 50% margin and compound including your profits on each new trade. Do all the paper trades including Friday's beauty 19% short. Calculate all the dollars earned and the percentages. I guarantee the result will help you with your decision.    

Keep an eye on the CCI 55. When it crosses "0" it helps confirm a signal.

Now digesting the whipsaw!

Matt,                      SPX 60 MIN 7/21

That was an awsome profit on the March 10th "buy". Am  now beautifully positioned "short" for a re-test of the early March lows. Monday should be an exciting session. Watch them whipsaws!

I have committed to the SPX 60MIN  7/21EMA SWING SYSTEM. It am happy with. The strategy I use is aggrasive however, the SPX 60MIN has increased my trading account by 50% since the beginning of last week.

It chose it because I too still have a fulltime job. The system demands a little less of my time but produces robust profits in this environment. Less whipsaws, less trading, longer holding times and large profits.

I have considered getting a mobile device but, at this time still don't need it.

Backed up the truck at 50% margin on the morning of March 10th. I use the Canadian Horizon Beta Pro S&P 500 Bull Plus (x2) ETF. Symbol HSU.TO. It has afforded me a profit of 35%+/- . Less trading, longer holding periods, less whipsaws, larger profits per trade........ I don't know... sells itself!

Thanks Breakpoint!

Just to let you boys know.....

This system works... thanks for introducing.........

It works...  Happyllllllllllllll  From the Bosscanuck

%%%%up!

Buy signal!

TDWaterhouse

rp, i typically add on breakouts which i didn't do this morning because of the neg divergences. i see a bearish wedge on the 60min. i may have been a little tight with my partail sale, but i simply must lighten up. having said that a little intraday support right in here would be welcome and I'm not opposed to chunking in for a daytrade:)

Not too healthy below 37.40............ taking some off!

GREAT...!

Matt, this would support the idea you had earlier for the 38ish target, on a bounce in the GDX.   -BTW... I sold my GG and some other gold stocks when you got stopped out a few weeks ago. I avoided damage to my accounts!!! I bought the flag on DZZ and sold it half way up, very nice!

Just wanted to say thanks.

He always said it was the "sitting" and waiting that made him the most money.

How true.

Best book ever!!

Yes, but isn't the price of gasoline, etc... falling as well?

Dodger,  They mentioned ETF's in the video. Is any security imune to naked shorts selling.

So the banks and the brokers are getting creamed by their own game? Maybe it really IS  time to buy the banks?

How Does it affect us, in your opinion?

Now THAT'S a chart!

If crude has a bounce this week, it will give this chart some time to make an even better setup

Thank you for SKF yesterday. I'll remember you at X-mas time.

And I thought I wasn't a daytrader.

I agree, stay humble. Share your conquests here, not with your friends and neighbours, you may begin to feel important. Have a small celebration. Take the wife out to dinner and a good bottle of wine. Keep it simple. But, keep that money! Do not let the market have it back! It's yours now! Forever!

I'm not saying you should suspend your trading, but that 40% into perspective. If you do half that well in just 2 more trades by the end of the year, you'll have doubled your money in 2008. Not to shabby in a year where most investors will have lost... big time!

Cheers!

that's why we're here my friend