Recent content by derek7422

Well Steve, it looks like it is unanimous then! I just finished reading the article from Ellis's link-I agree that the concept of "flow" is the driving force towards success, not just in trading but in all endeavors, and I think that all too often myself and probably most people know that much...

The same person who gave me Liar's Poker also gave me Goldman Sachs by Lisa Endlich. I have looked at it a little but have not started reading it yet. The Market Wizards books are a favorite of mine as well, only because of the mass of different opinions and the fact that ideas are not...

The Logical Trader by Mark Fisher sounds like my cup of tea. I'm not really into other people's systems anyways, even if I learned one I would probably never follow it! It may be off topic because I have not looked at the Logical Trader but that is what I like about the Market Profile...

I love the old books from the old guys on the street, like in the 1930s or before. There is so much wisdom in the words, and I believe that markets fundamentally never change(per se)-but great knowledge cannot always be obtained from what happened 2 months ago or even 20 years ago, because it is...

Liar's Poker - Michael Lewis - I got this for Christmas and just finished it. Surprisingly, despite hearing a lot about the book, I did not know exactly what it was about until I started reading it. It provides a good insight into Wall Street in the 80's. By the end of the book I felt that I...

There were no problems/outages this morning during the NFP number, and relatively narrow spreads on the USD/JPY-I didn't notice it going over .05 at any time. Impressive!

I read Reminiscences several times and Wizards twice-many of the interviews more than that. I've yet to read Randomness but I have picked it up and read a few paragraphs here and there. I'm currently working on Manias, Panics, and Crashes by Kindleberger and Aliber. It's a tough read-more...

I was also kicked off of FXT briefly on thursday but was informed by the rep after a call that it would be back up shortly. It was back on within minutes. Currently, I can not get the graph or the quote panel to come up, but it is probably just weekend maintenance and luckily this time I don't...

The posters above who stated that pyramiding into strength is the real way to do it are right. A loss is a loss. Unrealized gains/losses are gains and losses. Every dime. Individual gains or losses on one trade are moot for many or most strategies. Getting it all back is the same as getting out...

Oh, and I forgot to mention another one of my favorite readings is the 300-page Market Profile Handbook on cbot.com. I feel that is very valuable because of the way it breaks down specific market actions and volume activity. I finally finished reading The New Market Wizards. Like I said...

Thank you. I am sure that the viability of rail traffic as a leading indicator will fade over time due to many factors, including alternative transportation, alternate fuel sources, etc. but it is nevertheless still a factor currently, in my opinion. Correction: I typed NSX above but meant...

You know, when I went to Old Dominion, which is right beside the NSX railyards, all night you would hear BOOM, then BOOM again in a couple of minutes as the coal was being dropped into the rail cars. Then after a series of booms, you hear WHOOOOOSH, as all of the links tighten and the train...

Thanks for all of the good info. Aar.org provides a good report on pretty exactly what I am looking for: http://aar.org/Index.asp?NCID=4030 Looks like it is published weekly and the info. is only delayed 7 days, not that bad considering what probably goes into compiling the reports, etc...

Does anyone know where one would look to find information regarding rail traffic? I have looked at the websites of BNI, NSX, and UNP but can't seem to find this, although I have found press releases discussing it that go further back, like into 2006. I am assuming it would be quarterly...