Recent content by Traduk

T.E., With BDX your lines fantastically delineated both areas of sideways action. Without knowing how those lines are arrived at a four year old could click\click and place lines that would look equally as good. You have never made a call in advance of any move and any charts shown are...

I feel sure that you could re-compile the data I use and whatever I display them as to something completely different that had a totally different meaning. When I use probably one of the most accurate data providers available and show data in 6 different formats, why would I wish to change...

You guys do struggle with Mr Cryptic:) I think you will find that it is an old TA term, "Blow Off Bar" which in more modern parlance is a long tailed candle which is either a hanging man (top) or hammer (bottom). The relevance of those is that they mark a serious rejection of price and...

Random number generators will never create anything that looks like a TA chart. A generator that increments randomly with +\- 1 will create something that strongly resembles a chart but relatively fast scrutiny shows that something is decidedly wrong and the wrong factor is the absence of...

That stock is Becton,Dickinson & co. (BDX) and the wide range day was due to the report of 2nd qtr results. They were a mixed bag and initially caused an up move to strong resistance at a prior gap closing high. The inside day that followed is indecision but as the longer term chart shows a...

The paper trading facility does work for UK based clients, or at least mine does and I live in the UK. I also found the log-in somewhat confusing as the two details sent by e-mail are the account number and account name which as they look like user name and password is non intuitive. The...

NeedHelp, It would appear that some harm has been done to your trading if you have become wary of your natural tendency to stay with a short. The question is why and the probable answer is that you are staring to appreciate that the markets can and do have fast moves in both directions and...

NeedHelp, It sounds as though you have a classic bad case of the one-sided bias. I have been there and stayed there for years after the '87 crash. My problem, back then, was that I almost constantly expected a sudden and dramatic move to the downside which would wipe out any long positions...

Mutley, If you use a UK based spread betting company you can trade when those companies are prepared to make market, which is often long after the exchanges close. I have sleeping accounts with the two main spread betting companies and although i haven't used them in years I seem to...

Hit n run, I do not know what timing you use or on which market. I am afraid that my answer is a non committal, use what works best. Using Jack's defaults are best to start with and progression will come from careful observation of what works and then determining why. For example, I do...

hit n run, Yes it was in Jake Bernstein's book that I learnt about the "Pop". Jake actually used it to catch the 5th Elliot Wave which after a powerful third wave gave less comparative momentum. Jack appears to have suggested a very much shortened timeframe Stochastic which will spend...

hwaxen, >>Indicators take you away Indicators lag and respond to the market. If you use an indicator to trade you are waiting for a signal and then lagging the market on your entry and your exit. A trader will have more success if he watches the market, anticipates, enters the trade and...

The Mensa tests I have done are all about spatial awareness and logical mathematical transpositions. They are definitely good attributes for a trader that uses methodologies based on patterns or implicitly learned set-ups with instant recollection of potential probability factors. The...

Good point. Matters concerning feline wellbeing are currently in far more urgent need than your choice to learn how to play the harmonica. I lost my trading buddy, a german shepherd earlier this year and I know what a blow, illness of a buddy can be. We had a code of one whoof for long and...

Tampa, >>I guess it’s to be expected. I mean here we are, a bunch of strangers, anonymous for the most part, literally flung from one end of the planet to the other, yet all sharing a more or less common interest. We gather here to learn, and to pass the time. Far more of us take than give...