Recent content by vingbel

This is why less and less retail traders are making money. At this rate, no one will be able to make a living trading on their own. http://www.nytimes.com/2009/07/24/business/24trading.html?_r=1&hp

http://www.guardian.co.uk/business/2009/jun/21/goldman-sachs-bonus-payments As you can see, they always make money and it a lot of it comes from their trading desk. My question is, how can we follow their trading methods? Please refrain from conspiracy theories or anti-semitism. If...

From what I found, in my very simple number crunching, this seems to be true on average.

Thanks for a humorous reply rather than the snarky sarcastic ones that those who don't have fun at this like to give. And your reply makes a valid point. No sure bets in this game, but wanted some feedback. I look at the third test as critical, but wanted to see if other people crunched...

After that resistance or support is set by being hit twice and reversing. As a closing number. For example: SPY closes at 930 twice, then you expect it to touch that number three or four more times (on average before breaking? Meaning end of day numbers. Thanks for the input.

I don't disagree with anything being said, but I was still hoping to see some answers. I have an average number. It's not that hard to calculate using some simple parameters. Price action works best with understanding usual behavior. If anyone wants to do a little math, here are the...

Using the end of day price for the SPY, has anyone come up with the average number of times the price hits either support of resistance before it breaks through?

What to you recommend instead of trend trading?

Cjones, Agreed. This wasn't a partisan posting. Clinton and co. played their roles. I just can't believe anyone would listen to those on any side of the aisle that are still spouting failed policies. The whole system needs to be fixed before we all end up in the poor house.

This is when it started. All those who still spout the talking points from the last thirty years need to be kept as far away from the halls of power as possible. http://www.nytimes.com/2009/06/01/opinion/01krugman.html?em

I was wondering why there weren't any reviews saying the presentation was a sale's pitch! Their way of reeling people in (including me) is a bit dishonest IMHO. Especially if they're deleting reviews. Like I said, I liked their system, but the price and on-going fees are ridiculous. Do...