Search results

CollegTrader wrote: I have a strategy that uses support and resistance, price action, RSI, ADX, MACD, 3,5,20,50,100,200 moving average, daily, weekly, monthly floor pivots, market profile VAH, VAL and POC and last but not least, volume. And you really wonder why you're not doing better...

Indicators don't work. Good luck trading if you continue to use them. Support & Resistance. :) Better luck, friend.

Better to trade directly with FCM... Get set up on J-Trader. Problem solved!

*** If banks don't lend out no new money enters the system. The Fed can recklessly print money to 'plug holes' in banks but we won't see inflation or hyperinflation unless banks lend. Will they? Wait and see...

Never pay for a system. I wasted $5,100 on VantagePoint Intermarket Analysis Software, which is one step above a scam. Additionally, in my early days, I purchased an FX system from Ryan Jones. Naturally, both are based out of Florida! LOL If I didn't figure out how to trade by then...

BRAVO, STAR! Living below one's means is the foundation of sustainable living (whether or not one's a trader).

Dear Newbie, BUY AT SUPPORT. SELL AT RESISTANCE. Don't do anything else. Put a protective stop behind the level you're defending. Seek 4:1 reward-to-risk ratio. Don't follow technical indicators. Tech. indicators are bullcrap. Always have been. Ask an old floor guy about...

They are clowns. The (privately owned) central banks are the cause of this morass. Let me ask you a question: What is set in an open market & what is not? Price set in open market: crude oil, gasoline, nat gas, corn, wheat, TBonds, TBills, sugar, coffee, FX, etc. Price NOT SET in...

Reportedly, JPMorgan futures was short up 20k - 50k futures + options in gold futures. REmember when gold broke out $100 in one day, then it was "capped" near $930? When JPMorgan acquired Bear Stearns, they netted out almost half of their short gold positions b/c Bear was net long several...

*********** Hey fellas, I've calculated how many hours I have trading (watching the hourly chart & trading). Seems like it comes to approximately 10,000 hours. I trade future for myself & others at this stage & may likely start a CTA in the next few months. TO be fair, I got my ass...

Dear College, I got my ass kicked my first 18-months trading. Presumably there are some really profitable, consistent traders on ET and some who are not. You want some straight talk? Are you SURE? Okay, here goes. Forget all the technical bullcrap. Forget moving average...

Hey Guys, this is a decent thread. Regarding the S&P 500, I think it shall be difficult to make any meaningful move higher until we SATISFY the subconscious need to "hit bottom" as defined by the 2002 lows. Trading the Dec. ES, I'm looking at 765 area to establish any long positions (Or...

Hey, there's a few really good clearing firms. My favorites would be MF Global or RJO. My point was regarding commissions. With the exception of scalpers, no trader should feel much impact from a $5, $10 or even $15 r/t for futures. What's really important is if your front-end platform...

Great setup: DTN data feed J-trader interface (simple, reliable) direct connection with clearing firm MF Global, RJO, etc. When I was getting my streaming futures quotes through my (IB) broker, XPressTrade or what is now OptionsXPress there would be times when quotes are down. The...

Traders who pay TOO LITTLE for commissions are obnoxious. Does an extra BUCK or two a side really affect your profitability (or lack thereof)? For scalpers, I suppose. But that's a heck of a lot of work for not much pay. Think or Swim is better for equity options, in my opinion. I...

Last full moon marked a sharp reversal in S&P, 125 pts. if I remember. Hopefully crude will head towards $55 and SP will hit 830, so we can all catch a nice reversal! I put the so-called full-moon effect in higher regard than most technical indicators (and oscillators).

Hey buddy, if you wanted the job of a futures analyst who doesn't trade his own account for a LIVING, Jim Wyckoff already has the job. Vantagepoint Intermarket Analysis software is bogus. I paid $5000 for it & the only reason I haven't sued the company is because I like Lane Mendohlson on...

Any nation with a central bank (fractional reserve) is beholden to boom & bust cycles. The challenge today is nobody wants to experience a reasonable "bust" so the economy can eventually make another move higher. Not in an election year, at least. I am a futures trader who trades for...