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  1. J

    Fade a trade or not.

    Attached is a chart that establishes the conditions of the theme of the OP and the additional details added by nodoji The above paragraph addresses what happens after the conditions that are the OP theme. Is it possible to consider what happens BFORE the OP gets into his quandary?
  2. J

    Fade a trade or not.

    The OP has a long way to go. Either of the paths below will move him to advanced beginner. Certainly he is on the sidelines a lot and it is good that fear and anxiety keep him out of trades. Path 1. Learn the difference between retraces and reversals at the the when either begins. To...
  3. J

    Why do people believe day trading will get them rich quick?

    I'm glad you introduced the spectrum of success and that you point out there are many successful and diverse ways to approach the markets. There are a huge host of vendors who sell methods that satisfy the retail market. The entire financial industry has huge pools of money, where over...
  4. J

    Why do people believe day trading will get them rich quick?

    It has been known for quite a while that I am paid to post on ET. Jake Bernstien's agent has also been soliciting me to be part of his speaker's bureau. The most recent rate is 19,000 for a two hour appearance plus expenses. As recently, I have declined the TradersExpo to trade live on...
  5. J

    Why do people believe day trading will get them rich quick?

    Thanks for your response. I'll look back through my flash drives and see if there are a few annotated V, P charts. If I find them I will poste them. The sequence of annotations that is unfolding is an inverted saucer and its importance is that a RTL from the beginning of the Depression...
  6. J

    what was your Profit/Loss this year?

    Looks like he made a buck to me, too.
  7. J

    Why do people believe day trading will get them rich quick?

    Put up a V, P chart ES) from the climax run in JUN/JUL06 to the present and I'll sketch it out for you. There are texts and videos (whiteboard discussions) available since that time.
  8. J

    Price Action based Analysis

    LOL.......
  9. J

    Price Action based Analysis

    I think it is worth stepping back from the market and taking a look at the ingredients relative to oneanother. Presently we so know that market owners and operators do not work skillfully with their members. Recent legislation may lead to regulations that actually deal with those who do not...
  10. J

    Why do people believe day trading will get them rich quick?

    Your post is interesting; it demonstrates how broadly an evaluation can range over various topics. Solving the puzzle (in fact, the system) of very successful trading does provide a deep benefit intellectually; secondly, it certainly shortcuts the path to wealth. Knowing and understanding...
  11. J

    Price Action based Analysis

    My view is that the CW trading is based on reaction to what is observed. On the otherhand, and from my point of view, expert traders ocupy a space that is slightly ahead of the Present and they are watching the future move into the Present anticipating the next event in an order of events...
  12. J

    Why do people believe day trading will get them rich quick?

    Strange as it may seem, you missed one of the most commom ones by a guy named BABAK. Try your search again and maybe you will find it. All the ones you found so far are from one person, primarily; his name is Trader666. What is so terrific about both Babak and Trader666 is the effort they...
  13. J

    Why do people believe day trading will get them rich quick?

    Tradewon, I agree with BSAM. You are an example of a type of person who has been filtered away from and out of a learning process. What is important is the transference of knowledge and skills. The only mechanism for that is the "experience" of the learner. You have probably found out...
  14. J

    Why do people believe day trading will get them rich quick?

    To give you a better grasp of the three things I mentioned: plan, strategy and routine, let me elaborate. In our session on Tuesday it was mentioned that there was a theory, process, and trading actually going on. The foundation of what we do successfully is a paradigm named Pool...
  15. J

    Why do people believe day trading will get them rich quick?

    These people fall into two categories. Lets call them yours or mine. A plan is required. A strategy is required A routine is rquired. A good plan is to compound profits. There is a formula for this. A good strategy is to trade the single pattern of the market which gives you the...
  16. J

    Is the market efficient?

    I read your succinctly stated viewpoint as one that states that winning participants are contuing to take the correct side of the market and that there is complete flexibility to trade as one wishes (meaning with superior skills) at all times. Speculation IS the cool orientation of those...
  17. J

    Is the market efficient?

    Stress? What measures the agreement or disagreement of market participants? (This is a rhetorical question). We all dig humor don't we? In market participation, one can get used to the idea of just who is obligated to do what. Then, with that basic mental adjustment, skill in...
  18. J

    Is the market efficient?

    There are many different persuasions out there; a spectrum of beliefs result. The Black Swan is a biological occurance to Taleb; he feels that the statistics he applies to markets are meaningful to him and his ilk. As we see, people can use his viewpoint to draw conclusions about other...
  19. J

    Trading Lessons/Insights From Coin Flipping

    He may be trapped, as many people are, into thinking that the market has one variable which either goes up or down. You may be able to break away from this myth if you find that there are three possibilities. Then you may find that one of these possibilities does not matter and that...
  20. J

    Paper Trading to find a system

    Read it over every six months for a few years...... Finally, you will get a spreadsheet that has the leading indicators of price for position trading with about four rules. For intraday, you will find a one pager works and you will find just one pattern that combines V leading P. The...
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