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12:44 Kiwi: I had an order in at 208 then (1 over the resistance) ... damned thing got to 209 then went back to 230+ 12:44 Guy: kiwi, what the people offering the advice fail to grasp....maybe because it has been so long since they where in that stage. Is that the advice sounds good but lack...

Excellent. Step 1. My market opens in 4 minutes so I can't read through it now but I will do later. I will also hunt a good trading plan template down and post it.

I don't trade it dcraig but my friend does. I'll get him to pm you if he hasnt been able to find files and maybe you can upload to usendit for him. Thanks.

Good. Cashmoney, I took the thread negative because I believed that you had sufficient advice and I also believed that you wouldn't really act on it. I hoped that the challenge might help you break from your current patterns. As you can see this struck a chord in others who have "seen it...

Ok. If you've done the reading and couldnt find it. It works because its a way of reading what the other participants in the market think is going to happen. If you read it correctly then more than X% of the time you will be able to get a reward of Y risking a loss of Z. Pivots and s/r...

I think its fixed but there is a gap in the data for the period of the problem.

Cashmoney, I discussed this thread with Bolter and he thinks that you were worried enough to get it and master this game. I think he's optimistic. I predict that like 90% of people who arrive here you will fail to take Lescor's advice. Because of this you will join that 90% and not be...

And one final question ... why not read the rest of the thread where all of these questions have already been answered both yes and no?

What dcraig said but a big emphasis on NOT EVEN CLOSE

For a lot of those people I feel little or no sympathy because greed took them to a place where they will pay later. Its a little like the buy and hold 1998-2001 folk who were so smart and smug for a while but really didn't learn anything. Bad luck guys. But there are plenty out there who...

Just another self-deception I'm afraid. You are asking that price forecast itself in your statement above (negative lag). The close price is the current close price and doesn't lag itself at all. The bar is complete and correct for that period as soon as the period is finished. An...

No I missed that (in aus :)) I only made the point because I've seen attempts at low cost crossover down here that failed and the Chinese are nasty competitors --- if its good they copy it and I suspect they can copy enough of Walmart to out mart it. Also if the red army (say) are financing...

CCI doesnt lead price. CCI is price - 14 simple moving average (for CCI 14) divided by a normalizing factor. What CCI has going for it is that 1) because it involves price directly in the equation it doesnt have the lag caused by ma smoothing like a stoch or macd and 2) the normalizing...

Ripley, I am sad to see that you've failed to make it. There is huge pain in giving up a dream; almost like giving up your child. And like a parent who's lost a child you try to make yourself feel better by campaigning against what you blame for that loss. If anyone is really asking this...

[1913 Webster] To foresee; to calculate beforehand, so as to provide for; as, to forecast the weather; to forecast prices. If you mean "forecast with absolute certainty" then I'd agree but if you mean "forecast with a probability of being correct" (as a weather forecaster would seek) then I...

http://www.elitetrader.com/vb/showthread.php?threadid=76477

As few indicators a possible. The best traders here probably use no indicators or a couple of emas. Starting off day trading try looking at 3m or 5m charts (start with 5 but some things seem to work better on 3) with a couple of emas on them (try to find the emas that price comes back to...

A company you wouldn't guess would be it now. We could well have a major recession in between and be in a new growth phase in 2020 ... and it could be a new technology so just as Cisco Systems was briefly the highest market cap in the last boom XXXCorp of Malaysia could be the biggy in June...

Agreed with lescor and most other posters. If you're going to financially rate a trader you need a mix of measures. - how much can be made per day is key (lack of trading opportunities, thin markets etc can make a good system go bad) - is the system reasonable using some measure like...

Sorry, missed that you were trading stocks (thought it was currencies where volume is less useful). The other thing Elder did repeatedly say in his new book is that his student's charts got simpler as they got more experienced. Typically a fixed width channel or a couple of emas and 2...