Search results

If you really believe that horse shit then why in God's name are you still trading ??

Some people want to trade all day, some don't. Will you miss setups if you take the afternoon off? Of course. Will you sometimes give back the mornings gains in the afternoon? Of course. Decide what you want to do and do it.

Yep, best to be your own source of information....do the work.

I've always found it best to let the trade do what it will while adhering to the rules of my trade plan. I am a day trader so swings might provoke some intra-trade analysis.

I would hate to have your trade plan :D

Yep, clearly institutional distribution...how long it last is anybody's guess but just follow the bouncing ball.

PA has been fantastic, my only problem is getting in some of them where I want to be given the volatility.

Yeah Murray as we know, the little ones lead em and lead em down.

Markets don't trade on current conditions but on anticipated future conditions.

The ES moves well after the European open, personally I like to be asleep then but it's certainly tradable.

As a citizen I don't like bear markets but as a trader I love them. This steroidal volatility does however require adjustment in trade plan parameters.

.....and children, this is what a bear market behaves like.

There is no model that can tell the future as there is no model that can account for the behavior of every variable in a complex universe. However it's not necessary to tell the future...just what is more likely over a statistically significant number of instances. From that "edge" a trading...

I recommend picking up a copy of Zen Mind, Beginner's Mind-Informal talks on Zen meditation and practice by Shunryu Suzuki

:D

You don't need a Nobel Prize in economics to understand price behavior or learn how to trade from that knowledge but you do need to learn just that...and that is a whole another skill set. Random Walk and many posts of gaseous emissions on this site speak to that lack of understanding.

"Then they stopped working because of computerization and algos generating too much noise and these old school traders went and started making money by writing books about them. These books were read by new people who could't make money by trading so they started teaching about these indicators...

I log all my signals on a legal pad in pencil (yeah old school but it keeps me "close to the ground"). Each day is dated (day trader here) and then signals numbered followed by long or short, price, time of day, type of signal (all mine are variations of the same concept), maximum favorable...