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  1. Z

    CL Redux

    Last 98.65. Play the upleg. :)
  2. Z

    Day Trading Crude without indicators.

    This reply does not relate to the comments in the post you quoted. What is the objective in asking others to post their charts and analysis. Is this thread not about your focusing on your own trading objectives? Any thoughts on the comments and questions I have contributed?
  3. Z

    Day Trading Crude without indicators.

    You instinct is correct. Good place to start. There is a way to know! How can it be known, and how does this give those who know an advantage? I've asked the questions and got the answers necessary to achieve my objectives in trading. Now just a case of executing each day. I am not looking for...
  4. Z

    Becoming an independent trader

    The year off sounds ideal. I would make a serious plan for building a trading model over the next 3-6 months, and when you start to find it becoming absorbing work and taking a lot of time then take the year off. See how far you get at the end of the year. If you don't finish the model after...
  5. Z

    Traders Who Like Music

    Try Wagon Christ: http://www.youtube.com/watch?v=uqF7q5smQks&feature=list_related&playnext=1&list=AVGxdCwVVULXd8vRaEmqekFH-msk3EuxOr
  6. Z

    Your motivation slogan for DISCIPLINE.

    Do you find yourself continuing to repeat the psychological traps which you rehearse each morning? Do you find yourself in a fearful state when at your trading desk?
  7. Z

    Day Trading Crude without indicators.

    It isn't a tool as such, any more than price is a tool. Your interpretation is what matters. The setup I mentioned, did you take that because you saw a "spike" in volume. You will notice that some of the exact high and low points have a spike of volume, and also that some points mid way through...
  8. Z

    Becoming an independent trader

    Bollocks, sorry. There is no "fitting to your personality" - this is papering over cracks and making excuses for your weaknesses. Fact - you can create better risk adjusted returns day trading futures than you can trying to hold positions for 2 days to 2 months. The objective is to make a...
  9. Z

    Your motivation slogan for DISCIPLINE.

    Does nobody use the "search" function any more. This has all been discussed before.
  10. Z

    backtesting and need help

    Sure there is one way. The right way. Used by all successful traders. Ever notice how they always seem to be on the correct side of the moves in the markets they trade? Who is on the other side? Now wrong ways - there are as many of them as there are people, but it all comes from the same...
  11. Z

    Becoming an independent trader

    My observation of those sad stories where live execution results do not match the expectation is usually one of two obvious errors. The first being that through a backtesting fetish or curve fitting the trader has learned how to predict what worked in the past, which isn't necessarily profitable...
  12. Z

    Becoming an independent trader

    I shall take another stab, hopefully we can shortcut all the round the house discussions about each members own viewpoints and experiences and just address what needs to be done. Full time trading. This means daytrading. You are not a massive fund and therefore do not need to scale in / out...
  13. Z

    Becoming an independent trader

    Not relevant. Those aren't his odds and have nothing to do with him. Dirt broke and risking everything on the spin of the roulette wheel not a requirement, sorry. Yes, this bollocks is talked a lot by employees as a means to justify their caution in remaining employees. Daren't take a...
  14. Z

    Becoming an independent trader

    Bloody hell, the first one to beat me to what I thought would be the first reply to this gentleman. And it proves my point! No no no no NO. Emphatically no. Do not start dicking around in the market. It is not psychology. This is an excuse by people who have not done the work to understand...
  15. Z

    Becoming an independent trader

    If it is true that you have $300k, firstly do not pay any of it to anyone for services. You can't buy access to useful knowledge in this industry. Knowledge which enables profitable trading is closely guarded by those who hold it and used by them to make money. The only way to buy knowledge is...
  16. Z

    Your motivation slogan for DISCIPLINE.

    Is there any substitute for self knowledge and market knowledge?
  17. Z

    Day Trading Crude without indicators.

    On your attached chart, you comment "bit excat science. Sometimes level works, sometimes they do not." What work have you done to quantify the times when MP/POC does work? If you haven't done this work, or you have done and not found it sufficiently accurate, then why use an MP in your trading...
  18. Z

    CL Redux

    Not angry - just amused. Isn't that what is taught here - higher highs and higher lows, breakouts, and double bottoms. Yet on a day like today, nobody wants to admit being long and wrong, despite all the cherished technical analysis saying "buy". Where we are in the bigger picture cycles...
  19. Z

    CL Redux

    Double bottoms, breakouts, higher highs and you see a downtrend? Oh well, I suppose one of you lot would be bound to get it right by pure chance. Does look like every limp dick was buying yesterday and today and getting their peckers chewed in the bear mincer. Funny really. Oh look...
  20. Z

    CL Redux

    Remember guys, time to buy as the trend is up and we always buy with an uptrend. Even if it looks like "it can't go any higher", that is the best time to buy and thinking the market can't keep going is just ego! It is holding the moving averages and uptrend lines nicely today! Make sure to...
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