Search results

Al Brooks "Reading the Charts Bar by Bar" was mentioned in a previous post. I want to second that recommendation. Unfortunately, the book is poorly edited and a difficult read. The good news is that if you can get through it, you'll learn a lot about price action trading.

I'm not an expert on such things, so I walked across the street to talk to my neighbor who happens to be a neurologist. Here's what he said: A linear regression model is based on probabilities, a distribution of outcomes around the mean. The human mind, on the other hand, works largely in a...

Please provide evidence that the human brain performs least squares (or any other type) of regression analysis. I was unable to find any references to this.

I still like the ES, perhaps because I know it so well and can still make consistent money with it. CL is becoming a favorite because it is so easy to trade.

As a general rule, linear regression and its non-linear relatives (logit, probit, etc. etc. etc.) are better at explaining the past than they are predicting the future.

There's no need to suffer any large financial losses. Start out sim-trading. If you can't make money in simulation mode, you sure as hell can't make money in live mode. When you're consistently profitable in sim-mode, and not a minute before, start trading a SMALL live account with real...

I've often wondered why more businesses don't move out of New York. A local deli has no choice, but financial firms can work from anywhere. Here in California, many businesses are moving out completely. Others are setting up satellite operations and relocating large numbers of employees to...

Simple formula: Once you are making a lot of money, take your after tax profits and divide it into thirds. Live on one third, save one third, and give away one third. You will live well and sleep soundly.

TA works when applied properly. Keep it simple. Watch price AND volume. Persist and you will find what works for you.

My neighbor went from marketing VP at a large firm to sales rep at a small firm -- 70% pay cut. Is he unemployed? He thinks he is. House for sale. Mercedes gone. Kids taken out of private school. His wife is looking for a job for the first time in 20 years. Classic example of successful people...

In many financial/economic academic studies the conclusions are driven largely by the assumptions. In other words, if you change the assumptions you change the conclusions. This is a classic case. If you change TA methodology assumptions, you change the outcome.

Housing prices here have fallen, but are still high compared to most places on the planet. There are bargains, I'm sure, but everything is relative. Houses that were going for $2k per square foot at the market peak are now selling for $1000-1500/sf. Is that a bargain? It's all relative. The real...

I'm not sure I understand why you're quitting. Are you saying you have a positive expectancy trading method but are emotionally unable to execute it? Or, are you unsure if you have an edge and therefore you are always second guessing yourself? If you don't have an edge, papertrade until you get...

I use a volume indicator plus price action. Keep it simple.

My wife and I have lived in Newport Beach (Corona del Mar) for the last 15 years. It's a great place (excellent weather and lots to do), but keep in mind that rush hour traffice can be brutal. On a Sunday afternoon you can drive from Newport Beach to Irvine in 15 minutes. That same drive in rush...

They should put a warning on the front page of this website that anyone who doesn't agree with the likes of traderzones and blowinsky and will be run out of town on a rail. Adios. I'll never be back.

You're right. Most people think of casino games when you mention the word gambling. Betting against the house at a game of roulette or baccarat is a losing proposition because the casino has the statistical edge. But, as you said, live action sports wagering can be very profitable if you can...

Blowinsky: Yes. I've learned a lot. I've learned to keep an open mind and earn a good living from both gambling and trading. If you read all of sicktrader's posts carefully, you'll see that he's not as leveraged as you think he is. In one of his previous posts he says that he replenishes his...

Blowisnky: The fact that my alias appears suspicious to you does not make it so. And it does not give you the right to lie about about me. I registered months ago and have visted this site from time to time. The reason that I'm interested in this particular post is because I came to futures...

Blowisnky: You pathetic child. You'll say anything to get attention. I am not sicktrader. You go around making accusations without a shred of evidence. You're a bully and a liar.