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I will post it there, by the weekend. Thanks for the feedback.

Dear brethren: While I myself feel more inclined to the discretionary approach, as it is the path I have taken from the start, I would like to know the way the funds' machines are thinking. I guess the rules applied to mechanical trading have a predictive value given the amount of money...

Yeah. I feel there is a trade-off here. Prices diverging from or confirming news can be valuable technical clue. Nonetheless eventually you will get a little attached to the fundamental picture and sometimes will lose good opportunities. OPC

Have you ever read news in your trading experience before and how do you compare results? OPC

That's the way I had been using it, until my news source decided to raise the fees and provide only real time news. I feel I just don't need that. Technicals do a better work in analysing the short term picture. Does anyone know of a news provider, in a delayed basis, for market close reports...

Dear brethren: Do you think that reading news is an integral part of successful trading? Have you ever experimented with a pure technical approach, i.e., no news at all? OPC

Thanks, prox. That's the kind of feedback I was looking for. The idea about range contraction and expansion seems to be a little overdone nowadays. There seems to be a lot of hype attached to the concept. For those interested in the range contraction expansion issue, I would suggest Allan...

Thanks, mgkrebs. Doesn't Farley cover much of the subject about range contraction and expansion in his book "The Master Swing Trader"? Any difference to Crabel's ideas?

Anyone have a link to a pdf format of Crabel's book or articles about ORB? Would you be kind enough to PM me the link? Thanks. OPC

Dear brethren: "If the ducks are quacking feed them!" "The quiet before the storm..." I am not sure about how the old maxims relate to range contractions and expansions... After reading here and there some ideas about the ORB system, and how it's so popular among mechanical traders and...

Oops... I mean, any reasonable move will be preceded by a range contraction....

Basically it means that any reasonable move will be preceded by a sharp range expansion? It sounds like it's about the same approach used for options timing, isn't it? OPC

Would anyone mind to sum up the basics of expansion/contraction in range, as related to market trend forecasting? Actually my question is: how did Paul Tudor Jones put it? :) OPC

And to be honest with you Candle, my purpose is NOT to argue with you. I referred to you as Dr. Candle, as I acknowledge your valuable contributions to this board, and your expertise as well. OPC

... Live by the sword, die by the sword.

I see your intent Dr. Candle. However given that the majority of ET members seem to be involved with very short term trading, I was anticipating a poll result of about 80% for option 2. OPC

Can we really separate the expectancy from the methodology? I mean, successful trading looks like managing expectations. Different methods have different expectations. OPC

Taoism often refers to silence, in the sense of acceptance and responsiveness, as the source of enlightenment. But then if SILENCE and AGITATION are interdependent and complimentary to each other, how can Taoism be conveyed? May one ever interfere with the continuous grand flow so as to bring...

I agree. In a way or the other it sounds like the trader will be always working with some kind of target. The range expansion might be just a target of another time frame. OPC

The thread brings up an important issue: is it possible to combine target trading with a flexible attitude towards letting profits run? Or are we dealing with the old trader's dilemna of balancing risk and reward, and as such no theoretical answer can be found, only empirical? OPC