Search results

I wouldn't be surprised to see a trading range for a while either... but not sure that I would qualify that as "the" top. You can't call a decline to 1019 "the" top. To me, "the" top would be a significant clawback of the gains we have seen since March 6th... you are predicting nothing more than...

As I said in your other thread, I wouldn't be surprised if you were right... but it's a bit early right now to calling it so definitively. They can still turn on the spigots any time they want, so if I see a lot of people getting bearish like they were in July, I'd be pretty careful. This is not...

I do agree that it looks a bit different this time, and that makes me VERY cautious on the long side at this point. However, I'm wouldn't call a final top just yet. It is definitely possible and I wouldn't be the least bit surprised to see it tank from here, but I also wouldn't be the least bit...

There's one more piece of advice that I can give you: Think of the market as a poker game, because that's exactly what it is. In Texas Holdem, you have a number of players that sit around a table playing cards. Each player has two hole cards that nobody else can see, and there are communal...

Well... I can't really comment on those sites, since I am not familiar with them. I only comment on things that I have had at least some experience with. Here's the thing: The most useful thing that any "guru" is going to teach you about trading is stuff that you can get from any decent...

And I guess that tells you everything you need to know about them, then doesn't it? It really is a great idea to repackage and sell indicators... there's lots of clueless newbies out there who will think that you're selling them something valuable, as though your indicator is somehow the "key"...

I think that they have a free video newsletter that you can check out, to see what type of stuff that they talk about. I have noticed that they sell indicators at ridiculous prices, like $500 for something that essentially works like a moving average crossover. Indicator sales are a great way...

What if they invaded Iraq specifically to position an army right next door to Iran? Without that army already there, it would be awfully difficult to fight any kind of serious battle, if that becomes necessary. It's certainly coincidental and convenient that Saddam just happened to be making his...

It all depends on whether the market is trending or not. If it is trending, you do not want to be buying support in a downtrend or shorting resistance in an uptrend, unless it is a very big level and you think that it will violently reverse off of it based on the immediate price action. (And if...

At some point, "bullish" starts to be "too bullish", as everyone gets long. Not saying we're at that point necessarily, but there are political events with regards to Iran in the next few weeks that could derail this rally. It's hard to tell exactly what's going to happen in that situation, and...

I wasn't aware that I was hiding anything just by posting in a thread... in any case, I think I've pretty much talked myself out on this topic anyways, it's kind of boring me at this point.

If they attack, Iran will try to mine the straight of Hormuz to cut off oil supplies. Regardless of whether that succeeds, the price of oil will spike. Instability in the middle east never leads to lower prices.

Here's the deal with the next couple of weeks: The P5 + 1 are meeting with Iran on Oct 1st to discuss the issue of Iran's nuclear program. Right now Israel is the most concerned country in the world about it, and they are not going to take it for much longer if Iran doesn't take concrete...

No problems... I really don't know how one of the worst index contracts in the world (ES) got to be the most popular with day traders. It's the same thing with FESX... yet another ridiculously stupid contract the way that it is set up, but it seems to be more popular than the DAX on the European...

Analyzing the contracts in terms of tick size, movement, and range-to-slippage ratio, the DAX is the best index to trade. However, it is rather large and you can't trade it as a newcomer, especially if your account size is small. The next best for the indices is the Russell (TF), which has a...

This is not true, and is another common misconception. The amount that you have to put up on margin is actually SMALLER than the ES, not larger. Each DAX contract is 4-5 ES contracts in terms of how far it moves relatives to the profit/loss that you take, yet the margin as you state is only 3.5...

You don't have to fill inside spreads. Even if you just get in and out at the market for a short move of a single ES point, it has serious advantages, as I just showed a couple of posts ago. The point is not whether you get inside the spread or try trading for 1-2 DAX ticks (which you shouldn't...

The reason "trading mentors" do this is twofold. Some of them are just as stupid as the average newbie trader, and amazingly seem to have failed out of Grade 9 mathematics so they don't know how to do proper risk/reward calculations... which means they don't even KNOW how dumb they are by trying...

This is what is often quoted about various contracts - basically, just "trade whatever suits you", as though somehow they all have their advantages and disadvantages. Newsflash: There ARE no advantages to the ES over FDAX or CL or TF apart from the higher volume which most people don't...

No problem. I suppose I wasn't in the best of moods, given that this is not the first time I have had to explain this very basic and obvious concept on this site. I also chose to use, shall we say, some "emphasis" to make my point so nobody could miss it. Consider it a public service to all the...