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Cool, but listen if you are to use the magic gunga chant then I advise you to get it right... It MUST be said like this if it is to alter to course of the markets... http://www.carlspackler.com/sounds/017.wav

Hey DB you can make fun all you want, but when I find myself in a play that just can't seem to get goin - I find a good ol' Caddy Shack 'gunga' chant can heat things up... And like magic... Next time you are in a position, don't just chant ----> do a gunga chant!!! Gunga, gunga, galunga...

Reddart, Please disregard this smart-ass remark... Next time I will read the opening post and not just the title :eek:

I will sell Sanford and Sons memorabilia....

Buying strength and selling weakness in a range-bound/constricted type 'terrain' is like chewing on cactus...

uhhhhhhhhh:confused: :confused:

It is the space between... It is sort of like holding a bird Profit -- hold on too tightly and you will smother it / too lightly and it will fly out of your hands... Teach us to care and not to care... ~T.S. Elliot~

Perhaps if you used the 5's for your timing on the entry only AND then went up to a higher TF you would be less likely to get wiggled so easily...

Sums my trading up very well... Low clip, big winners, high DD/Net ratio... I think it is often a folly of traders to think that a high win % will insure a small DD, but in my experience it has always been my low win %-high/R-multiple methods that had the best DD/Net on the macro-levels...

If you are talking about 'returns' and 'expectancy' in absolute terms (not % returns) then of course the one with the higher DD/Net ratio is by FAR SUPERIOR, because you can more aggressively size your positions... In other words, the one with the higher DD/Net ratio, (regardless of whether the...

Ditto :)

inandlong, Is the above some sort of 'absolute' truth you are stating or just your opinion? :confused: Perhaps to YOU DD's are irrelevant, but certainly not to ME... Simply looking at the end result without taking into account the path it took to get there is no better than being...

This is pretty funny! :D Well I suppose I think like a 'psychopath' -------> give it a name... At any rate though you might want to keep your distance or throw me on ignore:p

Actually by 'map' I wasn't referring to Magee -- been years since I have read that book... I like the way you use the term 'territory' :cool: I too focus on price and volume as my only 'indictor', but draw 'maps' using S/R, Fib Levels, MA's, Balance Points, etc to get a feel for the...

Perhaps they are only irrelevant/meaningless to you because of the angle in which you view them? Perhaps if you were to see them as more of a 'map' vs. a predictive tool -- then you may find more use in them? Perhaps not, just some food for thought... BTW; Wasn't trying to suck you...

So, essentialy you are saying that fib retracement/extension levels in and of themselves are irrelevant???

I'll go out on a limb here and saaaaay ---> where it does...

MP and all other methods of conceptualizing this action goes straight out the window in this news sensitive environment... UN on right now...

FTSE down for 11th straight! :eek:

Do you feel as though you can derive this "understanding" from TA? In otherwords, as a market is moving from point A to B is TA telling you 'why' or just that it is occuring?