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One is in the past and one is in the present tense. One is in the moment. One focuses on the here and now, the moment. To understand the laws of motion is not to predict them. As a trader we focus on the Process (the NOW) and let the future unfold as it will. If a market is rising...

Wrong. It is about what the market IS doing. Now here is something more for you to berate me about: There is a certain natural law of motion at work here. Bodies have inertia; that is , they tend to keep on doing whatever it is they're already doing, unless some force acts to change...

For what it is worth, I believe there is an "ultimate trader state". Few ever get to this state. In this state, the trader is completely in the NOW. He goes long purely because price is rising and short simply because price is falling. There is no "system" so no prediction, as you put, would...

"What we do not want to do is put our parameters on the market......we do not want to tell the market what it should do. We want to surrender to what it IS doing. If we are doing what it is doing then we are making profits.....and that is what matters in markets." "Everything whatsoever that...

The path is smooth, why do you throw rocks in front of you? Yes as traders we do predict. We use prediction when we back test, when we ferret out certain patterns we think we see on a chart, we do look for certain outcomes based on specific inputs. BUT WHEN IT IS TIME TO TRADE, WE MUST BE...

Maybe the trader has identified a trade set up based on his methodology IN THE NOW and therefore takes it (goes short). To not take it , would be to call himself a liar. So the trader takes the set up in the moment. The future will take care of itself. He is not short because he thinks price...

Which begs the question, "Is trading art or science"? Trading models are judged based on their ability to make money. Models can make money without being predictive. A model can be based on reality. And what is reality? Price. What price is actually doing. If you believe in being in the...

Successful traders DO NOT PREDICT. Successful traders enter trades because they have identified a high probability trade set-up within the context of their trading methodology. Therein lies the duelality of the markets....... When someone back tests, or researches a method or pattern...

First, I am not a student of Joel’s at this point. I have been to a live demo and seen first hand his ability to read the charts with just price and volume. In my opinion he is second only to Tom Williams (the father of VSA). You are correct about the site. The quality is poor. But how many...

Wanted to show a pic but can't edit last post. The small pink line shows the stop being trailed.

Thank you for the kind words. Remember, I make no claims that what I say is Gospel. I am more student than trader. If that sounds a bit "Zen", it should. I am trying to take "Zen-like" approach to the markets. I want to surrender to the market, follow it. I want to get in tune with it, not try...

OOH. You were doing so well. I was right there with you. * never exit a trade with a profit, continue moving stop in direction of the trade until the market takes you out. Livermore said, "being right and sitting tight, that's where the money is". * Taking a profit at a target (or scaling...

Technically, that is not true. The law of large numbers allows for periods of tend. While trends can't be quantified or predicted mathematically, their existence in nonetheless accounted for. That is, the law states that for some period x, the "coin flip" can be heads 15 out 20 times. This is a...

Now that is a post. Very well said. BTW it is more apt to talk about "the law of large numbers" rather than "the law of averages"....... as the sample size increases towards infinity, the pecentages more correctly reflect what they actually are.

What breaks down is your assertion that everyone will eventually move into the fast lane. While this is true on the road, it does not translate to trading, If it did, there would not be so many threads by people seeking new indicators or ways to tweak old ones. I do not know how you trade...

Your analogy is incorrect. Trading is a different animal. In trading, people trade their own belief systems and personalities. Take a look at any woodie CCI thread as an example. There are hundreds of supports who claim this method is the best. But if you look closer, what do you see...

1. Move all your MA's 8 bars forward. 2. Purchase Aspen Graphics and use their Adam tool. It wil project both price and indicators into the future. 3. Continue with this until you realise that the only thing that matters is what is happening NOW, or until you have no money left...

The path is smooth, why do you throw rocks in front of you? The more traditional Volume Spread Analysis view does state that Volume leads price. In that view Volume refers to the activity of the professional operator. Their buying (demand) and selling (supply) creates the imbalances that move...

Volume Spread Analysis user Joel Pozen, formerly of tradeguider.com and now with tradingmentor.net and who studied under both Tom Williams and Richard Ney, echoes this sentiment. He says, increased buying (volume) does not lead to rising prices. Rather, rising prices lead to increased...

Wow. Joe and Jack. Such giants. I humbly add my two cents. "Top professional traders understand how to read the interrelationship between volume and price action. The also understand human psychology. They know that most traders are controlled in varying degrees by the TWO FEARS: the fear of...