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Perhaps you misunderstood my post. I wasn't arguing about the existence of big boys or whales or pros or whatever name you want to call them. I was just wondering whether they actually plan out traps or drive price action in such a way to make most smaller traders believe something when they...

Let me ask you guys a question: I happen to read many sentences with the word "THEY" used frequently...as if the markets were manipulated by "THEM" I am not naive to the point that I believe the markets aren't manipulated... Yet, do you seriously believe "THEY" play this kind of games...

Look, I am not sure there actually is any trader in the world who is happy to take a loss...however, all good traders understand that losses are part of this business so we must accept them and move on. There are different categories of traders: those who don't mind losing 40-45% of the...

I think averaging down is like cheating on your trades. If your entries were correct from the start, you wouldn't need to average down at all. Since your entries are probably off, you then "cheat" and start averaging down. Most of the times, averaging down will reward you, this is why...

Simply because those selfish bastards running the banks only had one single thing in mind: their goddam bonuses and trying to make as much as possible as quickly as possible. The very same issue can be extended to other businesses as well, where CEOs and top managers only care about reaching...

I have 824 as a good support number on my charts too...why is it important to you? And what chart interval do you use for your analysis?

Ivan What makes you think we'll see the low 20s in the next few months? Any particular reason? I am asking because that's also the same target I have for this downmove. Regards.

You guys from Europe? My TS is down too and I know of two other European traders who aren't able to connect.

I don't think you could have prevented your short position from turning negative. I was short too and had my trailing stop picked. However, as soon as markets made a higher high, why didn't you use the same principle of your first entry to get long and catch some of that "stupid" rally...

I had a great first half of October and a bad second half. I was on track for my best month ever and then erased all my profits ending up with zero. I barely payed for commish. Like I always do, I blame myself for the bad 2nd half of October. I lost discipline and started to be sloppy...

Funny how the prick nazi in the video claims the dollar will be worth nothing by February 2009 just when the greenback rallied from all time lows vs other majors within a matter of two months. EURUSD rose above 1.60 and now it's back below 1.30. If the argument of the dollar being about to...

Well, the vix traded above 80 and it's still very high today although it retraced below 60. Apart from the dead cat bounce off the lows mainly due to the concerted political efforts by the G7 finance ministers, we didn't really go that far did we? I want to see a bounce off the lows...

Who told you we hit a bottom?

This is a very interesting topic but there is nothing written in stone about what the correct stoploss should be. It really depends on your strategy. If you trade breakouts you need big stops because you'd need to survive the likely retracement. If you trade countertrend, I personally...

Until we hit the real bottom, which will happen within the next few weeks. I expect volatility to drop dramatically when the real bottom is in and we'll likely trade sideways - from a daily chart perspective - for many months. Enjoy this volatility as long as it lasts. We will all miss...

When the Vix drops back to 10-15, the Dow will resume its 100 pt daily range. I've seen and traded many 60-70 pt range days, and although it's not pretty you can still make money if you are good. Of course, instead of having 50-100pt targets you must be happy with 10-20, but you can...

Supply/demand is what rules the markets. Why didn't price break thru support at the first try? Because there still were enough buyers at that level. When buyers dried up, support collapsed and we moved to a lower level.

Have to agree here. We need one of those days where even the most stubborn bulls give up and liquidate. That day must immediately be followed by huge buying with huge volume. That's an ideal bottom setup. Not sure we'll get there because we keep drifting lower by 2-3-5% per clip.

You cracked me up. LMAO

if they shut it down i'll take it as a warning sign of an imminent war. i am starting to get worried because a friend of mine is almost 100% certain of a world war III in the makings. Not that I believe him, but the parallels with 1929 are many.