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Nothing wrong in what you did ... you banked a pofit. Why did you not re enter after the price failed to penetrate your entry price. Is it because you dont have a signal for this action or is it because your mind closes to a trade after you exit.

I never knew that!! I am scared to ask you what an asktic is. I may not be able to live with the answer.

Hi SG You really need to get your head around the relationship between price, volume, S&R before you can fully understand MD. The "winning method" must come from you, it is a mistake to think that it will come from a programme.

Good post Batterup. Winning points on the ES open is quite straight forward and an excellent start to the day if you are quick. It requires a technique quite unlike the rest of the day and holds good until the first two pivots ( H/L) are formed after which you can see the battle for the...

The key to the next few years is to know how to trade long & short and let the idiots worry about the manipulation. Clear out all your debts if you have not already done so, be cash heavy and enjoy life ... after all you only get one shot at it.

If you told a Japanese in 1985 "that land is going up because they aint making any more of it" he would have agreed and paid your price. Tell him that story today and he will tell you that recent history says otherwise and that your price is beyond his comfort level. In the long run you...

Forget books. Get yourself a good piece of software with a reliable feed into the CME and spend hours watching the relationship between volume & price. Watch it in hindsight AND watch it in realtime. If you have decent software, then limit out the small lot traders and watch the bigger...

You boys have missed the point both successfully and entirely. Where the economy goes and where the housing market goes will unravel itself in the fullness of time. The question is not what Soros says, partly because it may not be what he thinks and partly because he just may be wrong in...

I think the heart of the problem for people wanting to day trade is that they consider the instrument that they wish to trade as the derivative, it never occurs to them that their thought patterns and mindset ( on 2nd thoughts, make that SETmind) are themselves derivatives of what is required...

This is without a doubt, the single best best piece of good advice I have ever read on ET. Through it`s sheer simplicity it is outstanding and I commend you for it nononsense.

Trading is just what you make of it.

Nod32 is excellent

I am of the opinion that unless you use discretion, the size of your drawnloads will prevent you from really moving forwards. The problem is, the market has many moods and unless your system can cater for this event it will brutalize its way through the day,,,, by brutalize I mean that it will...

For what it is worth, I think that in order for ES to reverse it needs a minimum of 2 independent signals before looking for a good entry point. I take divergence seriously particularly at the end of a run, but it is in fact no more than a double top/bottom, sometimes equal and sometimes...

Hi jwecme, You need practice, practice, practice. If you dont already have one, then get onto a sim and trade like your life depends upon it ... in fact your financial life does depend upon it. A sim is far from perfect, but it will show up the flaws in your logic and until you can master...

You make a very good point nononsense. Much is made of the word trend, but before a trader can throw such a word around with gay abandon he/she must first define a TF (time frame) in which the trend forms. Now the fun begins. Either you will become a BO boy (breakout) and your risk will...

Top the morning to you Albrady. I used your method for years with mixed results until one day I tried just dividing by 50 and got a much better result. You should try it sometime.

I mentioned in a post earlier that there are several matters that I am not prepared to discuss, software being one of them. It may at first seem to be mean spirited but I can assure that it is not. The principal decision that we all eventually come to in order to trade well and enjoy the...

Morning all..... This will get us all off to a good start A young city boy, Kenny, moved to the country and bought a donkey from an old farmer for $100.00. The farmer agreed to deliver the donkey the next day. The next day, the farmer drove up and said, "Sorry son, but I have some bad news...

Gracias JJ ... if your juju is working just stay with it and grow. As a great man once said " there are many many ways to skin a cat, just so long as you wind up with a bald pussy" Actually, that could be the thought of the day.