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Yes exactly, because you are willing to absorb and think about what he writes. The problem emg and others similar face is that they do not have a strong enough foundation to know what to discard and what to think about and quite naturally this can lead to frustration. Because they live...

Here is a little something I wrote a while back ...... Most people simply do not understand the big Trading picture; and as a consequence everything they attempt to do in greater detail than their broader understanding, is not going to bear fruit................................ ie ... if...

The Industrial Revolution did not happen overnight in Europe. US escaped all this and so it's industrial growth began off a clean base in the north whilst the south remained largely agricultural. Starting 1870's US manufactured goods started arriving in Europe at an acceptable quality and...

Well the curious thing is that most assets remain in place, it is only their values that are questionable. Over time these values will come into line .... a little inflation and little writedown .... should only take a few years. What does change though is who holds the money when the...

Everyone on this thread has something to contribute. From a point of view, to an eye for detail, to well reasoned logic and of course pure entertainment. Those who trade can spot those who don't in a second and those who don't, have no idea what I have just written. But in an attempt to...

excellent work Humpy ... with the exception that SA is correct and the only thing that I would add is that 2011 will make 2010 look relatively stable. "cheer up, things could get worse" and sure enough they did

Just drop the ego and open your mind otherwise you are wasting your time

I am not your mother ... there is plenty here within this thread for you to think about

I don't think you are a moron, but you exhibit no understanding of the basic principals of ES trading. If you dropped the ego and allowed your mind to open up I think you have a reasonable shot at becoming quite good at this game.

Very wise. But if you miss a profitable entry consistently by 1 tic, then move your entry by 1 tic. This is quite different to moving it by 2 points.

So you are thinking about MANAGING RISK ... good on you it will fall into place

Once you get your head past the profitability step in your trading journey, try telling yourself ... RISK.. IT IS ALL ABOUT MANAGING RISK in a game that is stacked against you. Once you start thinking in terms of RISK MANAGEMENT, good things might start to happen for you. Your posts at ET...

What a fascinating piece of fiction. When you buy/sell a pullback shortly after a change in price wave that has survived the first test, then what you are doing is placing your entry close to your stop. In the event of failure, not only will your loss be contained and small but there will be...

DIS-CRETIN-HARRY EDGE trading in the ZONE

EDGE trading in the ZONE

I would suggest that you take control of your own training and use ET to your advantage. There is a lot of accumulated knowledge here but very few professional traders. Don't let this bother you because at least you know where you stand from the very beginning ... unlike a paid day trading...

Ah, I see that you are a thinking man. When the price goes up, it just goes up and you can figure out the "why" as you bank the profits. This game is only about profits ... try not to confuse it with other things

Try trading the price instead of the VIX. If there are large Traders pushing price up, then up it goes.

I think that if the price is going up, then buy the dips

I had a quick look at minutes 24 - 30 of this tape. What he is saying is that you establish the risk FIRST by assessing your pro stop and then setting your entry on a "take it or leave it" basis. ie if you establish that 5 tics is an optimum risk on ES the entry is +/- 5 tics from your pro...