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Yes, the market simply offers points from which you accrue your daily score. Lets take Fridays gyrations in CL (Nov 6 2009) which offered 674 points, 10am to 2.30pm (9 'legs' at a mean averarge of 74 points per 'leg'). The premarket and early market in CL (say from 6.33am to 10am) on the same...

Lets take the 5 days of the past week (Mon Oct 26 to Fri Oct 30 2009). They produced sequentially per day (9am-2.30pm) 811,801,869,1127 and 1476 points in NG. Thats a total of 5084 points in 73 'legs'(swings) each at a mean average of 70 points on a minimum of 35 points per 'leg'. The size of...

Both CL and NG continue to facilitate daily net profits, day on day, for putting together a plan of consistent success for the individual trader. Follow the intraday gyrations. There were 5 gyrations on Tuesday Oct 27 2009 for CL during the session 10am-2.30pm (gyration = 2 legs, up & down or...

You are on the wrong tack. NG and CL, usually, on an every day basis, offer wide movements, namely one or more big moves. 'Katrinas' or '9/11s' are not necessary. Study the gyrations with serious purpose by looking at the detailed metrics of the energy futures markets. :)

You plan your legitimate tax avoidance at every stage. I do not mean evasion or forms of evasion. I mean legal tax avoidance for your trading arrangements. I will pay taxes where of course they are indirect: sales tax and various federal and state levies of which there are many. But I want...

The topic of this thread can fail to make sense if the semantics of this debate have different meanings to the beholders which this thread has shown to be the case. What you're dealing with is that most amateurs in general either cannot comprehend or cannot comprehend sufficiently the...

In large coporate bureaucracies or government bureaucracies across the world there is little or no effective leadership at all levels, sometimes including the very top. It is the human condition of apathy and petty self interest which is the center of gravity. You have to do no more than...

ES and YM are fine to daytrade. These days they are often slow paced and offer much less points than when the recent financial uncertainty was ruling the markets for several months. There are about 2 gyrations per YM session (gyration = upswing followed by a downswing or vice versa). If I take...

If we can predict volatility, can we profit from it ? Of course you can. However lets first deal with the semantics. When entering a trade you are predicting - predicting price will go up if you bought or predicting that price will go down if you sold. You could also say anticipating...

Lack of confidence in your system and thinking that your trades will be losers are the same point. It is the nub of your problem. ET in reality is almost wholly about failure - failure to find or devise a sufficiently profitable system and even if possessing a viable system then failure...

There is not really any such thing as Price Action. So called PA uses nothing but price? Wrong. If it did all you would need is one only single market price on the screen changing as price goes up or down. So called price action uses the history of price on the screen up to the current latest...

First of all and so far missing, is, what is a set of rules meant to do? To be unsuccessful, obviously not. But how many are there, trying to abide by a set of rules without becoming really successful? So lets set the aim. Is the aim to 'trade for a living'? All the time this seems to come...

All the points you made are a statement of the obvious although you put them in an amusing way. LOL. The systems promoted on ET (whether or not previously sold or currently being sold) are of course unproven as to any verified accounting and the proponent usally can't successfully call his...

The requirement is to know about the next trading day, not the next 10 or 20 days ahead. For an individual player, all you are dealing with, is taking the most you can take from a days trading. You are therefore going to take the most points you can from the days gyrations. Your requirement...

You are unsuited to trading. Quit. Trading is not love; it is not a love match. Whenever I read 'love' and 'passion' for trading I know there can only be failure or disappointment, partially or wholly. In trading you are confronted with a puzzle. Problem solving is the necessary ability...

In general I don't use stop or market orders. I use limit orders continuously as I am in control of my trading and ought to know what I am doing. I get PMs, asking questions, from time to time which sometimes I don't even have the time to reply to but I set out here, briefly, a few answers...

NG xxxxxxxxxx YM xxxxxxxxxxx CL xxxxxxxxxx EUR/USD b8.11 xxxxx xxxxxxxx s8.27 xxxxxxx s8.30 xx b6.24 s8.36 xxxxx s9.13 xx b8.40 s9.05 xx b8.41 s9.09 x b8.51 s9.08 b9.41 s9.52 xx b9.27 s9.48 xx b9.33 s9.48 b10.54 s15.29 b10.25 s14.50 b11.27 s14.28 b10.26...

All that you write is valid. Failure is the adhesive of society; it is the common ground. Most have to make do as employees. Failure and fantasy is the moving picture of ET. Even the few who make themselves into big money have known setbacks before and during their march to great success. :)

A 'Fortune' article (Fri April 24 2009) estimates that the Madoff scheme drew in about $20 billion in total. I quote: "What isn't going to happen is the miraculous discovery of a giant vault with $65 billion in cash. That's because that $65 billion -- the most widely cited figure for the size of...

It is true that if you do not have an accurate and reliable methodology to deploy then any psychological ingredients that assist or hinder successful trading are irrelevant. Hence it follows that where the pyschology forum is inhabited, as it almost always is, by those who have psychological...