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This is crude chart I posted 08-20-05 06:16 PM http://elitetrader.com/vb/showthread.php?s=&threadid=54107&perpage=6&highlight=mhashe%20crude&pagenumber=3 Chart

If you added the whole quote, you'd notice I stated it's not possible on the micro scale he charted. On a Larger time scale? .... heck how do you think the smart money trades? Examples below. Edit: With the use of obtuse terms which are explained by multiple pages of equally, if not more...

I must say these "Jack Hershey" threads have been fun to follow. The intense emotions on both sides are like debates on religion/politics. I can understand using channels in longer time frames.....but I'm not sure what Jack is getting to with all these micro-channels, not my cup of tea. Unless...

It's at support levels, although I do agree it's headed lower. Depends on wether Japanese Central bankers raise rates, if they do that will suck out liquidity not only out of japanese markets but also US markets.

With global stock markets pulling back....and barely a nudge in Treasuries and Gold, it seems there is a liquidity crunch in the works. Also I note that the USD is holding at current levels inspite of the incessant "world-is-ending" bearish news for the USD. Does this mean the USD has indeed...

The "Powers that be" are scared shitless about the ability to rapidly disseminate info via the internet. I'm suprised they have'nt shut down Google video by now.

I can safely state I make well over 3 digits. You should remove whatever is stuck up your ass and realize this was a warning. Don't cry wolf before seeing one.

This guy sounds like a "flipper" wannabe. IB is correct, you flash excessive trades and executed only 2. lol btw, IB should'nt just fine you, they should dump your account.

I disagree with your post. It seems after the recent mention of ET on Barrons and other financial sites, ET has become rife with Yahoo board type posters. I fully enjoy reading Mr. Steenbargers *FREE* research that he regularly posts on his various sites and I felt compelled to reply. When...

I don't see how the markets can break to new highs with liquidity moving out of equities and into money market funds. imo this is a retracement that give strong players time to rotate into safety and complete distribution into weaker hands. If this assumption is correct, then selling the top of...

This is a skill well worth developing if you're a scalper as sentiment is a leading indicator. Price is a derivative of market sentiment, and volume is a confirming indicator to price. Look into subscribing to a service that provides pit noise. I primarily trade the dow mini and use pit...

Better Link with stats http://www.dailyii.com/article.asp?PositionID=&ArticleID=1040590&p=1

I agree. Have the story printed in a local rag, send them a copy and tell them you're planning on talking to some national media next. Then watch how fast TD gets this resolved. Brokers hate to make public information like this.... fear of loss of future customers. More interestingly, how did...

I agree.....Looks like it'll take a dive. Probably will try a retest of 190 first as the late momentum herd takes a shot next week. Bigger question is what will the broader stock indicies do?

based on your expectancy to wash a trade...ie to get out even.....why not incorporate a scale out strategy. Out of 100 entries, how far in your direction does the average wash entry go before pulling back....use that value to scale out 1 cont. and wash the other...this way you actually lock in...

The second exercise is actually an extremely powerful strategy to rewire the neurons correctly. Often times when traders get stopped out or close out a position with a loss, they have difficulty instantly taking a good counter directional trade signal because of an emotional attachment to the...

The structure of the sequence is ingrained in nature, just like fight/flight reponse to fear/greed. Except for an enlightened few, the average Neanderthal has'nt evolved much, so his/her response is still close to natures constructs. That and fact that the pit traders lean heavily on fib...

Your first priority in life should be to get the best education you can afford yourself........forget about piking at some no name retail prop/chop shop and thinking you're some big time trader. Forget Music, study something that actually pays and can't be outsourced......knowledge you can use...

Deep stuff, and very true. Although I'm wondering why no one has suggested to the kid that he try getting a college education first before everything else. Trading this market is like shaving with a blunt razor anyways...... he won't be missing much and just might be able to broaden his general...

This is probably the best nugget of info for newbie retail traders in this whole thread. Also Dan Zangers stuff is pretty good way to make money from the markets....but only when markets going up. Keep your jobs/business and trade part time.