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I've mentioned this before, but I think Joe's book isn't about trading, but rather about how to organize yourself into being a better trader. I found it to be a near perfect compliment to The Logical Trader. I may be biased, (because I think for a guy who's on TV daily he's more "right" than...

Ok, I like this, so it'd be like the 3 day or daily pivot Fisher talks about, but would give me the type of price action tells over the course of the week. Above bullish, below bearish biases, and easy penetration or good A's through it would be strong moves. Pretty sure I could code that up...

Working on a little something that I wanted to share with everyone, (get some feedback). I play mostly at the weekly levels, looking for confirmations or failures to position myself against. Since many of you use the 5 day line to gauge strength for the coming day or so, (in order to sense...

Guys, Mav talked about a weekly A up in nat gas being a good place to get long after the test of the qtr. Looks like that trade is upon us.

Hey Shan, Thanks for the post. I highly recommend Joe's book. It's exactly what I like in a good trading book, (very little about execution/filled with stories to learn from). Instead of wasting time on setups, (though they're covered on more of a macro basis) he talks about taking steps to...

It's funny, because despite all this, (and others may have different levels) I don't have hardly any confirmed quarterly A downs. Most everything has managed to bounce, and the few things that I thought might confirm coming into the week, (specifically health care) have managed to bounce or...

Along these lines: ZZ, decent price action today all things considered eh? P.S. be careful, this is really inexpensive, (in dollar terms)

Interesting, my lack of ability to code thinkscript has forced my hand with regard to manual charting, excel, etc, but I think you're right, and I do feel like I "own" my strategy more when I'm sorting/filtering and drawing my levels in. Good point.

Nice Mav, great find. Also, notice the response in the comments section. Someone likened being in "tune" with the market with an athlete being "in the zone." Funny you just mentioned this. P.S. how's that ICBC thing going?

Good stuff here, I like it. Something I used to do a ton was draw A ups and A downs, like literally take some graph paper, and draw the check mark type action of a failed A down for instance. Similar to what you're saying here Shan. Trying to train my mind to see what the price action I...

Wasn't sure I had a ton to add on the subject, but I meditate daily, helps me to remain logical in emotional situations, but as I was one of the few chiming in with Shan looking for some help with regard to emotional states and their effects, I'm not sure how helpful this is. LOL Also a big...

Sorry, that was Shan. Just wanna make sure he gets credit!

JNJ, ILMN, BMY, BAX, DNDN, FMS - (if it can confirm that monthly). Just a few names outta some of what I'm seeing. Just pulled a quick one out of FINVIZ, looking for optionable names with decent short interest. I'm gonna so some more work now. Looking for names that have confirmed the...

Oh yeah, no plans to jump ship, it's just interesting to begin to look at something different. Absolutely no plan to change my plan, (not yet anyway). ;)

Ok, last post, I swear. Look at XLV, what a mess that's been. I had been talking with some of the folks who are regulars here about it getting a little ahead of itself with regard to the assumption that Obama Care was going to be thrown out. Now we've got monthly A downs across the board...

Something that I might add is that the XLB seemed to hold up better into the end of the week than most of the other sectors. Look at FCX for example, it's been a dog over the last month or so, and yet this week it was essentially break even. Interesting action there. I'd been following SWC...

Wow, there's that concept of confidence again huh? Good stuff Shan, thanks for sharing.

Shan, thanks for bringing this topic up here. Mav, as always, amazing stuff. You're right, this is about 100% the opposite of what we're told. I totally packed it in this week thinking, well, I did ok, so I should stop. And I can't tell you how many times I've thought, bad trade man, guess...

I think this is an interesting topic and I'm interested as well. I think I'm decent with regard to risk management, (initial take, total position size throughout the trade, and honoring my stop). Something I'm interested in learning more about, (and I think, if I understood correctly Shan as...

Looks like SBUX just isn't ready to quit yet. My quarterly level is, (or perhaps I should say was) 59.39, and it seemed to make short work of that today. Went out in the after-hours at 60.80.