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BillyRay1, Thanks for that info. I have not been following the metal's news over the years so I would not know. During the bird flu scare I have followed the poultry stocks and I have discovered the most outrageous manipulation of the news. In one prominent article they mentioned the...

(NYT) Honda to Use Exhaust Device That It Says Will Cut Costs Several of these articles appeared in the past week, the one in Reuters cited several Japanese companies who independently found workable solutions to completely replace the PMG group in converters. I was thinking is this...

There is a total misconception by the politicians, the public and less experienced traders that a contract with a high delivery ratio would be better for all. That would mean that commercials would totally dominate the market. I would be surprised even if more then .5% was settled with...

Let them ponder this in Washington: Rising prices encourage increased supply. So speculators - if they were really responsible for the parabolic price rise - were instrumental in getting production to higher levels and consumption down, all beneficial. :)

You don't get it do you? You and I are not in a recession because we are well to do but the average person is not well to do. Just two items: People with low paying part time jobs can't afford to drive to work because it hardly pays for the gas and the upkeep for the car. My...

True story about LW. In 1973 or 1974 when I was a budding commodities broker I had a client who lived next to LW in Carmel, CA. This dude passed all my trades by LW. I just put on a short Soybean trade and a day later LW called me up. He said: "your trade very well may work out but I want...

I am certain we are in a recession, and not even close to the end of it. While they are precise economic terms describing what recession is, in the last month or so for the very first time I have noticed a lot of for sale sign on cars in the middle class neighborhood I live in. One of...

LOL, I have just read the post above mine. Needless to say what ever works for each person is the best. I do not have a feel for the rhythm of the market (or music) like some traders but have good visual acuity so I rely on visual tools. GC

So far I have not figured out how to make TRIN useful in scalping but here is how I use TICK in scalping YM. Very often when I made a bad entry I realized that if I waited for TICK to pull to an extreme the entry would have been better. So, now I enter when there is a big TICK swing against...

from newguy5 "Stop being such an elitist snob and sensationalize non events. "The largest NJ city 10 miles from Wall Street" is newark, the city is well known as the ghetto of the country for at least the last 2 decades, so why are you all surprised a HS kid or someone working as a cashier...

I have used all three, IB, TS and TOS. Currently IB and TS. When I opened the account with TOS they have not been set up for futures yet. If TOS would let users trade all instruments from one account like IB I would close my TS account in a second because the segregated account feature of...

If the statistics could show the proportion of functionally literate it would be even scarier. Many people are holding HS diplomas from large city schools who can't even read. Ten years ago or so (2 miles from Wall Street) I had an apartment gutted out in a building in a large NJ city. The...

I was a developer at the time of the crash in 1987 and by 1990 the banks were flooded with property that they were not equipped to handle. In one instance I was late with payments on a rental property (I was milking it to float other empty and half finished projects) and after selling two...

I used to follow the Notes but no longer because I observed that the index futures initiate the moves most of the time, perhaps because the urgency to get in and out by the more mercurial index trading crowd.

As scalp quite a bit and I have enjoyed reading this thread and I am learning from it and I would like to share some of my experiences, but first, the following from IndexScalper rings so true to me: "Couple of problems that come to mind - pressing harder when nothing is working...

Retire45, You may have a better handle on where to place stops if you also kept an intraday (58 min, 60 min, 65 min or 90 min) chart with an oscillator(cci, stoc, macd or rsi) that defines your swings.

The Brazilian community in Newark, New Jersey has been growing by leaps and bounds in the last 15 years I have followed it and it is thriving. This could be a generational thing. People work hard here, save and go back to their country to retire and collect their US SS checks there.

Your personal talent - as a manifestation of your skill, determination and discipline - is your edge. Best, GC

One thing about Hershey, I have read his posts once in a while, he knows exactly what he is talking about, whatever that may be. He invented a precise vocabulary (because of the lack of commonly accepted detailed vocabulary in technical trading) and logic. In order to understand his posts...

There is at least one reason why one should chart options, at least for a while, to get an appreciation of how the value of an option can disappear and balloon back to life. An other is that different strikes and expirations gain and lose value at different rates which may be visually (by...