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Waiting on the day when he croaks live on CNBC at a fed meeting.

Most people consider Greenspan to be the best Fed chairman to date.

Well, I was wrong.. everything was set for a down move, downtrendline held, divergence short, shooting star candle, but not much followthrough at all. 200 MAs broken to the upside, this has every sign of being the possible end of this 3 year bear market. Flame me in a few months if I'm...

ES target 3 points, stop 2 points, BE at +2.25

Yannis should be able to help you.

I don't know what the fundamentals are, but I don't see anything that would warrant an entry either in either direction. You can do better with something else.

One of the best indicators I've seen is the Yahoo stock boards.. they are the true indicator of the "dumb money" group. For example, the MXO (Maxtor) group just has strong buy after strong buy recommendations by everyone .. yet a blind man can see a downside breakdown on volume and now...

No, they're not useless if you know how to use them. Problem with most traders is they hop from method to method, indicator to indicator and never really master any of them.

Thanks for the link. I spent 4 minutes moving my mouse cursor around in utter glee.

Arctic Eskimo ?

I think you have to factor in market conditions, and critical support, resistance, trendlines on multiple timeframes. Trading off a pattern is fine, but a dominant resistance level on the daily chart will probably get in the way. Trading is all about market awareness and doing your...

Can you survive on negative trading income for a year or two ? That should be the first question.

I play Hold Em on Yahoo, which is actually pretty competitive for me. Moderately profitable on there, depending on my discipline.. which comes and goes. Sounds like trading.

Use some moving averages and watch it braid. Look at pivot highs or lows get taken out with no followthrough and then reversing. Therefore, trapping breakout and trend traders but not having any followthrough the other direction. People then just give up in frustration and sit on the...

What's wrong with IB's support? Their online chat thing always gets responded as far as I've seen. I can't say I always get someone that is bubbling with false enthusiasm , but that's hardly worth higher commissions.

Extension

Win Ratio is easier to keep constant. Say, move to BE + a tick after it moves a point. That way, you have a win on that trade after commissions, even though it's just lunch money. This will adversely affect your average win, but should greatly improve your number of losses.

Maria Bartiromo

Believe it or not, most of the better trading books I've read were published before the .com bubble. try Stan Weinstein Profits Bull Bear Markets Pit Bull - Marty Schwartz Mind over Markets - Dalton Japanese Candlesticks - Nison Trading in the Zone - Douglas you can get them used on...

1.75 to 2.5 would be optimal for daytrading in my opinion..