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I can give you three I like-- but they do offer their services. One just passed so he might be more of a soft sell. OK, Mark Douglas for trading and market psychology. Linda Raschke. Jea Yu. I have used bits and pieces from all, and met two of them.

In trading, as in sword fighting, there are the quick and the dead.

It means take everything you are exposed to with a grain of salt. One of the greatest prizes of trading is being able to think for oneself. There's usually opportunity in the middle of change. And there's always going to be fear and greed.

Right, and it also calls into question ideas about a vast conspiracy-any of them. They are not that smart and they are a bunch of hiney smoochers from academia. The only thing they plan out is protection. Rearend protection. IMO stories like this add evidence to the idea that the markets are not...

Sorry, wrb--, let me give an example, you can,understand. The Maple Leafs are down 3-2 in the third period to the Bruins. Again. There's a minute left. What Could happen? That's right_the goalie Could be pulled. About 99.5_percent of the time. Otherwise the coach is going to lose his job. Sooner...

OK here's another way to look at it. It's the eighth inning. Pitching team up by a run. No tied. One out. Men on first and second. Batter has a 3-1_count. What kind of pitch is the batter likely to see? That's right, a fastball. A really fantastic pitcher can throw a slider down and away and get...

Remember the trend change is caused by price action. More buying means more pressure on the individual time frames. And vice versa. It's just that a 5min reacts quicker,to change than a daily. Thus it has less power, too. That's the way I've come to understand it. So you can't lean on a 5_min...

To say that it should is based on my experience, not any statistics. And nowhere is that implied. And it could be completely wrong. Also, we are watching market action. If you want to trade it go ahead.

OK thanks but I say should here cause of the context. The market is approaching a previous high. It should reject it,at first. Yes it's just a probability.

OK this is how I see it. Euro bounced up hard last week and surprised a lot of traders--caught them short. It shot up, then retraced to around 1.08. Then bounced to 1.0850_area. Came down now retesting 108.50. Usually it takes 3 or more pushes in the currencies to break through, so I expect...

yes

yes 1.34_area should be support. Key word area. Just have to let market do its thing. I would stay long, add on dips and maybe sell a little on strength. BTW this trade very correlated to price of oil(inversely)

yes I would pick that high as the reference. There's an ascending triangle after that--higher lows against a flat top. That's what attracted me. USD/Cad can be very choppy. So the long trade is still in effect but expect chop. There's not a lot more going on here--it should stay in an uptrend...

Take a look at euro as it approaches old high made earlier today. I have no idea what it will do. It should bounce to the downside at least temporarily off the resistance.

Yes after trading eminis and stocks, Spy. I tend to look at the bigger picture. Not really into the inside game on stocks. I've traded individual stocks but I look at them as proxy's for the market as a whole. BTW I didn't answer your question about trendlines. Later.

It's not stupid. If anything courageous cause there's so few that will ask about what they don't know. Myself included. OK, if the daily, hourly, and say 15_ min are pointing, basically up, it means that the price of the instrument you're watching has risen over a number of days, with fits and...

Take a,look at the euro/USD over the past weeks and days. Strong downtrend, strong reversal, retracement, sideways consolidation. The trade should resume to the upside here but its going, against a bigger timeframe in the opposite direction. So I would trade it more cautiously. Smaller. And...

well the best trades seem to be when you have the daily, hourly, 15 min, and shorter all lining up. But then you need to learn how to trade a retracement cause if everything, is pointing up there's less opportunity cause everything has already moved. Time frames overlap cause you can have...

yuk,yuk

Thanks PL. I've been told, though, that you can teach a child to trade and they will just do it and not suffer the psychological pain of violating their rules. Never seen it firsthand. Anyway could you give an example?