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The assumption being the terrorists are so smart they know which way the markets will react to the news. OK fine they are well capitalized too. The question is--if they are that friggin good why don't they just get jobs as traders? Oh, I get it, they are terrorists so they don't have to get real...

Flatness? Please don't mention that word around this forex/futures trader. Pure kryptonite.

Oh yes I forgot. There's I don't know as well. You probably won't find that in your T/A textbook. Up, down, sideways, and I have no idea. The latter seems to be verboten thinking amongst the experts. Rarely do you hear the reply, "I really don't know" on CNBC. You won't be invited back.

Well the way this trader looks at it, any market is either going up, down or sideways. Then you have different time frames where they can go in two directions or more at the same time. But usually the bigger time frame wins. And the markets seem to stop at old highs and lows, support and...

Are you saying that breadth is an important indicator for the stock market? You may have discovered something here.

Not as much fun money sloshing around in commodities. Makes me wonder if equities can be far behind. Trying to keep an open mind, as usual. I've fallen in love with my own ideas too often

Perhaps the markets are telling us something? Near old highs with a lack of interest. At a time of year which is usually active. That alone gives me pause.

Noon is sort of like Cinderella's midnight--that's when the chariot turns back into a pumpkin.

I used to try to trade Europe open after a nap but it just isn't good for me. I seem to be doing OK just 7 or 8 till about 1030. The liquidity is nice. I used to get caught in counter moves between 5 and 7 am eastern. You just have to look at the charts in context--heres the early move, then the...

The funny thing about these threads--the peoples most able to benefit from the discussion they started is nowheea to be found.

Basically I agree to this point. I trade forex now. Part of the reason is money mgmt. I've traded futures but I couldn't cut my position low enough to match my capital position (POOR!). But even on a tiny tiny 1K lot with a pip loss, I find the trade is still in my head and I just don't want it...

Just pulled out my copy of "The Hour Between Dog and Wolf" by John Coates. Basically if you look at sports and nature, our reaction time alone doesn't explain our successful response to threat or opportunity. There just isn't enough time once our brain processes the stimulus. He also discusses...

It seems to be premeditated, in a lot of cases. I took a self-sabotage quiz years ago. Scored pretty well in some areas, average in others, then poorly in a few. I knew I couldn't trade until I dealt with the worst ones. After twenty years they are still there--being organized and having a...

I could go on and on about this type of behavior--adding to losers. It means breaking my trading principle, which is to stay on the right side of the market. Yes I will add to a position within a range. And I'll buy or sell the first retracement after a breakout. But if after a period of time I...

Not everyone is visual or trades visually, rwk. But I am/do. Don't trade options now, but I use the same visualization skills in currencies. When I'm on its scary--i can look at a chart and see what's most likely to happen. The key is understanding that's not always there. Sometimes it seems so...

Thanks for the info rwk. I once asked Mickey Hoffman for more books to read and he suggested that book. Mickey ran a course to teach floor traders how to trade in Chicago. He probably taught half the floor traders the hand signals necessary to trade. Mickey if you're out there I want my Jimmy...

There's no crying in baseball. Or trading.--Swimr

First of all I would say Bill Gross is a little distracted. If he wants to sue his former employer, go ahead but he should not be trading while it is ongoing. I also question his basic spiritual health. Why the need for vengeance? He's already said he would donate any winnings to charity. So...

Not sure I follow you. What wave of which candles?