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I see it now! Thanks Spyder and Jander (and ivob too).

Yes, and more importantly, I am wondering if it is right to go long between 10:00-10:06 based on the YM FTT.....

Spydertrader, Thank you for the clarification. However, an almost exact situation existed earlier at around 10:00 AM when the downtrending 2 min YM had an FTT and subsequently BO over the RTL and ultimately resulted in another FTT around 10:26-10:28. The downtrending 5 min ES however...

Folks, What is the correct action @ bar 15 (the bar ending @ 10:45) through bar 18? The forest level trend is down and bar 15 touches the LTL on high volume. Then bars 16 and 17 retrace to the RTL on lower up (black) volume. A resumption of the downtrend (or at least a potential FTT...

For me, I became better at anticipating / identifying FTTs when I set aside the entry-exit mindset and instead just focussed on the process. It wasn't easy, getting rid of the thought process that went "OK, is this an FTT @ 1450.50, if so an entry at this point looks good for 3+ points, but...

Some bad guys identified, hope they are extradited and locked away...... http://www.sptimes.com/2007/01/26/Business/Student_accused_in_st.shtml Student accused in stock scheme The SEC says the man, 21, hijacked online accounts to drive up stock prices, then sold. By Scott Barancik...

Excellent article Dr. Brett. May I ask for a clarification? Can you define some/all of the "inborn talents" that you have noticed in successful traders? What NATURAL ABILITIES do they possess that give them an edge even before they start the game? Thank you!

Hi Spydertrader, Thank you for producing and maintaining this excellent journal. I hope you will be continuing this journal next year. If so, will it be possible for you to describe Jack Hershey's methods for futures trading (SCT, FTTs, etc.) as you have so kindly and clearly described...

The following article by Dr. Brett Steenbarger asks a very similar question: http://traderfeed.blogspot.com/2006/11/is-money-rationale-or-motivation-for.html The last line sums it up rather nicely -- "A rich and fulfilling life outside of trading might just be the best trading strategy of...

Hi Don, What rufus says makes sense, but if you do know, can you tell us the number of traders at your firm (either as a percentage or a raw number) who make more than $250k per year? Thanks. -kk70 Also, a success rate of 35% is VERY good IMHO, considering that most surveys state that...

:D

gurzilla, I think it's a good idea that IB has frozen your account - for your own protection. If all brokers froze accounts that traded a "pump and dump" stock, then it becomes easy to see who profitted from the scam and equally easy to take action against them by seizing their accounts...

Scary stuff !! I think all brokerage firms should institute a 1 week hold on outgoing funds. That way, scamsters who want to "pump and dump" will not be able to quickly siphon off the ill-gotten gains from their accounts and disappear. E.g. if stock X shows unnatural activity, then the...

gurzilla, Can you update us on what happened to your position? Was IB able to get to the bottom of it? Was it a virus on your computer, a mistake by IB's accounts department or an identity theft issue? Thanks, -kk70

Hi Nanatrader, I had a similar problem some time ago when CDs/DVDs from one computer where unplayable on the other (older) computer. Turns out that the old CD drive had a max setting of 16X and could play CDs that were 16X or lower while the new DVD drive had a setting of 52X and could...

That is an awesome quote!!

On a related note, I found "Overachievement: The New Model for Exceptional Performance" by John Eliot to be a very interesting book.

For some reason, the above link does not appear when I try to post it.

I found the following article interesting; poker and trading have a lot of similarities -- http://www.slate.com/id/2144866&GT!=8391

Sanjuro and Don, thanks for the clarifications.