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Hehe --- In my case I need to learn how to get the 9 iron out of the bag here --- much less hit it but these forums are very helpful

Agreed --- first step I think is learn how to make them profitable at all -- not suck every dollar out of them you can kinda like when you learn to hit a 9 iron first you just aim for the center of the green as you get better try to get it closer to the pin but dont think you can get...

Absolutely correct Anek - I am as green as they come! (and we all know what Kermit says about being green) so my first book is Murphys Technical Analysis of the Financial Markets --- in your opinion is that a good place to start? Thanks again

hmmm ok so.... let me play that back see if I understand some of the indicators are based on price action and you need to understand price action to interpret the indicator correctly followup question...... which indicators are based on price action (all of them or some of them)...

Got it! Thanks

whats the ES mini?

OK - the noob is at it again Reading lots of threads here and getting awsome feedback Thanks especially to WestWall, HWKaiser, Anek, Optimistic and 2ManyWhiners Im trying to get my arms around the reasoning behind using price action v technical indicators to find entry/exit points...

WestWall -- thanks for your patience and excellent feedback. I really appreciate your taking the time to share your knowledge Several questions/responses below under your quotes

This is the first time Ive seen RP speak My first reaction is -- he is not very articulate Somewhat of a rambler Bernake seems neither pained nor bored (certainly not farting, IMHO) The counter argument to the question of the weak dollar is, (again in my humble opinion) currency...

whats a scalp?

hi snugglepupps yeah - the john murphy book comes up high on just about everybodys list I ordered my used copy today for 39 bucks

errr. scuze me november 07 calls @ 7$ 'ee cummings was a co-developer of unix'

Ok - so ...... In my second week of this learning process (ok 3rd) So Im trying to get a basic understanding of the questions: when do I get 'in' and when do get 'out' The way I see it (as a noob) - and from reading lotsa lotsa really informative posts on ET the world breaks down...

You know, I had Nov 07 calls on GRMN at 4 bucks I bailed when the shares tanked silly silly silly

Lousy risk / return profile ? Well,,,, see thats why I asked I thought it was pretty good - essentially a 50% return on the money I have at risk what kind of risk/return profile do you work with (if I may ask?)

OK So I bought 350 shares of BSC @ $99.5 I put a stop loss in at 90 So I have $3,345 at risk I will sell at 104.5 in order to make $1672 Simple reasoning BSC is downtrending (lower highs, lower lows) but it is also being pounded in sympathy with the sector It bounces up after...

Well youre doing better than me so far I have been at it for 2 months and have not concluded its a farce yet (Investools that is) But we wont go down that path here. There is an existing thread for commentary on Investools (Investool Anyone?) on ET The first book I bought (yesterday)...

Just posting here to be informed of new additions to the thready Anek I stumbled on this thread and your mentor thread in the psych forum --- Im interested in your point of view so..... just following along

what was the news?

not looking so good at the moment but hey, look how quick things changed this time yesterday