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I personally doubt he trades but if he's just a vendor I find it fascinating the amount of work he's put into creating a whole language around trading. I mean if he just wanted to sell stuff there are easier ways to do it.

Seems like forex factory's calendar doesn't include key market moving events relating to oil. Anyone know of a good site that does?

I don't think it's possible to day trade successfully using just candlestick charts and volume. You miss too much information that you can find on things like price ladder, footprint etc.

I could never believe he actually made millions trading off moving average channel bands. Always thought he must have been one of those traders with an intuitive feel for the market who doesn't understand how and why he makes money..

Aren't Zanger and Minervini selling buying medium term trends in liquid stocks? Not sure why that wouldn't scale up.

Curious for those of you who have used ACD in the context of day trading: it seems like the initial stop is usually a substansial proportion of the daily ATR doesn't this make it hard, over a number of trades, to manage the risk/reward of trades?

The playbook for US prosecutors is to threaten you with 100 years in prison if you don't take a plea. If they offer him a plea bargain of say 3 years he'd be brave to roll the dice and risk ending up with 10+.

How many have 25%-30% annual returns?

I think his work is about 20% trite and 70% bs. Print off lots of 5 minutes charts and you'll find the patterns aren't there or if you are trading them off 5 minute charts half the move is gone by the time the 5 minute entry bar closes.

No mention of the FDIC in this drug addled zero hedge post?

What are you babbling about?

I really liked Pitbull but heard that recent interview with him and you'd never have known he was a great trader based on that interview.

I love people like the OP think the Fed is staffed by complete idiots who are unaware of these kind of critiques. If only Janet Yellen bookmarked zerohedge she'd know what to do.....

I know most on here use acd for more long term trading but it seems like (at least with the grains) lots of days regular hour sessions open well above the pivot (based on previous day's regular hours) and the pivot gives no useful information?

Yeah this part I don't get. Most guys who make money selling trading courses etc. don't have a high paying career to fall back on.

Just read Atlas Shrugged?

All of those arguments only makes sense for civil cases. It's disgraceful that the FBI allowed itself to be used as Goldman Sachs corporate security.

Same. I wonder if everyone has suddenly realized they need to sign up for market data?

What a piker I could have done that in half that time. :rolleyes:

There must be infinitely more magee and edwards type chartists these days given how anyone with an internet connection can access charts. It was a lot more work pre-internet.