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What I look at is the COT. For example, gold had the higheet historical non-commercials in history making it rip for a sharp drop. You will also view the changes in positions and who all the recent big players are.

The stock indexes are in a contracting triangular pattern - as a breakout/swing trader this is exactly what I do no trade. You get big velocity breakouts that fail in these conditions, only when the weaker hands are flushed out will the true move launch. Gold, silver, and GBP have broken out...

That I can go with but one thing to add - the pros are the most active on the last hour of the day, the closing price is everything in classic TA because this involve the positions being held overnight - whereas a lot of the intra-day action are small fish day trading, arbitrage, and HFT gaming...

Best trade I ever made was leaving San Francisco for Maui in in the 90's.

Never had and never would join any type of trading chat room - for me any external input will make me start second guessing what I am doing. It would be stupid to assume someone is profitable because they say so. Are they showing you at least several years of audited tax records by and...

I had always read that women do a lot better than men, I figured it was the ego that got in mens way. I try to stay in a zen state all the time, which seems to help my trading. More and more successful traders are meditating before the trading day.

My trading results do not equate to wining or losing. I execute a system, I am not watching the profits or losses until the trade is over than it is recorded. As long as I stick to my own conceived best practices for trade selection and execute the plan then I have done well. Does a flat or...

Overnight said: Ya' can't trade sim with real emotions and goals. In sim you can trade only with sim emotions. Don't fool yourself man. ____________________________________________________________________________ The SIM is a joke for learning how to trade- it is good for one thing only, leaning...

There are more successful traders that believe the edge has now shifted to favor them over the HFT's/algo's. The reason for this is rather simple, when so many market participants are using automated trading they lose alpha. HFT's, algo's and dark pools leave foot prints, a skilled...

Pretty common for Asian families to have multi-generational households. I don't know why people keep latching onto this, it's petty. ___________________________________________________________________________ I lived in predominately Asian places for the last 20 years. Asian parents would...

There's a big difference between market manipulation and being a good trader. Never heard of any man living at home at that age, hell I left home at 16. This guy has piles of criminal charges a mile long - The Feds just don't lose cases like this - it's unheard of. I am sure the captain of...

TA has always incited a wide array of theories from those that never have bought a book on it and truly studied it. That is why I refereed to it as 'classic'. If you follow the classic TA there really is no debate. Today's traders are more likely to be day traders, with a 96%ish failure rate...

WOW, lack of knowledge big time here. Just cause you don't trade or can't trade using TA intraday doesn't mean it doesn't work, it doesn't work for you, and that is ok. ___________________________________________________________________________ I can tell you know nothing about the market...

Hate to be all over you but there is no way an intra day chart holds equal weighting to price crossing a previous quarters high which is a signal nearly every hedge fund and institution is monitoring world wide. Intra day is noisy - arbitrage, day traders, hedging, etc. Only the closing price...

Not trying to be a know it all - if TA works for you on a 1 -5 min chart than great. But keep in mind the HFTs and hedge funds are very well aware of the patterns on the 1-5 charts and they are experts at creating false breakouts to trap the twitchy day traders by swinging price violently the...

Thats just not true - show me one classic TA book that looks at intra day price action - even the new school top techs like Bulkowski only goes down to the daily charts. People that chant this mantra of 'it must work in all time frames' are those that never studied it, I was there a long time...

Actually you have it backwards - TA was never intended to work in the short term, hence classic TA is centered primarily around weekly charts , keeps an eye on the monthly & quarterly charts, to fine tune the entry uses daily charts. It works today just like it did in 1925. Most new traders...

I had read an article that a bubble crash is already priced in - unlike no other time in history. The banks, insurance companies, etc. have already hedged for a bubble pop. Only time will tell. In 1999 everybody knew we had a massive bubble, yet the crash still caused a gigantic shock when is...

Flash crash' trader Navinder Singh Sarao was worried 'people will become aware of what I am doing' ______________________________________________________ So this Nav guy is who some people here admire? A 36 year old man living at home -pathetic. Nav faces very serious criminal charges and is...

There are some who think the market conditions change, long ago I use to think same way, you play the game long enough, you will see it happened before. ____________________________________________________________________________ My 2 favorite trading books I often look at were written by...