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Your original post had to do with questions about "volume" and its importance. I suggest that you will not understand volume nor its importance unless you understand the Law of Supply and Demand as it applies to the financial market as well as all other auction markets, yet your efforts so far...

It's clear, but, I disagree. The Law is about the movement of price to satisfy one or the other. If you disagree, attend a fine arts auction some time. There may be only one painting, and one seller. But the price is likely to be quite different if there is only one buyer, and possibly a...

Babak, In all fairness to Wyckoff and the Law of Supply and Demand, you're misinterpreting both. The Law of Supply and Demand does not address equivalence per se; it addresses supply and demand. Of course in order for a transaction to take place, there must be a buyer and a seller...

The Psychology of Trading: Tools and Techniques for Minding the Markets by Brett Steenbarger

I'm sure you think so. But you pay more attention to those comments that are complimentary than those that are not. At some point, dissatisfied customers simply stop trying. But that doesn't mean that they're suddenly satisfied.

Like so many companies these days, you guys just don't listen. Instead of addressing the complaints and concerns of your customers, you reply with something along the lines of "well, everybody but you is happy", or "it's in the manual", or "it's intuitive". Well, it may be intuitive to those...

And his new workbook is also very good.

Yep. However, don't make the mistake of thinking that the trendline provides support in July. Note that price tries to make a higher high the first of June but pulls back to the midpoint of the bar. It then futzes around for five days before continuing the advance on the 8th. It is this little...

Well, consider this, then.

"Too much analysis" is as characteristic of the lack of a well-planned strategy as too little or none. The ads I see these days aren't quite as bad as those from Dec '99 and Jan '00. But almost.

There will be failures throughout, almost from the beginning. The key is to avoid debilitating failures and stay in the game. But continuing to throw oneself against the glass and hope for the best is not likely to be a productive course.

Hardly right out of the gate. In brief, first he has to define his setups. These might be with or without indicators, computer-aided or manual. Then he has to test the setups to determine whether or not they meet his profit objectives. If they don't, he starts over. If they do, he then...

And what leads you to believe that he has a system, much less a consistently profitable one?

To call what mlbeers is doing "paper trading", however, is like calling what most American Idol contestants do "singing". Paper trading is essential. If one isn't doing it properly, or if one calls what one is doing "paper trading" when it is primarily guess-'n-bet, that's hardly an...

A newbie, however, won't be "trading for a living". And if he commits any of the errors you list, he shouldn't be trying. The purpose of paper trading is not to work out emotional issues but to determine whether or not the system can be profitable. Not "is", but "can be". Because if it isn't...

I wouldn't say "anyone". There are quite a few who trade for a living who understand that with a consistently profitable strategy, there is no "emotional part". No reason why there should be.

Sorry, I thought you'd read the book. It's not possible to learn how to draw trendlines with only a couple of message board examples.

Sorry, I don't understand. It's what I posted.

You're probably reading the chart from right to left. Read it from left to right.

You appear to have a BO from a base. Price makes higher highs, halting at 13.5. Price then retraces and finds support at what appears to be the top of the base. In any case, it continues its advance, makes a higher high, and you can draw a new trendline. Price then consolidates for a...