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And why do you think that? He famously got caught in the South Sea bubble: "I can calculate the movement of the stars, but NOT the madness of men." — Sir Isaac Newton, after losing a fortune (£20,000) in the bubble. Not to mention all the time he wasted on alchemy. Still, at...

The 2 point TL is an example of an objective building block, used in TA. Context is important, naturally. Many would say context is subjective. But within certain boundaries (e.g. agreement on time-frame), 2 people schooled in the same methodical approach to seeing the market (TA) will also...

Subjective simply means two people may draw opposite or markedly different conclusions from the same data set. There isn't much subjectivity in drawing trendlines through 2 price points and seeing if price subsequently fails to make it across to the parallel channel line drawn through a...

Neke This may be a dumb question, but how do your losers get to be so big? Do your winners often go on excursions underwater too? (i.e. is this why can't you differentiate between the winners and losers sooner?) I hope you make your target and more.

For IB users: 1. open file, do not allow macros or updates 2. select all worksheet tabs 3. Find-Replace myID -> your user id, replace All (there should be 27 replacements). Save, close, open, allow macros and updates. Resize the window and position however you want. The Excel charts...

I just checked and I can record both screens - select Region before recording and drag the frame across both screens. I only record one screen normally though. Does anyone know a good way to compress the files?

1-800-BOESKY

I think I know what you're saying here: until the BO occurs (following the FTT) you do not know if the channel is over. The channel is not over until price leaves it, by crossing the TL. Channels overlap.

Your last post was about determining context and identifying what is happening on declining volume, mid channel? The example charts you posted were interesting. I don't think you can determine what is coming up more than one or two bars out from a static snapshot. I think you need to...

Let the market be your mentor. You state you have 20 points an hour to lose. Take every impulsive trade you see until you reach -20 pts. Then stop and review the reasons you took these trades. Were they underwater immediately or were they profitable at first but you did not get out in...

That's interesting given your previous views on Ed: http://elitetrader.com/vb/showthread.php?s=&postid=626944&highlight=tribe#post626944 Why the change of heart? === Has anyone been in a car with Ed and asked him what speed they're going now? Didn't Ed also say he puts price...

indexarb.com

Limit orders are passive (or resting as you say) and so cannot move price, only market orders can, hence the focus on the direction of market orders. When the supply of limit orders is consumed price moves to the next pair. What you need to know is the behaviour of price during periods of...

I just watched it (the free Abraham version), thanks for the link. I'm glad I didn't pay anything for it, but I don't think I wasted my time watching it (once) either. I came to it having just read Eckhart Tolle's "Now" book and so I was receptive to the sentiments which I probably would...

Well, that quote of Jack's comes from another pleasant thread, typical of ET. This is just an observation: I asked Jack a straightforward, on-topic question about harmonics a few pages back. He either does not see it or ignores it. But he does get embroiled with people who don't want to...

After a while you develop a feel for the gradient (pace) of the likely channels. There is nothing to stop you drawing a draft projected TL to remind you that the channel Pt3 is still to come once the steeper "tapes" have done their thing. Furthermore, if you record your sessions you may...

I annotated your chart with some suggestions. It seems you are annotating volume bar to bar - take a step back to see the Forest.

LOL.

Hi I've been studying French for about 3 months now. I have a dictionary and a grammar text book. I understand that the words have meanings which can vary depending on where you are in the sentence and the context of the conversation. Do you have any advice on where to look to become fluent...

You can also set up paintbars to mark the crossovers (or anything else you feel is important) automatically on the chart. Its worth spending a couple of hours to learn QT paintbars - simple yet powerful.