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    Spydertrader's Jack Hershey Futures Trading Journal

    cnms2, Indeed that's what it is all about. Being open to being stimulated by others to think, is a trait that serves us all well. If I have understood what you said, a Gaussian-inspired channel retrofit is simply a reflection of the commutative nature of the equality: Gaussian profile =...
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    What formal education does one need?

    Possibly BASE jumping could be incorporated into the business school curriculum. Say a leap from El Capitan on a crisp Fall morning. This prerequisite would have the dual benefit of winnowing the number of applicants and reducing the number of crappers who managed to slip by the screening...
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    Spydertrader's Jack Hershey Futures Trading Journal

    Thank you for your input. The question was whether SH/L = point 1 but I don't think that SH/L = FTT which = point 1. A moment of "D'oh" for me. I was in point 1 space and on returning to the real world, after an AM cup of Italian roast, I do believe you are exactly correct. lj
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    Spydertrader's Jack Hershey Futures Trading Journal

    Thank you for your input. The question was whether SH/L = point 1 but I don't think that SH/L = FTT which = point 1. I totally agree that it is apposite to monitor for the other criticalities of the Hershey protocol. As you already know, for those who are willing to take the time and...
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    Spydertrader's Jack Hershey Futures Trading Journal

    Perhaps it is more a question of what scenario(s) is/are being talked about. Clearly, as I've already said, there will be many, many more point 1's than there will be SH's or SL's, unless of course one's definition of a SH or SL is particularly confused or motivated by unbridled greed. If you...
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    Spydertrader's Jack Hershey Futures Trading Journal

    :cool: Gracias. lj
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    What formal education does one need?

    IMO, the most important thing for a trader to possess in order to be successful in the long term (consistently make money) is brutal self-honesty. If you don't practice this, be assured that Mr. Market will abuse you until you do or until, for whatever reasons, you quit. lj
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    Spydertrader's Jack Hershey Futures Trading Journal

    Oh, sorry P1 it wasn't clear to me that you needed a chart to demonstrate what an intraday swing high (SH) or an intraday swing low (SL) was. On the other hand what you may have been requesting is that I provide you with a pictorial representation of what I was talking about. I believe the...
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    Spydertrader's Jack Hershey Futures Trading Journal

    Intraday swing high and swing low are not arcane terms and I well appreciate they are not part of the Hershey lexicon. There was no intent to map, interpose or otherwise inflict the terminology. My question was just that - a question as to whether or not anyone had noticed. It was not a...
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    Spydertrader's Jack Hershey Futures Trading Journal

    Sorry, whomever. Lest there be confusion, the end of paragraph two should be amended to say: ".. the frequency with which an intraday swing low or swing high is associated with a Point 1." since clearly the majority of Point 1's will not be intraday swing lows or swing highs. lj
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    Spydertrader's Jack Hershey Futures Trading Journal

    Sorry Tums if you mistook my question as a request for a prediction. This would most easily be seen as a post-facto observation which I thought that given the number of times one sees a Point 1 during the course of a day let alone a week or a month, possibly someone might have noted the...
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    Spydertrader's Jack Hershey Futures Trading Journal

    A general question for anyone who might wish to answer. Which, if any of the following {choices}, would be correct: An ES/YM intraday swing low/swing high is {always, never, frequently or infrequently} a Point 1? TIA lj
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    Even computers can't handle busy market

    Speaking from personal experience let me sat that AMTD in any of its incarnations is totally sucky when it comes to executions for small retail traders. If you look at their order flow you will see (as of the last time I checked albeit some time ago) that they use UBS as a retail land fill...
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    What is driving oil prices so high?

    Everybody's right - sort of. lj
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    Can anyone decipher these GOOG tapes?

    Say speculatus, Sorry for the hiatus but I've been busy burning out Betz cells. I think we would both agree that to be a great trader you must be reactive not predictive, in the sense that TudorJones (and many others) talks about it, i.e., we use what we see happening as the prime mover...
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    Can anyone decipher these GOOG tapes?

    Thank you speculatus for your thoughts. I do not try to read the tape on the fly but rather attempt to analyse what it said after the fact with the hope of gaining some insight into possible future actions. There is a great thread on ET by some guy called "maverick" which goes into the art of...
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    Can anyone decipher these GOOG tapes?

    Sorry about that cg. It would seem that you're the only survivor of the 46 people that checked out the attachment. It giveth me some solace that I am not alone in my consternation. Whatever the weasels are doing it can mean only no good but my guess is that it has to do with tomorrow's...
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    Can anyone decipher these GOOG tapes?

    See attachment for some peculiar (to me anyways) postmarket tape antics. Can anyone explain what the big boyz are doing? TIA lj
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    Technical Analysis Doesn't Work

    This is not complicated but rather states the obvious. Let me put it more simply. What's sauce for the goose is sauce for the gander. When one attempts to defend a position, as it would seem you are doing, it is illogical to arbitrarily apply a set of standards to only one side of the...
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    Technical Analysis Doesn't Work

    The point is that if such things (Money management, portfolio management, interest, trade management, luck in leveraging a rising market, fees from running hedge funds/speaking fees/running an advisory, outright lying about the profitability) are equally relevant then they are a wash...
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