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End of the week is a good time to review what has been happening to the oil price (CL). My usual reminder is that you need to use an accurate methodology to harness the rich rewards this market offers daily. Some strong short covering featured in the premarket (8.30/10) and earlier in the...

You need to get a grip I did not pursue a lifelong career as an office stiff. I got to the top fairly rapidly in the business I joined and certainly enjoyed my success as a 'hands on' manager of it. But I moved on and out of corporate politics. However the corporate world remains a place...

I went along what must be the conventional route. Good schooling and a university degree was how I wanted to mark out myself for the starting line - to begin real life. Those that rush at something and do it regardless often are and will always be seen as all hat and no cattle. Next I wanted...

Trading CL you need to know that the pre-market 8.30-10am contains sufficient volume and repeatedly demonstrates large gyrations. One 'leg' of a large gyration can be a 140-250+ move in the pre-market. Therefore take the pre-market and then take the next 4 and half hours of the official session...

Often when I look at the posts of wayward traders or wayward would-be-traders venting their frustration against their (hopeless) struggles, I pass on by. When so much is amiss a re-direction into market understanding and a successful methodology is not going to happen. However I note your...

Stop and review what the playing field of oil (CL) is offering, day to day. The speedy and smart can start but first you must do your homework to know this market thoroughly. Of course you must use an accurate methodology. Look at the range which today (Thursday July 17 2008) was 773; many...

So many on ET are ignorant as to how 'power' works. Also I don't want to break into rumours which appear to be based on true inside information and I am not going to refer either to current or past connections of my own in high places. It is an irritating thing for those that want the...

This thread is essentially old news. Federal Reserve policy implies assisting the liqiuidity of any large bank. Both the Fed and the Federal Govt have predetermined not to allow any new crisis or new meltdown. That is how its going to be. :)

The first piece I wrote in this thread was for newbies and learning amateurs who compose the membership of ET. Harmony, calm, etc of adopting more certain methods was my suggestion to replace the anxiety, anger etc of faulty or incomplete methods. Grob chose to misrepresent this. Also I don’t...

I liked your sense of humour in your opening post - good post.:)

I didn't catch your post but the examples in my post I agree are very commonplace for the incomplete trader. I appreciate there are only amateurs at this site but only professional mode and practice captures most of what a market offers each day. That is the repeated theme I'm always...

Unsurprisingly this thread has related emotions to trading and in particular the effect on your 'mental health' of unsuccessful trades/trading. The interchangable emotions at work here are hope, anxiety and anger. You can eradicate these emotions, or lessen these emotions to negligible effect...

What market/markets are you trading?

The title to this thread is damaging. Its without proof. I of course do not know the details of Lehman's balance sheet but superficially it seems, in this instance, Lehman have simply moved assets off their balance sheet for cash. Whether or not it is a related party transaction, the purpose...

It is so tedious when you see these puffed up predictions for even worse disaster than the recent financial meltdown which wasn't seen coming by journalists, analysts and assorted gurus, in the first place. This article also quotes a 1988 prediction, thats 20 years ago, which is meaningless...

My serious advice would be to those in corporate power to disable and ban the e-mail facility within their commercial or public companies. Its inevitable that some employees, even directors, are going to make incautious remarks which in the hands of the SEC or in front of a court will be held to...

The opinions of these banks are written by analysts. Now I have nothing against analysts and have known a number of them. They are self absorbed storytellers in their professional writings and like to write compelling stories that get attention. But amusingly if there is one thing they have in...

You are dealing with the laws of hunting and injustice. Put simply it is much easier for the SEC to take down small or smaller prey. You get the gratifcation of a 'Kill' with little or no fight back. If your quarry is a larger or large corporation it has the power of using expensive attornies to...

From what I wrote before, I want to underscore the value of keeping your own timed prices data. I always have. Setting it up in tabulated formats and maintaining it is time consuming while also you have to work out an effective array of parameters for compiling and managing such extensive...

There is nothing intrinsically wrong with imagining that you're going to become rich or successful and of course you imagine having it within the next 5 minutes. First the pictures in your mind are your encouragement; next is part 2 - sustaining your ambition and working at it. Your...