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With CL 5 bucks up today (June 5) there seems to be an absence of comment. Did all those talking short positions get their peckers caught in the mincer today? If so, that underlines the point that the best play, the richest play is intraday. The session's gyrations today produced 32 micro...

If you are micro trading the day, open to close, then can this include washes or small losses? Yes. There should never be many. But if you are buying upmoves and selling downmoves (eg CL,YM,ES) sequentially you may turn around in a shallow retracement at a wash or small loss. Remember for...

The markets were again excellent today (Wednesday June 4 2008) as they usually are. Looking at CL, the session's gyrations produced 39 micro gyrational 'legs' of minmum 15 points (bar close to bar close) and 10 macro 'legs' of minimum 45 points. Of those 10, 2 of them on the EIA stocks...

Yes I do. We all, bottom line, have our own motives, consciously or even subconsciously. Soros outside his own speciality in money making has, if anything, a record of unbalanced opinions. And it is amusing that Soros as an arch speculator should claim high oil prices will cause a...

No offence is intended, but undisciplined (I presume this to mean 'unsignalled') trades and a practice of closing small winners when otherwise running losers is mindless. You should have been able to rub yourself out as a trader long before this. But to be constructive, I want to get to the...

I can only comment on your question since I would not attempt an accountants detailed and professionally complete answer. A whole area which is a grossly inefficient mess is medi-care. It needs to completely overhauled, put on a business footing and efficiency made the top priority. I...

It is interesting that logic should evade the mind of this eminent central banker. There is not going to be any fiscal remedy. The necessary funding is not going to be put in place. The public will never accept the scale of taxation it requires. Had he tried to be realistic this is where he...

That is not proven but even if it is, the current CNN report quotes that "a single player acting alone would in all likelihood not have a huge influence on prices." My estimate: zero effect. Even this event or genuine news is not a real consideration if you understand that a market operates...

The only hat an ETer should be wearing is that of a trader. But more than that, you should want only to achieve success and make your fortune as a trader utilzing free markets. This site, if its name is to be believed, is to encourage each individual player to become an elite trader. Now what...

A few of the Moderators here have certainly been biased and prejudiced and have deleted posts or even threads - not for libellous content but rather for no good reason other than dislike of what has been written. Censorship and censors represent a display of narrow minds over those who at least...

I can accept your description as a good one which apart from anything else is so because a market is not a static price but a moving one. From the observations you make you have to make a decision. What are you going to do about it? How are you going to make money from the market on the...

I defer to your analogy. The answer is that constantly being unable or unwilling to garner the great supply of 'food' or in other words the many points you can take from all the points the market makes available, open to market close, each day, means delaying the moment when you become the...

If someone wants to make live calls I have no personal objection. If live calls are illustrating a methodology spelt out in advance they might posssibly have some validity. I wouldn't rule out doing it if I had a purpose to do so. So far I don't. And as I see it, making live calls on ET is an...

This is the key requirement. This view is not confined to Kenneth Griffin. It should have been worked out for CDO's. I have regretted the absence of open liquid markets for all of these new instruments since their inception. :)

This thread question is one of whether you are using accuracy or hope when trading. Running a loss or an increasing loss simply means that you are wrong when a loss is happening and therefore you are instead relying on hope. In applying accuracy to intra-day trading (CL, YM, etc) you are...

Looking at the thread openers post, it is correct in a reductionist sense that there is only price. So the only thing to follow is the price, when you trade. 1. You can solely follow price in its formations (but necessarily in a chart configuration, such as 1min, 5min, etc) 2. You can look...

That there is a niche, that there is a so-called 'edge', that there is a speciality, that there is something where you don't have to be sharpest tool in the toolbox, are often central to the hopes of those attempting to survive in trading. Unfortunately there is only victory and defeat. Anything...

The KISS principle can be engaged. The markets go up and down, the upmoves and the downmoves. If you want something quite a bit faster than ES and YM, master your trading craft in CL. Your methodology, however, needs to capture, sequentially, the upmoves and downmoves of the price gyrations in...

The CL market is very volatile and offers large movements (up and down) daily. You do not need to wait for what the short-term will produce in terms of price levels in the days ahead. A neutral mindset and concentration on operating an accurate methodology enables the skilled player to take rich...

Trading is an unsuitable choice for you as it is for most amateurs. You will experience freedom in letting it go. Let it go. Any alternative is not as bad as you currently see it. Life is abundant. Do not fear your future in any shape or form. And you will know these famous words: "There is...