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...PA FROM Ta

Yes, I'm not sure how one excludes PA form TA. I use a momentum study to confirm or negate a signal but know some who trade strictly PA. I am a bit dubious about those (Ken "Woodie" Wood for example) who claim to trade exclusively from an indicator. I suppose it's possible but seems sort of like...

You don't know whether it's going to be a losing or a winning day until it's over and you look at your P&L. If you want to arbitrarily just take trades before noon for example, then it's just part of your trade plan. Best to just take your signals and accept that some days will be better than...

HaHa...good one. For those of us who use TA to make a living, they just sound like fools baying at the moon (there's that orb again). The problem arises when the newbie and or struggling trader comes to an ET looking for advice or guidance and is subjected to the negative nonsense.

It's time and effort to learn to recognize the trees within the Gestalt of forest. Those who lack such skills prefer to proclaim that they don't exist.

And I read somewhere that Stanley Kubrick was really Marlene Dietrich in drag.

On other sites, they argue that the earth is flat and the moon landing was staged.

Same to you amigo and to all.

The point I am making is you can't count on Brooks or anyone else for your success. Take from here and there but only you can make it happen.

A lot of people change markets and time frames, so what? We both used to trade the ER on short time frame charts. it was profitable but mentally and emotionally exhausting. I've know the guy for a long time and believe he is a good trader but neither he nor anyone else has shown me their P&L nor...

You need to understand that whether Al or anyone else does or does not make money in the market has nothing to do with you. YOU need to own your successes and your failures. If Al or anyone else has ideas that you identify with, work them into a plan and test it, if not move on and try...

His trajectory is not uncommon. The fact is most never prevail regardless of intellect.

Actually Al gave up his practice to raise his two girls when he and his wife split up. He wanted to have a gig where he could stay home. Like most of us, it took a long time to be profitable.

A small group of us traded together in a Ventrilo room for a couple of years but decided to end the practice. We really enjoyed each others company and had mutual respect but people trade differently and see things differently making market comments distracting to one's own trade plan. We would...

3% a day "without fail" assumes a smooth curve of earnings which does not exist in trading. A good trader will make 10% on pre-leveraged capital one day and lose 3% the next. The ability to do this is a specialized skill set which can and often take years to develop. First one has to understand...

A quality trading room can be useful for the novice to learn things but I would advise against taking third party calls. Until one has developed and thoroughly tested their own methodology, they are not ready for live trading. That methodology can be based on others ideas but we are all...

Absolutely correct. There is a different trade plan for every successful trader. Learn from guys like Bill Williams and Larry Williams but you will have to develop your own based on what you see and your levels of patience, focus, discipline and courage. I use MA's and a momentum oscillator...

Yeah, it was a little wonky today but it's like that sometimes. All in all a decent trading day though.

Yep, it's not a roaring economy that's been driving the bull. It's been feeling like distribution.

36 points on the ES flat ? I'll take that everyday.