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>can someone explain the difference btwn bb bands and keltner channels? The Keltner channels are derived from the avg range of the bars on your chart. This avg range is then calc-ed to provide a volitility projection above and below the current price, creating an avg movement "channel"...

Trading is a paradox stacked on top of an enigma :) I'm in the middle of my biggest win streak since Jan, and I've hated the intraday action each day :) New high to new lows to new highs....sheez, I have not felt in synch at all. Yet the cash keep rolling in. So the market must be...

You can buy what you perceive as support, but you will never know if it is a bottom or not till after the fact. That’s what partials are for :) I think we gap down hard and snap tomorrow, setting up an exhaustion bounce. But do I really care if I’m right? NO I'm a trader, my job...

>One last thing guys !!! What is the definition of a "Guru" please ? A guru is somebody who tries to sell you on some “super secret” trading method, or in some other way tries to make you dependant on their glorious presence. If you feel you just can’t do anything but follow your...

Linda has a good article on trend days available on her website. Today was a classic example, I went looking for breakaway gaps myself and had IBM and INTC, missed PDLI, but it gave a super nice 200ma pullback later in the day. Here is the article link...

>I wait, next thing you know it starts pulling back, and damn it 1050 would have been a nice short entry. I can't even count how many times that has happened! So don’t let it ever happen again! It sounds like you are taking the time to figure out a trade plan, which puts you head and...

for the historical quotes..... http://bigcharts.marketwatch.com/historical/ symbol sp500 and NASDAQ then for today... S&P http://bigcharts.marketwatch.com/quickchart/quickchart.asp?symb=sp500&sid=0&o_symb=sp500&freq=9&time=1 Naz...

Question: What's the best strategy for trading the QQQ? Answer: Each person will have a methodology that feeds them the best return. Your job is to experiment and find the style that best suits your personality. The three strategies I’d suggest you experiment with first are..... 1...

Depends entirely on your style. I'm a swing/position trader, and my DirecPC connection has worked well for me. There is a 600ms ping tho, so for a fast fingers scalper it would be iffy. Bandwidth is never a problem, I have multi monitors running with almost 20 charts. Worth a look, once...

I've had a number of folks come to my room who had lost more then 100k as they tried to trade. One of the first questions I ask someone like this is..."who are you?" What patterns do you trade, what's your money management style, how much risk do you take per trade? Not ONE of these folks...

Tell him you are a private money manager, and NO you are not accepting new clients :) -Bo P.S. Then ASAP dump that clown and get somebody you like and can trust!!!

>However I do not see a single book and website who are focusing on longer-term swing trade between B and C, such as 3 to 8 weeks. I trade in this time frame in the position trading room at RealityTrader.com. Since these deep time frame patterns only show once or twice a month, we spend the...

The spoon reference is very apt.... LOVED that movie, can't wait for the next two. Your excellent point reminds me of an exchange I had recently in a private window with a trialer. The mind set blew me away. This came after a great (I thought) discussion about fear and how that affects your...

Thanks Commisso :) >We have a market that capitulated into an important support level then bounced. Monday should be volatile and interesting! It was! Now everybody cross your fingers for a range break. We need another nice up day to bust up the channel bound selloff we have been dealing...

>if i would have studied my personality and learned the basics of different types of trading/techniques, I could have saved myself a year that I wasted on Mr. Stochastic and friends, and Mr. Elliot, Gann, and Fibonazi. Truer words were never spoken :) Can I have my year back please? -Bo

>Would being unemotional winners help us also be unemotional losers and therefore be better traders? I think so. It was for me. Here is a bit I put together a while back that speaks to this idea.. <snip> =-=-=-==-=-=-=-=-=-=-==–=-=-=-=-=- This is a passage from Mark Twain's "Life On...

>Why would a great trader making great money need this additional income? In the beginning, I started teaching because I enjoyed it. (Did it for nothing) Then the opportunity came to connect with Chris and Vadym, two traders I really enjoyed and respected. I decided to give it a go, and see...

>everyone I know who is a true professional is getting chopped up, Rhino, I hear the same from the traders who I know and respect. I'm sure in chop mode. After a losing April, I had a very nice May, but my months profits were made on about 5 days out of the month, the rest of the time was a...

>I have so many more losing days, and like I have said here, my "average day" (something I don't believe in, but seem to be stuck talking about here) is more like 1/10th of 1 percent. Also, my largest daily losses are a whole lot more than just 15% of my biggest winners. Maybe my stats are...

nah, I'm all by my lonesome in the position trading room at RealityTrader. Keeps me out of trouble while I wait for my positions to move. (Go GE...) :) -Bo