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  1. R

    For those concerned about Rearden M's disappearence:

    This is the guy who was asking for people to help him find a job at a trading firm because he was upon hard times but failed to disclose to anyone that he not only had a drug habit, but was also a convicted felon on probation. He never would have passed the standard screen tests for...
  2. R

    Seeking Mentor - Will to pay right mentor Looking for real deal

    Well, that's not entirely true. I know of a CTA who manages money and also runs an educational service. He is required by law to show his performance (not actual statements) to those who wish to invest with him. So that would be a back door way of learning how profitable he is but it doesn't...
  3. R

    There is no such thing as price action.

    Now you've defined the terms better than before and you are 100% on target. One of the best traders I know got in a big argument with another successful trader over the use of price bars, with the former saying he didn't need them and the latter saying he couldn't trade without them. Both...
  4. R

    There is no such thing as price action.

    Bingo. You broke the code. The funny thing is, at least here, is those who claim using PA (as opposed to "indicators") have this huge sense of superiority over their trading brothers who use conventional indicators. What a sense of arrogance they display. In fact, one of the regulars here...
  5. R

    ES premarket

    OP, you're getting many conflicting answers here and trying to incorporate all or some of them won't be beneficial. IMO, Brownsfan makes the most sense. Good luck.
  6. R

    Newbie question about tech analysis and charts

    I recall Mr. Hershey saying the SEC was once upon a time investigating him for the oodles of money his methods were taking from the market. :D
  7. R

    IRS denies trader tax status

    This is important to those of us who make this declaration on our taxes. Green does my taxes, but this is not an endorsement. Rather than paraphrasing and implying my writing is original, I posted the link for accuracy. http://www.greencompany.com/blog/index.php
  8. R

    Indicators are liars! Support and Resistance Trading for the S&P emini

    OP, 5 ticks is a very tight stop in this volitile market, don't you think? Is that a hard stop? Please consider starting a journal so we can learn from your trading skills now that you've warned us against the dreaded indicators.
  9. R

    Indicators are liars! Support and Resistance Trading for the S&P emini

    There are no MMs in ES, which the OP trades .
  10. R

    Indicators are liars! Support and Resistance Trading for the S&P emini

    There are many threads on ET about this topic and I find nothing new in yours. Good of you to think about those who are hooked on indicators, however. I'm curious to know how you know what the so-called big boys are looking at. Are you one of them?
  11. R

    for sale by blackguard

    TraderZones was the pioneer in trying to sell a system for huge money here and now we see more heady action. I think the OP would be better served by consigning the system to Sotheby's. They are having a bric-a-brac arcade auction soon.
  12. R

    What motivates the attacks on J Hershey?

    I think the OP's question is best answered by JH himself. Let's hope he responds and gives us his opinion. Anyway, it's interesting to note how JH has become larger than life on ET and is clearly the winner of the eyeball race as far as posts written and answered about him. Fascinating stuff.
  13. R

    Price Action Journal V1.5

    Thanks Sandy. I recall you were once a satisfied user of Felton Trading. Hoe does that now fit in with your trading the ES?
  14. R

    Price Action Journal V1.5

    Do you use HA as a trigger for entries? Am I the only one who thinks it lags price?
  15. R

    ES Blackbox with Real Money

    Not sure I understand. Immediately upon entry, what is the stop? If it's not a hard stop, what are the rules?
  16. R

    ES Blackbox with Real Money

    Can you explain your trade management further, particularly your stop threshold? You entered at 76 and the trade went 2.75 against you after a paper gain, yet you held (and did well).
  17. R

    Price Action Journal V1.5

    I find HA gives many head fakes and lags a bit also, perhaps too much for entries. Lastly, isn't it considered an indicator?
  18. R

    Rule of 10 Journal

    Don't you mean moving the stop to entry? If the trade moves +3 in your favor, your stop at -3 is breakeven. Sorry to state the obvious.
  19. R

    macd indictor lags, is there software that doesnt

    Agreed. In reality, price doesn't know nor care if a bar closed or opened at a certain price; all that matters is the price just traded at X and the rest is a method or system for traders to pick entries and exits. If this helps traders "see" a setup that has a high probability of long term...
  20. R

    macd indictor lags, is there software that doesnt

    On this point, I have to agree. If you look at the original PA Journal, you'll see many traders are using tried and true S/R and well known chart patterns. This is TA.
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