Search results

It could be a bit premature, but today did not look very good for the bulls, the way it just sold off into the close. I wouldn't be surprised if we saw a reasonable-sized pullback over the next few days. Tomorrow morning is going to be key...

On the NinjaTrader website in the indicators section there is an indicator called "Ed's Level 2" that draws the bid/ask volume on the chart. For some instruments you can see a lot more than 5 levels deep... for example on TF I can see bids and offers even up to 100 ticks away....

I'm sure that there are sites like TheStreet.com which provide news analysis, etc. that make some decent money. What I was referring to was sites that sell trading systems or chat room memberships. Anyways, this stuff doesn't really interest me all that much at this point. It is interesting...

I'm not sure I understand your point. I have heard of them, as well as a number of other sites. Are you claiming that they make hundreds of millions per year? That's what we were discussing.

So I did some follow-up research, and it does look like doubleyourdating.com actually has some traffic going there... Using the stats at the following site: http://www.websiteoutlook.com/www.doubleyourdating.com We can figure out that they get 42,000 page hits per day, at an average of...

You have offered no evidence of anything that you have said at all, aside from one website link which isn't doing much to support your case at the moment. Why should anyone believe you? Then I'm sure you won't mind providing us with some website links to at least show SOME evidence that...

My favorite "went up too far" indicator is Jim Cramer. If he's screaming "buy", it went up too far.

What did you think? That they were just going to let it keep running over $1000 that easily? Not yet, grasshopper... we may need a serious and sudden crisis to break the back of this long-running manipulation.

Sounds like they are divided on it. Divided means it ain't gonna happen. Hell, they can't even get NECESSARY reforms passed to limit wall street's risk orgy - how are they gonna pass this? Right now the only people pushing for this are lunatics like DeFazio and a few of his European...

No, I'm saying it's not as important as knowing the right place to exit your trade, whether it's a winner or a loser. Which scenario would you think has the best chance of success: (a) A great trader who knows how to trade, knows how to cut his losses, and knows how to take profits...

Correct me if I am wrong, but isn't "let the winners run and cut the losers short" an EXIT strategy? Sounds to me like that's the most important part. Knowing when to exit a trade is the most important part of trading, not knowing where to enter. Entering at great risk/reward points is no good...

You know someone who made $200 million trading last year and is running a website trading service? Care to point out who that is?

Do you seriously believe that people in the United States are going to agree to pay any kind of tax where the money will be sent overseas, in THIS type of economic environment? In a more socialist country you can get away with that type of proposal, but not in the US, and sure as hell not now...

Exactly. Every support and resistance level is like this.... you don't know until after the fact how "real" it is, but by then you can't make money off of it. The reasons for things only become apparent after things have already developed in the market. Reasons don't put food on your table. :)

The DOW wouldn't get to 30,000 without massive inflation. It won't get to 2000 without massive deflation and huge economic problems. Can you say for sure which one is going to happen? I have listened to and read a number of economic predictions lately from a large amount of people - hedge fund...

If you don't need to trade huge size (100+ contracts), don't trade the ES. It sucks. Trade TF (Russell) or NQ (Nasdaq). They are cleaner moves, and on TF especially you get better value with commission and slippage. There are a lot of traps in ES in general, which is one of the things that...

First, get rid of the notion of "too far". That's your problem. You have a preconceived idea of what "too far" is. There is no such thing as "too far"... trends can go on for a long time. Take a look at that spike in July - that was a record-setting spike, a historic upward move. All the way up...

It's not that simple. Most new traders want a simple formula for making money, something like "If A happens and B is true while C is above level D, then always go short!". It doesn't work like that. You have to look at things in context, and that means reading price action. What is the...

The length of this rally and the way it has gone is pretty much proof that powerful forces are conspiring to move the market upwards to shape public opinion towards economic recovery. As for the exact people involved... who cares? Someone is, and that's all you really need to know.

Uhmmm.... how about not holding a highly leveraged instrument for a long time through while losing money? And while we're at it, how about trading with size that is appropriate for your account? If you're getting margin calls, you don't have a clue what you're doing.