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Who told you that it was a sin to drink beer? The bible clearly states all things in moderation. That is one of the major flaws in relying on a teacher instead of studying the major works themselves, page by page, in their original languages if need be.

Pebble, you are in error here. Muslims only attack if threatened. Trying to suggest groups such as AL-Qaida represent islam is just about as inane as trying to suggest that the KKK represents Christianity.

Thanks, dawg. Thanks Jack, and Tampa. This is an excellent way to analyze the market. My vision is just that much more clear. :)

Finally got to the end of this thread with good understanding. Didn't take notice of it until last week. One question, what is considered good volume on the bars at the 1, 5, and 15 min levels? This thread was way:cool:

Kay, I watched your journal for a time. Again, you need to find ONE setup and trade that. Become a master at ONE setup. You also trade too much IMO. You get into trends late. I don't think you know whether you want to swing or scalp. If you don't have a "feel" for the market then you...

The trouble is that a 50% retrace from the all time highs would be about 5000. We are either going to go back to 5000, or we will easily smash the all time highs in the next few years, we have only retraced 38% on the monthly dow charts. The is also strong divergence on some indicators...

I am still skeptical about this "bull market". Monthly charts show that this is a leg up of a larger bear. I also think that it ended either Friday, or will end early next week. We are five months from the December highs, and eight months from the October lows. Does anyone else think...

I figured that he would get as much data as possible. I know the ES wasn't around 30 years ago, but I still think he should get as much data as possible. More data will reflect if his system is robust enough for a variety of market conditions.:)

Not enough data points. Minimum of 30 years needed.

Interesting that you used that word- displacement. TA is nothing more than various methods to measure displacement of price, volume, and time. Most people fail at TA because they didn't write the indicators that they use, so they have an imperfect understanding of how the indicator in...

Well, as a student of Gann techniques and their derivatives, I sure can tell you about esoterism in the stock market.:D The trouble is that trading is part science and part art, and new traders have to find that balance on their own. For example, most folks like to talk about Gann and his...

I figured that you knew better, but you have Socratic method in your very instructional posts, so I thought I would get that out of the way immediately. Now we can go on and talk about why there is so much spam. Of course, it is easier to spam than to trade.:(

I have read through your reports, I see a problem. Your maximum exposure is a least 70%. If something happened that causes catatrohic failure in your system, your account could be wiped out. Also, if you are going to backtest, 30 years of daily data should do the job, or the intraday...

I don't think anyone has actually translated Fibonacci into human nature. Fib levels are mathematical points of force that one could look for a SAR. Of course all other trading rules would apply.:)

Another bad habit. Do not be concerned about whether tommorrow will suck or not. Simply trade your plan. If you keep thinking about what might happen, you are going to get a case of triggeritis.

Kay, I fear that you are about to develop a bad habit. Find a strategy and STICK TO IT. You cannot switch strategies constantly and expect to be consistently profitable, IMO. Find what you like, and trade that every day, on every time frame. If your existing system is not able to do that...

I am not familiar with the don miller strategy, but I am familiar with stochastics. How long have you been using the indicator? What are your buy and sell signals? Are you using a crossover? What platform are you using? Have you done any backtesting?

Found this out the hard way too. It was very painful at first.:(

:D :D :D Happened to me just two days ago, had to seek "relief", when I came back, I was something like 15 NQ points down.:mad:

Indicators are far from useless, they have to be used under the proper conditions, taking the first derivative of an indicator will help greatly with the lag. I also helps to learn the indicators meant to identify trend and those meant to measure chop.