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Not familiar with it. Sorry. Not my speech, tho. It's a quote.

(1) Newtonian physics falls apart in the real world. It works fine in a frictionless world between 2 bodies but the moment friction is introduced and/or a 3rd party is involved, it falls apart. I hate to use the word "chaos" to describe the market because so many people have exploited it to sell...

Once you have a higher low and a lower high, you have no trend. So stop.

Unless you've been successful scalping something else, then trying to scalp futures is what you're doing wrong. See http://www.elitetrader.com/vb/showthread.php?threadid=76477

Why?

It's not so much intelligence as perception. Those who are mathematically inclined and believe that everything can be solved via an equation may have trouble with the markets, much as those who teach economics and business can't understand that their models of supply and demand don't apply to...

Have you tested your system in order to find out what your percentage of loss is, what your longest string of consecutive losses is, what your biggest drawdown is? If not, then there's no way you're going to be able to "accept" loss because there's no way of knowing whether it's normal or it...

Intelligence is only part of it. Being thick-skulled is also an issue. So many of the "intelligent" think that they're smarter than the market, smarter than the books they've skimmed, smarter than all those losers that everybody is always talking about. Therefore, they don't have to do the work...

In Kiev's case, it's most likely a marketing gimmick. In Douglas's case, it's not. However, trading in what Douglas calls "the zone" is not something you walk into without preparation. Many Douglas readers tend to drift past all the requirements he places on the trader to reach that zone...

Given the quality of the advice offered here, those who offered it -- whether the object of it pays any attention or not -- should keep this thread in the backs of their minds somewhere so that they can refer other newcomers to it. There are many Nathans, most of whom are long gone. Perhaps...

That's all that stuck out of the entire post? You're still not listening. At the very least, follow up on the link provided by Kiwi.

No, you're not, because you have no plan beyond selection. You seem not to have any idea whatsoever what a trading plan is, but rather than find out, you insist that you have one. A trading plan tells you exactly what to look for, exactly where to enter, exactly where to exit. It tells...

He's not alone. And anyone who's been around for a few years could easily come up with a list. And all the "traders" on the list would share pretty much the same characteristics, one of which is that none of it is their fault. They are, after all, "trying". Then the booster clubs chime in and...

If you're listening, then why is the same advice given over and over again in your journal and in this thread? Once or twice should be enough. As for negativity, you're supplying plenty of that yourself. There's a difference between working and being "busy". Start listening to what people are...

And yet when advice is offered, you reject it. Instead of "hey, that sounds like a good idea; I'll look into that", you continue to play Yes, But, and Ain't It Awful and Poor Li'l Ol' Me and Look How Hard I've Tried. You may say that you're a terrible trader, but you don't assume any...

I have to agree. Avoid assuming responsibility for your own failure at all costs. Rationalize everything. Under no circumstances develop a trading plan. Instead, wait to be rescued, like any other victim. If no one comes, insist that it's all impossible, that no one can make money...

It's not all that complicated, BB, and you don't need a MACD. The MACD is simply reflecting what price is doing, i.e., the reversal and the confirmation of the reversal. If you can draw a trendline and know what a swing point is, you can accomplish the same thing without the indicator. LC

However, it doesn't just "take" them; it churns them. Hence the seemingly endless supply of failures.

I'm glad it's going well, but I haven't checked it out lately. I've been going for much bigger moves than you do, so I haven't had anything to contribute. But I'm glad somebody's maintaining a "manual" S/R thread in addition to the more mechanical S/R varieties.

No, I haven't. But Mamis's The Nature of Risk is one of the more important books I've read, particularly as it relates to trading decisions.