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I was on in the FCOJ trade for the almost 2 weeks based on price action because it indicated a strong emerging bull trend. It did rise and today I saw a report that there was some bacterial virus affecting orange crops. I had no clue about the fundamental data. Yeah, I'm convinced that price...

LOL. Ignore me just because I'm a young person? You did ME the favor, not yourself.

There's also the Trader documentary that resurfaces online every now and then.

This reminds me of a book I read not too long ago called Financial Shenanigans. The author discussed the ways that companies will make their situation appear rosy to the public all while the insiders are doing do something completely different. That's why even if I were into equities, I couldn't...

Yeah, that's the same conclusion I've drawn. Thanks for your input, along with everyone else.

Hmmm....I'm around the same age as these guys, I might just reach out to them.

Would anyone happen to have an excel position sizing calculator to share? If so, I'd greatly appreciate the share.

About a week ago, I was saying that both the eMini and YM will pullback and shoot up again. That's exactly what it's done. I don't think the top is in yet. We may get some trading range behavior for a while before a correction sets in.

I think I've finally reached the point to where I think the news is no longer worth keeping up with. Don't get me wrong, I don't use the news to make trade decisions. I just like to be informed. But for the past few months, after refining my system and gaining some pretty good returns, I noticed...

You've pretty much explained the phenomena behind the hinge pattern. It is a period of extreme indecision. Prices could break out to the upside or the downside. That's really all there is to it.

Thanks for this resource. I'm always checking for new educational resources.

Agreed. By the time we find out about it, the relevant news has already been priced into the market. Besides, prices usually set themselves up in a way indicating where a market is likely to go ahead of a fundamental report.

What I came in here to say. Before anyone accuse me of being racist, I'm black myself.

But we're gonna act like those same people haven't been singing that song BEFORE I began listening to them, right?

I've been listening to all of these doomsayers for almost a year now and nothing even close to what they've been predicted has happened. The interesting thing to note is that all or most of the doomsayers are usually those that are trying to sell gold.

The price action on the 10 year futures suggest an upward move in prices soon. I think the smart money is pricing in the effect of a default NOT occurring.

If it happens, short treasuries. Reverse the position if there is none.

"Markets can remain irrational longer than you can remain solvent." - John Maynard Keynes This quote is perfect for the times we're living in. A lot of people have been betting on a crash for a few years now and have been burned big time.

Well, Richard Dennis went from $1,600 to $200,000,000 in 10 years....so it's not impossible.

I've met millionaire traders who use TA as one of their methods. The most successful traders I've met use a combination of statistics, TA and fundamental analysis.