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For analysis: I look at timeframes form quarterly to intraday bars For trade management: Its pretty simple, say I am long 3 units and have great trade location intraday, I often take a partial profit on a fraction of the position (1 unit of the original size). I call that the 1st Partial...

Hey Dan: When I refer to Stedilmayer's methods, I am referencing anything the man ever wrote or said about markets. Steidlmayer's work seems to me obscure, inaccessible and at times disjointed, he's no writer -- but I think that's our dim perception of what he has said. He is IMO the...

Hi Seth: I thought Fisher's Logical Trader was worth reading and I think the principle that range expansion early in a trading day can offer useful trade location has merit. The idea that range expansion begets more range expansion is arguable, or at least you have to try to position...

What Works in Trading & Why: Part 2 The Nature of the Beast I have uploaded an annotated chart set for Gold. You will need to download that and unzip the file and pull the charts up to follow the narrative. Trading Gold (@GC.P or GLD) Chart 1 is a weekly chart of Gold futures. I...

Yes

What Works in Trading & Why: Part 2 The Nature of the Beast This thread is my personal view about what works in the markets and and why. I should have called it "What Works in Trading and Why for Me" because it's not the only way to exploit market inefficiences. My initial thread on this...

I'm going to post Part 2 as a new thread titled: "What Works in Trading & Why: Part 2" The Nature of the Beast

I can get pretty spaced out -- just ask my wife :D I think my brain has been permanently damaged from so many counter-intuitive trading experiences and the overall level of perversity prevalent in markets. I'm trying to rein in that tendency to be so abstract and speak more plainly --...

A few points: 1. Wyckoff said, "in order to master the markets, you must be their servant." We all sit at the feet of the markets, and they arbitrate what works and what does not work, what is real and what is not real. Davo. I'm glad your interested in my trading ideas and you're welcome to...

No never heard of the guy. I don't know what T2W is and I've never been involved in public forums much at all. I've been a tape reader since I was 22 years old and have done nothing, but read the tape (now charts) all day, every day for 28 years running. LIke Marty Schwarz (the famous S&P...

Thanks Ripley -- appreciate the feedback and I'll post Part II tomorrow. There is always (in forums like this) an element of skepticism fueled largely by envy, jealousy and disbelief that someone has found success in something as hard as trading. So be it. I've earned my stripes and have...

Infrequently trades develop in such a way that I feel no hurry whatsoever to take profits, in fact, I know I should do otherwise, add and increase my size as it moves my way. In most cases, I like to take a quick partial profits on a fraction of the initial position even if it theoretically...

What Works in Trading & Why: Part I Part 1: The Big Ideas I use a trading model that's unbelievably effective and robust. Anyone who disbelieves this can simply follow my trades in real-time using out-of-sample data (which is the only data that really counts) -- and verify for themselves...

I want to be careful about double-posting the same stuff so for further explanation search for a thread in the main "Trading" forum called "What Works in Trading & Why"

This is one of the best self-guided courses on reading price action, pretty much exclusively devoted to reading price action... http://trend-dynamics.com/TD_Products_Self_Guided.htm

I'm see a stealthy order flow creep into Biotech and this is a sector I am avidly stalking. Watch this sector for a tactical trade and a bounce. We’ve seen a mini-selling climax and a structural break of bottoms which is creating a variant perception between momentum sellers and value...

AMD today was a good example where a trade imploded, and how getting more aggresive about profit-taking becomes important in a well-offered market that is becoming increasingly selective... I had trade location long from 34.10 (4/10) and yesterday, (4/12) but took aggressive profits (one at...

Infrequently trades develop in such a way that I feel no hurry whatsoever to take profits, in fact I know I should add as it moves my way. In most cases, I like to take a quick partial profits on a fraction of the initial position even if it theoretically diminishes the overall gain...

My take on INTC is that its a stock that is breaking down, that institutions are using for a source of funds one that well-offered on multiple timeframes. For me as a trader in my 28th year of reading the tape -- its an issue of flow and energy management -- why waste energy where cash is...

Daily Market Read for 4/13/2006: The broader market is forming a top and we are looking for a low-risk spot to short SPY or ES (SP futures). The name of the game here forward is going to be simple: capital preservation & defensive trading. A rising tide may raise all ships, but the...