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Books should be top notch quality (particularly in thinking process), or once's level of thinking goes down below that of the author's. The authors of trading books are generally low quality in thinking power.

If I can post some paper trades here: short NZD/USD, now at 0.7318

Add to those points: short today's gap. I actually like this idea of trying to reverse engineering things as a way to see how good are a group of people at reverse engineering things.

About the reverse engineering using two points: short signals on QQQ: yesterday at 11:51 with QQQ at 173.26 (around 11:50AM) and today QQQ at 172.64 (at around 1:54PM). Reverse engineers this method.

:) funny. Maybe Handle123 gave a too low number of observations to make a point, but he has a point nonetheless, but your observation is really good!

What makes you think there would be a crash? Everyone avoids things that do not happen by doing nothing.

There is really no secret, but there are requirements, such as a fat trading account. Trading is a boring business, does not require a high IQ, and it is not impossible that dumb people are better suited for trading than intelligent people. The problem of trading is that there are necessary...

:-) Great posts by this guy.

one or two?

The typical bulls are now confused. After the noon rise that gave them hope and sucked them in, they now ask: should I take the loss, or wait for a rally, or maybe short this market. In either case, they have doubt in their heads. The market has its smart ways to hire people to the losing side.

Just make sure not to short the bottom! The probs are low you will be able to achieve that feat, but it is possible you will not miss shorting that bottom. Larry Lugar could finish this post.

The rolling down is resuming. If it goes to the day lows, let's see how defended would the lows be.

Any suggestions for long puts?

This could turn to an ugly day for the bulls.

Shorting the bounces.

All stocks are tied to the overall market. Have you ever heard of beta?

Trading knowledge is an oxymoron.

At the break of a previous-day low, it should be a good short.

Who is your broker?

I have always wanted to know what it looks like if one were to have a look the customer accounts at a given brokerage from inside the house. The reds could be as far as the eye can see, the frequencies of blow ups rising at market retreats, and the possible envy of the employees at the sight of...