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Not sure I followed all that EW in the initial post. But my EW suggests the potential of a low at 1.1617 (wave 3) and at 1.0350 (wave five). The break down in mid-May was very bearish technically. Things haven't gotten any less bearish since, in spite of some positive divergences ...

I know a few smart people who were looking to go long EURUSD ... Technical divergences, etc. Me, I got short today (1.1979, missed my target entry at 1.1991). I'm not sure EUR and USD will be at par, but I suspect they will get a lot closer than anyone thinks over the next several...

"Trading for a Living" is a very good book.

Agreed. I'm surprised that all of the chat rooms mentioned are tout-oriented. I don't have a problem with that, but are there any chat rooms that are essentially just a bunch of traders talking about what they are seeing in the markets?

From now on, every time I hear some old school trader talk about how paper trading is just a waste of time, I think I'll remember that pdf.

Agreed.

From Originalturtles.org "An example of an extraordinary price movement was the day after the October 1987 stock market crash. The U.S. Federal Reserve lowered interest rates by several percentage points overnight to boost the confidence of the stock market and the country. The Turtles were...

What is tricky is that Cramer often has valuable insights about how the market works (or, rather, how guys like him used to play the market). That kind of thing is interesting to me. Too bad he doesn't do his shows regularly with his wife. Their strategy during the hedge fund days, which...

First bad (i.e., not profitable) month of the year here.

Maybe TradeSignals? Except they don't seem to carry data for the minis. You can get SPM5, but not ESM5. Just checked it out. Same thing with the Dow futures. You can get DJM5, but not YMM5. Other than that, they are Java-based. The old Prophetfinance used to provide free futures...

I love Pit Bull and Trader Vic. But more for general ideas and inspiration than for the nuts and bolts of daytrading. I know LBR gets a lot of love around here anyway. But some of the best tips I've gotten about daytrading (especially day trading index futures) have come from the essays at...

Good luck, k-doo It's amazing what a little bit of Internet anonymity will do to some people. You asked a reasonable question and it seems as if some people couldn't wait to turn it into a pissing match. Some of you really need to get over yourselves.

If you've got the $5K to trade, then I'd go with that rather than the $2.5K. Think about how you'd feel if you lost half in a couple of bad trades (maybe some bad execution or order entry mistakes thrown in). Falling to $2.5K, you'd still probably not be too freaked out. But falling to...

I just got off the phone with one of the guys from Timing Cube. Their results are tracked by both Hulbert's and Timer Trac. I haven't audited them, so I can't vouch for their specific numbers. At the same time, it's irresponsible to suggest that they are "up to something" without proof...