Search results

I hope my comment didn't come across as belittling. I assume the returned smiley face was an indication that you knew I was kidding. I respect anyone who makes up his own mind rather than allow others to dictate to them. Schaefer took SLA for a test drive and I respect that. Best of luck.

They are lagging and based on price? :)

Interesting day today. It's days like this where I get why DBP ends at 11. There were still a couple of decent opportunities if one could stay focused long enough. We start off in a range and break above it during the opening. price pulls back below the mean which should give us pause if...

Please take this with a grain of salt. I'm answering as best I can as a learning opportunity. DBP isn't looking for a long there because we were in a range. However if part of your plan is to trade ranges then you would go long off a reversal rather than waiting for a retracement. If you...

That's a pretty good start. You might want to move this to the Ghost thread if you are interested. The 52.75 short was triggered at 10:11 not at 9:58. I think DBP did take this entry but it was a scratch for him. There is also another entry (short) at 1:20 that is triggered at 51.50...

EDIT - moved to Ghost thread...

Maybe my analogy is crap but it works for me. The lifter is only competing against himself - against what he has already done. Even at the Olympics lifters know what their numbers are. They are trying to hit a PR on the biggest stage but that's the best they can do - measure themselves...

This line of thinking is what causes so many people to fail. You should only be concerned with whether you can really trade or not. Now if money was exchanging hands I would agree with you but it isn't. There is no difference between reading a PDF from DBP and reading a trading book in your...

I like to do the olympic lifts (snatch and clean and jerk). In my gym we have an Olympic hopeful who puts up huge numbers. Guess what - his coach can't lift anywhere close to the weight he puts up. He is a little guy that has had no real success as a lifter. He injured himself a while back...

What a rare skill. Using your logic all blotters can be called into question. Anyone who owns a computer (or a library card) can fake one. Now why you chose to believe some and not others only shows a personal bias. And again - who cares? Is she stealing money from you or anyone else?

Because the fake blotter was on April 1st? Or you could test the system and not require her to prove anything to you. You could prove or disprove it to yourself. 'The people who get on in this world are the people who get up and look for the circumstances they want, and if they can't find...

Sorry - I thought you were actually interested. You are the only one in this thread who thinks I was claiming to be an expert. I believe I can speak to trading psychology as a former professional poker player but that's about it. Also an emergency stop is in case I get disconnected. It...

No target and a mental stop. (I had an emergency stop at 58). I got out at 54 for a 3 point loss. I got short again at 53.50 (10:11) and out at 51.50 (10:24). Now just waiting. Two trades and with real money I would be down commission and maybe 4-6 ticks on slippage. The first trade is a...

EDIT - I'll leave it to the experts as I'm in a trade now...

The idea is not to assume but to watch. Line gets broken, you get a pullback, you take a trade. If it doesn't go as expected you get out. You look for the next opportunity and get back on board. There are rules for all of this. For example - I'm able to chat right now because I see the same...

I wasn't lamenting, just stating a fact. You don't owe it to anyone to share your methodology. My point is when you develop a system of prediction it makes sense not to give it away, you are worried about losing the edge. When you develop a system based on price action and reaction you know...

I'm not going to argue the complexity of poker versus the complexity of trading. Suffice it to say there is a lot more complexity to poker than even the casual player understands. What I can state is that the failure rate at poker is at least as high as trading, that the edges almost...

And ten padawan learners all posting the same entries...

You've hit the nail on the head. There is a divide here that is quite clear if you stand back. (For this post I'm going to assume that everyone that says they trade does so). On the one hand you have the predictors (DP et al). Although these guys make calls they don't seem to share their...

Here is the hourly about 30 minutes before the open. We are at the top of the trend channel. I've included the over-bought line from our last poke through but it doesn' change the plan - long if we go up, short if we go down. I suspect that we are a little weak beneath. There wasn't much...