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Don't any of you have any research or reading to do? Maybe share some of your findings with us? But please, ENOUGH OF THIS. Spread love all around. Wish for all of your neighbors to be prosperous. Don't challenge them for the evil of ambition can often outweigh the benefits of ambition...

To answer both of your questions, the reason is really two-fold. First, when scaling into a position that takes several days or sometimes weeks to set up, you do not have the luxury of just closing it out on a whim and then re-establishing. So what you do is while you are building up the...

Lesson #1: Slowly establish your line, first move never more than 10% of total outlay. Objective here is to get engaged so that you are locked into the tape and you can have a much more coherent understanding of the dynamics involved in your speculation. #2: Always devise a hedge...

Chartwiz; With all due respect, your tune is getting quite boring. Do you like to hear yourself rant and rave all the time, repeating the same stuff over and over again? Or will the day come where you will actually refrain from talking until you have something new & meaningfull to say...

Remain neutral at the moment. Anyone hear that great big sucking sound of retail getting long in anticipation of a new year rally? Still neutral and ready to lift the hedge and return to short bias very soon.........

I forgot to attach the chart

To give you an example of what my "short-term" time frame is, I've attached a chart of the nas... The critical element reversing my short-term signals was the rising volume on Thursday. That was enough to allow me to conclude my initial perspective was flawed. :mad: I am not yet...

chartwiz, Registered multiple short-term buy signals on Thursday's data runs. I appreciate your persistence to argue. It did keep me a bit more cautious until I had further confirmations. Additionally, it prevented the slightest bit of hesitation when locking my risk down when it...

Reached 20% net short by close yesterday. Today laid out some hedges to bring my exposure to neutral. The plan going forward for me is a release of the short side of the hand on a move above 1982 in the Nas with strong volume. This will put me net long 20%. A move above 1995, will go to...

mrbud, I agree that there is no stand alone indicator, but I ask you this: Can price be used alone without reference to volume? I think point & figure charting is a joke. Thoughts?

Great job today in a tight market. Did any of your traders get caught in the sudden spike down in last hr? Pej.

mrbud; I believe you have a great approach for the market. I tend to employ that same style when market conditions are different. But when your size gets a bit larger, you tend to be a slave of market liquidity. You end up getting in and out when you can, not when you want to, and...

Don; I have a private community set up on the msn network for colleagues, friends and other traders to share ideas and market analysis. This is an exclusive, invite only room. However, for the purpose of your experiment, I would be glad to extend to you an invitation if you wish...

AAA, I do have to factor in size restraints for my trading. That is why I employ a scale approach. When trading size in bear markets, where liquidity tends to be naturally dry, you have to work the tape as best as you can. 17 pages a book???? Please. "Secrets of the Temple", "Atlas...

That is a very interesting post. Would you share with me how you recognize fear on Level 2? Thanks.

If you would have read the my analysis fully, you would have noticed that I was in fact anticipating an initial rally on very light volume for possibly a few days. If I was confirmed with light volume, I would begin scaling into the remaining 90% of my position. Now how in the world am I to...

I am searching for a data provider that can provide end-of-day data on international stocks. For example, I would like to know where to find data for Metastock on non-U.S. stocks. Any ideas? Also, I am looking for long-term historical data for stocks and commodities (U.S. markets). I need...

To be concerned with what one is going to do, one must first interpret what the market is going to do. In college, while I was studying Philosophy, the principle behind our discussions was for the pursuit of knowledge. All arguments were presented with an unbiased, open view, and the...

Brandonf wrote: I feel quite the opposite. In my analysis of the financial medias bias, they are leaning towards the buy side saying things like "Argentina can't hurt us, therefore it must be bullish". Also, in reviewing sentiment indicators, the retail is firmly on the long side. Also...

I know some very good scalpers that would classify 90 minutes as a long-term trade. To me, it takes at least 90 minutes to put on the full position. My short term trades are approx. 2 days. My long term would be considered 3 months. However, I will ride a trend for as little or as long...