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    New book on Price Action

    I received the book a couple of weeks ago and it is packed with a lot of great price action information. However, it is very detailed and is not a light read. When I read it, it feels like I am back in college studying calculus again. As a result, I have not gotten very far. I agree with the...
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    It's A Sham, The Banks Are Insolvent

    I tend to agree with the article, but they have a big vested interest in encouraging people to sell their equities. Here is the last line of the article: Matlin Patterson, however, has missed the Spring rebound, the most powerful rise in equities in over 70 years. “We shorted the equity...
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    Approach to trading the ES contract

    Where do you get the value area numbers? Is that the only aspect of market profile you utilize? You refer to we, the people who taught you and your office. I am just curious if you would tell us a little about your trading education and experience? I am enjoying and learning from...
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    Pictures of your trading stations

    I know this is a very long thread and I admit that I have only gotten through about half of it. It also has a lot of worthless comments. But hidden within this thread are some of the funniest posts I have read on ET. If you are ever bored and looking for some laughs, I highly recommend going...
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    A+: Why This Rally Is Not Sustainable & The Huge Role Goldman Has Had In Spurring It

    By golly, you're right: http://seekingalpha.com/author/naufal-sanaullah
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    If I trade ES and use 1 point stop loss, what are the pros and cons?

    I primarily trade pullbacks in the intraday trend. I use a 1 point stop or less for my initial entry. If the market goes against me immediately (below the high or low of my entry bar) I am out with a loss of 1 point or less. However, you cannot trail your stop by 1 point in the ES or you will...
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    Short the dollar hard

    I keep hearing everyone say to short the dollar, too. However, according to the commitment of traders report, the smart money (commercials) are long the US dollar index (relative to their position any time in the last year). Normally, the dollar should go down after printing over a trillion new...
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    Marketsurfer's bold gold proclamation

    Oh, I guess the economy will be fine by the end of the year if Obama says so. She does make some good points, though, and I agree with her about treasuries, which is why I am long TBT. However, if this is a bear market rally and it ever rolls over, gold will gain favor again.
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    Online Trading Mentoring?

    I purchased his course. It was a hodge podge of different things he put together. I was very unimpressed and sent it back for a refund. For example, he uses a bullish engulfing pattern on a 10 minute ES chart as one of his favorite entries. He also has rules for using the value area, which he...
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    Beating the coming inflation

    The only way that our government leaders know how to solve a problem is to throw money at it. The only way they can spend more money when we are already bankrupt is to keep printing more dollar bills. After giving all of this newly printed money to banks, unemployed Americans, the auto...
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    Stops for the ym?

    Here are a few ideas for you to consider: 1. You can use pure price action and use the prior swing low if you are long or the prior swing high if you are short. 2. If you are long, you can use the low of three bars back. Vice versa if you are short. 3. You can plot parabolic and trail...
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    best books you've read on trading

    Here is a little gem that I find to be very helpful for selecting rational targets on any time frame. It is short, but worth every penny IMHO. You have to be able to clone a trend line with your software for ease of use. It does not get the target right every time, but gets you out near the peak...
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    How to profit from the coming "New World Order?"

    What about my silver? Will I be able to keep that when gold becomes illegal and is confiscated?
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    How to profit from the coming "New World Order?"

    I am investing in gold (GLD), oil (USO) and agricultural commodities (DBA). However, my gold is getting spanked today. http://www.moneyandmarkets.com/a-sneak-peek-at-the-future-2-32974
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    The Boat Is Going To Sink, Jump Out Quick

    You might want to take a peak at the weekly and monthly chart of the ES to get a sense of the trend. Although I do admire your eternal optimism. :)
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    The Boat Is Going To Sink, Jump Out Quick

    I agree. The fundamentals are horrible and printing a trillion dollars of funny money to pay the bills and re-ignite inflation is only going to cause the world to lose faith in the US dollar and in our treasuries. When that happens, we are toast. Our political leaders think that spending more...
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    td ameritrade personal coaching???

    Wow. 4 different people posting for the very first time on the same subject. I wonder how that happened?
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    Gordon Brown calls for "Global New Deal"

    All anti-semitism aside, the question is, how can we profit from the situation? Larry Edelson, In his Real Wealth Report wrote, "The real goal of the G-20 meetings:Creation of a new financial order based upon drastically new units of paper or fiat money to help wipe the world’s debt ledgers...
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    Market Reversal

    6 up days in a row. Market is overbought. Running up against strong resistance approaching 800. Fundamentals continuing to get worse. This has been nothing more than a pullback in a long down trend. Time for me to get back into DOG tomorrow!
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    These books any good?

    I always like to go to Amazon.com before purchasing a book. You can usually look at the table of contents and an excerpt from the book. I sometimes find the reviews very helpful as well.
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