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ES has traded between 1292 and 1308 since the open of 8/16 session, twelve days mired within a 16pt total range. If the tape slows down any further than this, it'll slip into a coma. Gotta love the typical second-half of August (in)action! Long live "The Ball"

btw... I don't believe in government conspiracies, but I would like to go on a search for bigfoot in the rainforests of Washington or B.C. :cool:

mcshey, I'd like to believe the same things about Larry & his success myself. I think I stated similar viewpoints about mechanical systems and favorable streaks in several earlier posts today. Now, all that remains is for someone to write & run a similar system in the future. I've retired...

Now wasn't that easy to do in civilized manner? BTW... did my ES charts stall or did the minis cease trading at noon? (laugh)

Thunder, I will officially rescind my statement that Larry acheived his contest performance without question. There is enough gray area to simply leave it at that. I do know from personal experience while live-trading mechanical systems (very similar to his) that 10,000% returns are possible...

I've been to three Larry Williams seminars ($6k total) and really haven't used anything learned there to make one dime. I'm not saying his info is worthless, but to me it didn't offer any real benefit. There are literally 1,000s of past students, so some number must be happy with material...

Anatoly, you have my sincere benefit of doubt. I want to believe you have $40k to work with. Go ahead and trade one-lot contract size of your preferred symbol = market akin to the logic which made all of that money. Show an audited, legit account statement past 12/31/2006 and I'll work with...

No apology needed, <b>thunder</b>. I've been called a lot worse by many more. Back in August 2000 I wrote a column for OptionInvestor (since sold and new ownership) that predicted a big market slide pending. The COT report was all-time historical bearish, trend charts looked terrible, sector...

fwiw: Any post by Austin P in this forum is no one else but me... Austin P. I do not believe in the use of any alias myself. I only write inside here exactly what I'd say face to face with the people I'm talking to. I simply pretend we are talking over a diet coke or beer, and that's how I...

I happen to know a little bit more about the mechanical systems Larry used to win in 1987 contest than most people do. I can assure you of two things: #1: The money he made was real, and the manner in which it was made is legit. #2: He happened to operate thru an extremely favorable period...

With all deserved respect to anatoly, I get about one request per month as a long, drawn-out detailed email stating how said person has uncovered some market secret that allows for untold wealth. Lead-pipe lock, no losses, guaranteed prediction of any future market action. The opening of each...

I agree that training is essential to trading success... but first, how does one define "proper training"? For that matter, how does one define "professional" as a graduate degree? Most of the successful traders I know are self-taught, i.e. no prop shops or floor mentors, etc. Likewise I've...

Dear London, Excellent points, I agree 100%. If a trader can hold disciplined to what you describe, success is highly probable. The point I tried to make has emphasis upon <i>over the course of time.</i> Thru any six-month or one-year measure, we will see periods of low volatility and...

All these years of trading, and the Jakester feels one must use a -5pt initial stop to trade the ES? I'd opine that pretty much says it all. Is it safe to assume a lot of ES traders in this forum use much smaller stops and accept +4pt (or less) potential gains? Article was somewhat...

I think we all are lured to the trading arena for similar reasons: potential for unlimited income, illusion of ease in getting there. That is not any different than most entreprenuerial quests. In my case, trading financial markets is about the only high-pay (potential) career I am qualified...

e.s.t., I'll just add this: In my opinion, NO intraday trade method = system = approach can succeed <b>over the course of time, thru all market conditions</b> without at least a +2/-1 reward/risk ratio. I personally trade the ER with -1.5pt initial stop seeking +4pt to +5pt profits. Today...

Both of you traders did an EXCELLENT job this year! Keep doing exactly what you did before in reference to risk management. Please don't change a thing. If your chosen market(s) become(s) more favorable to your method = approach, you will each make even more money in year two. If not, your...

Dear <b>ikh, archimedes and seneca</b>: without question you are all very eloquent, reflective, intellectual and highly intelligent. I have honestly enjoyed the time, energy and effort in which you have spent stating your beliefs. In the end, I guess it all boils down to what each of us...

archimedes, well stated I have known many atheists in my life... all of them with no exceptions (known to me yet) share three very distinct characteristics: #1: High to extreme intelligence levels, highly analytical #2: General negativity or pessimistic outlook on life #3: General...

I do not disagree with any posts that follow my previous. Points are all well made. That said, <b>I will pose the same questions again:</b> What benefit is there to me / anyone for atheist belief? How would that lifestyle = belief system benefit one more than faith in God? I respectfully...