Search results

Well there are those who are very smart and are very very few who know how to take money from the market. There are those who are smart enough not to join the 95% who fail. Then there is you; one of the many dummies with an unrealizable fantasy of becoming a winner. Next step: just face up...

Answer: you don't know what the sh*t you're doing. Why would you expect to make money? I had to laugh out loud. You've got that wonderfully right combination of panic action and paralysis. Outlook: more suffering. :)

You have to understand the regulatory approach. They cannot tell anyone for sure what is legal or illegal. They don't know. They only know when they prosecute, win and bang your arse in the slammer. Thats when you know for sure you got it wrong. That is why big bright shining corporate...

Today was not typical of course but condensed the market (YM) did little more than a couple of minor gyrations. There were extended stalls in price in the session. Now with range bars, say set at 10 or 11 points (or lower if that is your requirement), they absorb all the noise and just give...

Correct. Get that going first. When you are doing that with confidence and comfort .. .. then become a genius at scooping up the crumbs as well. :)

I'm just adding an example of when range bars can be so effective. Today when the YM/INDU price in the latter part of the market stalled for about an hour all that noise/very narrow range stuff was absorbed by one or two 10 point range bars. It can keep your chart picture cleaned up at all...

Yes, a very good summary of bar types Tripack. I'm repeating to an extent what I've said on another thread but in summary my observations are that it is the time frame (whether 10 mins is better than 5 mins) for minute bars or the number of ticks or the volume number you use that provides the...

Again referring to floor trading and as is well known you can get pitched battles of very high volume on both sides without clear victory. Also thats exciting or was to me. Price is moving down, price is moving up, the battle rages and then as the battle dies you may look and see that there...

I like this comment. Having been a floor trader at one time, big/fast price swings are when there is a relative absence of available counterparty volume. Sellers are just backing off in one mother of a retreat when price is shooting towards the heavens. Gorgeous. Price is falling...

I use and favour candles but I see a lot of recent claims that line or bar charts are more informative for pure price reading. What needs to be exploited (YM) are the gyrations .. the major daily upswings and downswings (which elsewhere are referred to as trends although on a daytrading...

Thing is you have to unscrew the entire keyboard, don't you? If I think of home and office keyboards, they do get dusted occasionally, but, jeez, coffee tea and hot chocolate spills, crumbs, wine drips, fingering grime, fly crap .. Help. :eek:

Agree. I didn't mention range bars in my previous post. But in trialing them to date I found that they can perform for you very well if they fit your established methodology and trading tactics as they do mine. I can imagine they may not suit the detection and exploitation of certain...

I have minute, tick and volume charts available to me. Unsurprisingly it is more the time frame you use (whether 10 mins is better than 5 mins) or the tick size or volume number you use that provides the relevant framework for your methodology. On YM I need to use min chart/s to watch an...

Sure do agree that 9000 -11000 is a perfect market for traders. But if the market did go intensively bullish I will still love the gyrations of the DOW just as much.

Now the DOW has restored itself above 10000, is the DOW back on the ladder going to 15000? Will the oil crisis price tumble? Will the stock market take the gurus by utter surprise and head off upwards towards the heavens? Will the 'feel good factor' take charge right across the great US of A...

Well it depends who you are? If you've got the money you make the quality. Probably for big money owners the quality biggest money power axis of the English speaking world is London-New York-Chicago with New York seeing itself as the apex of that axis. Personally I sure as hell enjoy New...

True. The point has got lost on this thread. You can dick away $100,000 as easily as $5000. It is about wanting to win. Start with $5000. A small amount tells you continuously you cannot afford to lose much. It is very very self disciplining to work a small amount into a bigger amount...

Agree. But the newbie needs to research. Study and study. One lot only for token trading. Make one loss: stop trading for the time being. Now more study.

Yes.

Martha .. made 2 volunteered statements she shouldn't have about a completely minor pissant trade and as a result the poor bitch ends up convicted on trumped up charges. She may be a very successful business woman but IMO it was her female brain that misled her into trusting some regulatory...