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yes it will.. make you go nuts. Very few traders make money. but even fewer are using EW for that ! The most common complaint about it : it's subjective, 2 traders will see 2 different things looking at the same chart. It makes it almost impossible to trade from it. I do know a succesful EW...

You bet! It's no fun to beat on the guy. I am pretty sure all traders went though this naive and arrogant stage. The only sad thing is, lundy still does not get it. And odds are he never will (since most traders never get it). But cmon, it does not make him a bad guy. The other sad thing...

true that the so called daytrading the author mentioned is gone. but the biggest flaw in the article imo is the fact the author did not find any of this 'daytraders'. So how can he conclude they did not make it. Probably they did not, but still I find this article very unprofessional. Many...

Bono, I appreciate you are looking at this under dow theory. But like you reminded yourself DT does not try to include bottom detection. Just because it's impossible. Some elements to consider (and I like spectre comments earlier) : - you will really know after the fact, trying otherwise...

bear markets don't stop in V bottoms. That's the trap too many are falling into at the moment. This bear market had many panic selling and bad fundamental news events. Only hindsight tells you these events were not 'bad' enough since we broke to lower levels. The last one was right after...

dotslash, the economy is not a ponzy scheme, I argue the markets are. They represent people's interpretation of value, and that's very "flexible". There is always a bubble somewhere.

worst trade : feds cut interest rates. (intraday gap of futures => massive loss). best trade : feds cut interest rates (intraday gap of futures => massive gains). LOL Nothing you can do against (or to get) these. tntneo

of course it's a pyramid. always has been, always will be. it did not start in the nineties. but unlike real world schemes, you can win in both directions (building up and crushing down the pyramid). now the next pyramid is building up (pretty high already) in real estate. it will crash...

amen

janko, that's precisely the problem when trading with a bias. you wanted the market to do something, and it did not work out. it was a tough play today. countertrend moves are always tough to play and vicious. Back to your question : the 30mn rule on gaps applied very well here. Of course...

worldcom is 1/3 of naz volume at some points.. for one stock, it skewed all volume related indicators. you need to ignore them. tntneo

yes, you can see the orders. it does not tell you where the open will be since not all orders are visible (only visible limit orders, no market and no hidden limits and no locals). however, you usually get a clear indication (watching where orders are clustered compared to previous day close...

This is when this thread started : The trend is up, market has bottomed. 06-21-02 07:49 PM LOL ! Eventually one day you'll be right. just keep trying. you said many lost their balls.. well, in a way I guess. but we grew up. You have a lot to learn and it seems you don't want to. just my...

Same experience here. They only want to know the risk profile, expected return and usually the general strategy (no detail). Sophisticated investors are sophisticated in the way they diversify. Not that it requires great skill from them. but it does put them in a very select group.. very few...

another solution is to use a tunneling software. NB : this might be against your company's policy, although it is not a security problem. http://www.tucows.com/preview/212977.html there are others, that's just an example. I give it because almost all DAT brokers need these ports so the...

thanks silver, that should help the clueless bring more liquidity so that we can continue the wealth redistribution. too bad some important posts were lost in all the praying and hoping. too bad that ain't trading.

just follows IB's instructions. they are very clear and with small or big transfers it's always available within 24hours in your account (my experience first hand). Often, it was available same afternoon. You only need a bank's account manager who follows precisely these instructions. If you...

being wrong is OK, as long as you admit it. Do you really admit it ? you are holding and hoping for your position. I don't know where your stop is, but that should be your answer (regarding waiting or not). That's the other problem with predicting : you don't expect to be wrong. And...

anyway, according to CNBC the bear is now because of the program trading. LOL

I first checked the futures.. then it was clear that was no news :)