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My partner and I owned a tiny Antigua offshore bank -- Industrial Discount Bank & Trust -- in the late 70's. BTW ... at that time banking charters were inexpensive -- cost us US $1,500. It was, is and probably always will be difficult to use any of the banks in the Caymans or almost any...

The book was clearly never properly edited (or maybe never edited at all) and it shows throughout. This presentation forces the reader to spend three or four times as many hours with the information than is reasonable. That said, there is valuable information.

I think you guys are right not to sugarcoat it. If a guy is going to let the unvarnished facts deter him he could not possibly survive the reality. Might as well get off the train now.

If I understand you correctly you are saying it is your guess that Velocity is a bit faster?

Any guess as to how Velocity's speed stacks up vs Mirus or IB?

EXACTLY THE STAGE I AM AT. I CURRENTLY HAVE A POSITIVE EXPECTANCY WITH ONE CONTRACT EX-COMMISSIONS WHICH LEAVES ME SLIGHTLY NEGATIVE IN THE ONLY WORLD THAT COUNTS -- THE REAL WORLD WERE YOU NEED TO BE POSITIVE AFTER COMMISSIONS. THANKS FOR THE SPREADSHEET. i WILL GET TO IT TONIGHT.

I appreciate the time you are putting in clarifying things in my mind. One more round of clarification -- for now -- will help this coming week.

Yes Raskolnikov, that is clearly complete bullshit. But is risking 2 pts to make 1 an illusion? Lot's of things in life seem to work but in the fray they end up not quite delivering. I know there are successful traders that risk a point or even 1.5 pts. to make 1. But are there guys that...

I forgot to mention that I am using a 5 minute chart.

My intention is to continue to paper trade switching the focus to NQ from ES with a target of 7 to 10 ticks and a maximum stop of 16 ticks. I have characterized this as a scalp (maybe incorrectly) because it clearly is of lessor duration than a swing trade. You say with 4-5 tick targets to...

Rather than be fixated on whether this style is realistic -- scalping NQ -- maybe I should be asking contract a novice should be trying to scalp. I have $15,000 between two accounts. These funds are not necessary for me to pay any current expenses; it's not the rent money but rather it is...

Given the ratio between tick size and commissions is it realistic for a new trader to try and scalp seven or eight ticks out of NQ with a single contract? I have been struggling in my paper ES and currency trades for four months. I show a profit before commissions but when I factor in...

I am correct in assuming that because of the high ratio of commissions -- about five dollars in my case -- to tick size it is hard to scalp NQ for seven or eight ticks? I am still new to trading futures and it is appealing to trade a single contract with a $5 tick. That said, if experience...

The reality is that you have to rewrite and edit this book in your mind (or in your notes) as you read it because much of it is borderline (maybe even past the line) incomprehensible. A dozen or so entry points spelled out with prices would help the reader focus on the setups more easily...

I thank all of you who have been helpful to me by posting. I have ordered TECHNICAL ANALYSIS of STOCK TRENDS. I am only trading futures but I assume the patterns are identical. To the one or two that can not live without sarcasm, I send my condolences.

I am about to use a single NQ contract -- $5 tick -- to swing trade on trend days and days with larger trading ranges. I know the ratio of commission -- my cost per round trip is currently $5 -- to tick is horrible but since I am not scalping I think it is a reasonable approach to getting my...

General, troops ... As I intend to survive I am attempting to learn the terrain, the order of battle and the other skills that will keep my head attached at the neck. I believe that price action is the compass. It may not tell me enough but without learning to observe it correctly I am...

I am a new trader and have just started a very interesting book -- READING PRICE CHARTS BAR BY BAR by Al Brooks. I Know instinctively that this guy is for real. I also know that with all my determination I am not yet for real. My immediate problem is that the book is written for someone...