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  1. J

    Do Trendlines work?

    Duard. I think it was Alan Farley to said to anticipate the price action which will make the most people wrong. If you look at where it is "obvious" to timid traders that they should take a position, then you can usually tell within a couple of ticks where you should wait for a retrace to occur...
  2. J

    Do Trendlines work?

    Making millions? Haha. No, what I got from Jack was to look for a small subset of an index to lead the index, for an index future to get in or out of synch with the underlying cash, for various kinds of price/volume anomalies, and to open your mind up to the simultaneity of events. No doubt Jack...
  3. J

    Old Possum's Book of Practical Charts

    My misanthropic misbegotten misogynistic miscreant journal has languished of late because I have been making too much money scamming Corporate America to stoop to trading. But I was struck by this daily chart showing that gold is holding its purchasing power nicely. Price of a barrel of sweet...
  4. J

    Your top five daytrading books

    All I remember from my youthful bible studies is: "Jesus saves, but Moses invests!"
  5. J

    Your top five daytrading books

    BTW, my number three book would be Threei's. Easy to comprehend, with setups you see all the time. And a very wise and insightful approach to the psychology of trading. And unlike Alan, he's not a prick! Hahahaha!
  6. J

    Your top five daytrading books

    Well, I will admit that in early reads I often had a "What the fuck does he mean?" experience, but on rereading it I always "got it". He packed a lot of trading insight in there. I also like him because he's a prick, haha! Take that, Alan! Now NOBODY will read you because I recommended you! You...
  7. J

    Do Trendlines work?

    Jack. A great response. Thanks! I just love it that you are back. ET was lifeless without you. Next time I am in Tukson I'll call and invite you and the missus out to dinner. I think we would get along great. At least I wouldn't have to talk much! I think you would shit if you could see what I...
  8. J

    Your top five daytrading books

    It is true that it is dense. He condenses into one sentence what others might take a paragraph to say. In effect it is trading shorthand. But I have read it four times and found it to be very helpful. Especially Alan's ultra-cynical attitude about the market. He wasn't cynical enough.
  9. J

    Your top five daytrading books

    Why does everybody always leave out Alan Farley's "The Master Swing Trader"? After Elder #1, THE best.
  10. J

    Do Trendlines work?

    Team B bench warmer here. I am reluctant to sound like a broken record, but in the context of Jack, it is appropriate. Nowhere here have I seen anything but ASSERTIONS that SCT works. I am not saying that it doesn't. Perhaps it does but is so complex that it is not even amenable to proof. But I...
  11. J

    Do Trendlines work?

    B Team punter checking in to the game! I am still waiting for just ONE real time call and execution report. With a five minute chart perspective it is perfectly practical to do that here. I have done that with my pathetic little NQ tick fucks on scalps shorter than his bar.
  12. J

    Richard Ney

    Maxpi. That was "Wall Street Jungle". The one to which I referred is "How I made Two Million Dollars in the Stock Market". It described how he used "boxes" on daily charts, which today we call consolidations, to make money. Far from being a crank, his work was instrumental in cleaning The Street...
  13. J

    systems that work

    Permit me to offer some advice. Subscribe to E-Signal (or similar) and write and backtest some simple strategies. E-Signal is particularly easy to use because it has an automatic code generator. Note that I didn't say that it would help you make money. But it WILL teach you how subtle system...
  14. J

    Richard Ney

    He was a one-trick pony. You don't think it's all in the book?
  15. J

    Is anyone getting rich out there?

    Duard. The frightening visual to which you referred, was, I presume, the twenty minute two tick consolidation?
  16. J

    Is anyone getting rich out there?

    John47. Thank you kindly. I think that it is important for the community to know that trading failure is not exclusively the purview of the young. And that it is quite possible for one to be highly accomplished in one's field (as I am) and still be an idiot at trading. But my best advice (oft...
  17. J

    Is anyone getting rich out there?

    Now, Jack, don't be so hard on Ftrade. Like Bernie Kornfeld in our generation, he "sincerely wants to be rich." I think he deserves some good advice from us, on the order of: IB is a reliable low cost futures broker which cheerfully gives you immediate entry into sucker plays E-Signal is a...
  18. J

    reality trader

    Permit me also to say something nice about Vadym. In the golden years, before Gresham's law appled to stock boards took hold, and the "bad money" of ET drove out the "good money" of SI, he was a selfless contributor to EricP's "Fundamentals of Daytrading" thread. His book with Chris is still one...
  19. J

    Are all trading courses scams?

    Eddie Toppel (Samuraitrader, author of "Zen in the Markets") teaches an excellent one day seminar where he discloses a profitable backtested system. I took it. He is the real deal. Trades for himself and for other people. Now you have to decide if I made that up, an lying, shilling for him, or...
  20. J

    IB Sticky Market Orders

    Not that anybody will give a shit, but I trade NQ with market orders through IB. I plot the inside market on a one second chart using E-Signal and look back at it to check my fill. I ALWAYS get filled nearly instantaneously at the inside market. And YES, E-Signal and IB ALWAYS agree on what the...
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