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Here's another one... I save them every day, I've got thousands by now! :eek: This example shows that fibonacci even works despite an overnight gap! Oh - the one above actually shows an overnight gap-up, too! ~Scientist

Here's a more visible fib study. Remember: When you're doing them live, you fit the left hemisphere to past price action, and the right hemisphere is the future! Just one of many things I use... Fib Circles rock... ~Scientist

This is a lot freakier and more accurate than matrices... My research on Fibonacci Circles... :D Sorry the circles aren't very visible, the compression killed it. Make sure you turn up the brightness on your monitor... Compliments, ~Scientist

No. The Matrix is done with the "ray" tool, so it continues endlessly in either direction, making the matrix continuous. So, when the day starts, the matrix is already there. This is only a 2-min matrix. This matrix is part of a larger matrix, and the larger the matrix timeframe, the more...

P.S: Find enclosed one of the matrices constructed by me of the ES. The beauty is that it isn't an arbitrary process like for example regression channels. The matrix forces you to do the right thing, because every square has to be the same size! So this is a lot harder than applying...

Between them, they possibly do. The money has to go somewhere. We could assume that, again, of those 32 points, there is a tiny minority that outperforms the majority with absolutely exceptional performances. Jack Hershey, for example, could be one of them. Looking through his theories...

Great post. A lot of truth in it. I agree with all the aspects here on comparing extreme sports achievements with trading achievements. However, I should say that I now disagree with the 80/20 rule on psychology/skill. I would say that, in the roots of it - Trading is more like 90/10 or 95/5...

Sorry, but I just can't help thinking of those fluffy little dogs where you never know what's front and what's hind... :p

The land of Churchill as it turns out ... :p

Yes, brokers have it easy and particularly risk-free. If you're scalping, that is doing i.e. 40 RT/day with someone like IB, you're paying the equivalent of 3.36 ES points per contract just in commissions! This gives you an idea how well brokers do. Besides, you've got to net 3.5 pts...

On the futures approximately 240 RT/month. If I focus on scalping, this can become ~800 RT/month. My current goal is to be able to consistently make 6pts/day with no more than 200 RT/month, ditto a net average of 0.6 per trade. But that's gonna take a little while. Maybe 1-2 years ahead from...

The answer is: 50/50 They're both right. And they're both wrong. The basic underlying, and hopefully the basic reason for buying or selling anything as a trader, is the result of price action and volume. Everything else, that is any form of TA, is nothing but a set of templates...

You are my brother man! I trade the same way. And I have -exactly- the same problem - changing between scalping and trending mode. Quite often, I find that I focus on S-, T-, 1-min charts, depth and T&S so much, that I completely oversee the big picture. So I will be scalping away in and out...

Yeah it's a little funny isn't it... All those hero traders... Particularly the 30% making 4.5pts+ :eek: I suspect most of those voters simply have no idea what their actual long-term average is. They just think : "How much did I make yesterday? 9 points! Oh yeah. Well, I guess on average...

Well, Brother Candletrader, as you can see, the intents and efforts towards a peaceful solution in your and my last post are already negated. I hope that you now have a better understanding of how the situation is. This is basically a brief summary of how the relation between DT-waw, me, and...

Dear Brother, I appreciate your sincere and wise words and intents of mediation. I will attempt to make peace with him as soon as opportunity arises, as I have already done, many times. It is now only up to him to accept my offer. All of us shall greatly honour your words in being true...

This is basically Jack's approach to the markets, which is supposed to clearly outperform any kind of systematic or "edge" trading. While I have to agree (from own experience) that continuous trading is the next step of evolution that most traders never (attemp to) achieve, and I am now...

Dear Brother Candletrader, While I shall maintain that I am always seeking a general state of peace with every member of the fraternity, as well as everyone else , I must pronounce that the behaviour of DT-waw has been more than inappropriate as of late. Not only has he attacked me...

It seems you are way ahead of me in that aspect. Continuous trading, yes - but seamless? I mean, can you be in the market at ALL times? No matter what is happening? This doesn't seem realistic, although I might be limited in my thinking. Do you have a set of strategies to approach any kind of...

Dear bubba, I find this one a very interesting post indeed - amongst many others posted by you. The more and more I read your posts, the more and more I realize that you're really amongst the few who are on the "other side" of traders - at least amongst those frequenting ET. While I...