Search results

In an effort to siphon off some of the bile from an otherwise excellent thread, I've initiated a new one in this forum called Trading Rooms/Chat Rooms. Have at it. :) Actually it was moved to Educational Resources: http://www.elitetrader.com/vb/showthread.php?t=281769 Quick work, moderators.

Now, remember the part about trusting the moderator's trading? This is where it is important that you accept that fact and live with it. You are not going to catch every trade call...no matter what room you are in. It’s just the way it is. Hesitation, you coughed just as the trade was...

So, there is the absolute newbie (and it's going to be painful) who really needs a lot of luck to avoid the garbage rooms and there is the trader who is just looking to improve and there is the trader who really needs a better set of tools and methods to get him out of his funk. So if you have...

Number one - You must be able to see the moderating trader’s charts in real time. Number two - You must be able to see the trades entered in real time either through the moderator’s order dom or chart trader or some method where it is apparent that the trade was entered, filled, and...

Given the degree and the extent of the blah blah blah whine whine whine going on in another current thread regarding trading/chat rooms and real-time calls and phony gurus and on and on and on, it appears to be time to post this again. It's the best guide to rooms of whatever sort -- at least...

And we form a hinge. Gee, who'd a thunk it?

And here we are at the midpoint of the upmove from 3460 to 3495. It's tempting to ascribe all of this to geometry since it's so regular. One can then draw all sorts of lines and patterns and dodecahedrons and bunnies and so forth. But it makes more sense to ascribe it to AMT and mean...

The all-in/all-out approach always yields better results in hindsight.

Sorry, it should be 67, and it's too late to change it. Thanks for catching it.

That's good :D

Technically, this belongs in the Ghost thread, but given the subject of the conversation here, I'm posting it here instead. This is mostly something to think about. I was doodling this morning trying to place the action in context, and I found that if I treated that one bar last October as an...

The problem with that was the depth of the retracement after hitting 84, all the way back to 57. If one then waited for a move above 84, he'd have to be very patient and very accommodating to hold a long. It all looks great in hindsight. In real time, not so much. There are other days. Edit...

But the new class arrives daily. You have to keep doing it. Over and over. Forever. Until you die. Didn't they tell you that when you signed up?

http://www.elitetrader.com/vb/showpost.php?p=3933394&postcount=849 And, incidentally, even though ND and I have posted these links several times before, there's no harm in posting them again given the overwhelming eagerness with which traders approach the subject of trading plans...

Already testing the demand line. If we do in fact test the bottom of the trend channel before the "open", be prepared to enter a reversal trade. Note that we do NOT have to make a lower low in order to reach the bottom of the trend channel.

One could call the action on Monday "climactic" given the volume. And the rebound Tuesday was okay. Since then, however, the action has been rather pitiful. This suggests that this rally has been a "technical" one due primarily to short-covering, i.e., if buyers were truly excited about this...

Terrified. I care so much about what some anonymous whatever thinks. Good grief.

All this todo about "real time" and no timestamps? Really? I've been doing this for going on sixteen years now, son, and I know all the tricks, including all that can be done to P&L displays. If this is what you term "making calls", then I suggest that you visit the chatroom that Nik0 set up...

Timestamps?

Pretty much. The failed trader doesn't admit that the successful trader's success is possible not because he's obstinate; he doesn't admit it because he can't, for if he were to admit the possibility of the veracity of the successful trader's claims, he'd have to assume the responsibility for...