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Throwing in the towel here. Gotten beat to hell this week and market is showing no sign of wanting to be understood anytime soon.

What is up with these 100 points crashes up and down every other minute?

Im easing into it now.

How dramatic, looks pretty healthy to me.

If 2830 breaks I think we could go down to around 2770 but the scenario I'm leaning against right now is testing 2830 again, forming a double bottom then going back up.

Knew it was gonna tank after the weekend, why didn't I place that sell with a stop over the top .. Some sideways action would be good here before moving on higher. Don't think it'll go below 2800 but it might, I'm believing that 2829 will hold for a while however.

An indicator doesn't need to tell you the market direction 100% of the time. It only needs to help you recognize setups where, over the long run using decent risk management and position sizing, you will be able to make more money than you bet.

The reason most people fail to make money with indicators is that they put too much emphasis on the entry portion of their trading, while neglecting the, arguably, more important parts like risk management, position sizing and exit strategies. If you define indicators 'not working' as not...

If you are comparing using an indicator to succesfully make money long term in the financial markets with using a dvd player perhaps this is the reason you are failing. Answer me this then, can everyone play professional basketball in the NBA if they wanted to? If not, does this mean it is...

No because it is quite easy to google succesful traders who have over the long term made money using indicators. Indicators are not primarily the cause of why they are succesful. Just go read Market Wizards.

The reason the majority fail at trading is simply because it is a difficult, crowded professionals where you from the start til finish compete against others that have far more experience and resources than you do. Saying indictators don't work because the majority of people can't earn money...

He'll be back before the overnight rally

Making money on the long term trading is more a function of what you do with your trades after you have entered than when you enter. Maybe a more suitable title would be "if you could KIND OF predict turning points, could the remainder be done withOUT money management?" to which the answer...

It's very easy to go broke taking profits, if you take small profits and large losses.

You seem to understand what support and resistance lines are, there is no point in buying a book because it won't get a whole lot more advanced than that, nor should it. If you haven't had success on the lower time frames go higher, often it helps people who are struggling. Try to be picky...

Instead of selling the stock, you could move a stop loss up after price. How far away the stop should be you yourself should determine. I am comfortable giving back 50% of my profits in order to let the market work. That value could be entirely different for you. If you want to do some work...

When an indicator doesn't earn money in the long run, which you define as having no edge, is that the fault of the indicator itself or the traders application of it? Long term proftiability has much less to do with the indicator you use to make entries and exits and more to do with position...

Nice curve, are you risking more of your account lately or what accounts for the parabolic last month growth? The ability to recover after a DDD is an incredibly important characteristic of a trader. Making money is very easy, keeping it is hard, and coming back after you lost it with renewed...

The size of your account shouldn't have an impact on having to diversify unless you mean reaching a size where your orders move the market, which won't happen to 99% of successful traders unless they are trading tiny markets.

The fact that you need to change strategy every other month is a function of your own psychology. I have used and know people who have used strategies far longer than that. You lost 15-20% and got depressed, when you should already have known the chances of such a drawdown occuring. A...