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When all have digested this petit morceau of trading legerdemain, and none have regurgitated it, we shall continue to the next lesson. I promise that each new one will be harder to swallow than the next. But that is what we gurus do. Stretch credulity like a pregnant woman's swollen belly...

Infolode, I think you should scale up to Foretopman Billy Budd to get a story which truly relates to trading.

Ian, the entry? Can you keep a secret? Look at the chart. Do you see an H&S in one minute that formed at 11:12? Add one minute to agonize over it, and you get your 11:13 entry. Or if you don't believe that, you can observe that any two moving averages that you would care to select projected to...

225, you can get a leg up on this course by reading Richard Shabacker. He is so obscure that I can safely plagiarize from him. And for your good humor and faith, I will share this piece of near-term market wisdom with you: "Down is the new up."

Additional questions have been raised by posters who wished to remain anonymous, for self-evident reasons: "I trade only five minute charts because I am so old I can't see the action in one minute any more. How then can I use your method?" I have a linked Excel spread sheet which calculates...

225, you are promoted to 250! And my attitude about gurus is summarized by the greatest guru of all, who said "Be lamps unto yourselves." So to paraphrase the Zen maxim, "If you meet the guru on the road, kill him!"

Continuing, the example I cited, if you're looking at a chart, is raggedy. The rule of ten works best on a very clean run of ten red or ten green bars. "Count" on it. Now the critics may start. "Why (they will say) are you revealing this?" Well, because I want you to trade this way. Isn't...

Good start. I honestly can't remember why I entered, probably random. Here's the lesson. To the best of my knowledge, our little Jap guru was the first to enunciate the Rule of Ten. It states, somewhat improbably, and I paraphrase, that on any frottale (French scholars, appreciate that word)...

OK, so you're me and you took the trade. Would 11:29 to 11:36 shake you out? How did you know to exit on the 11:48 bar? (I didn't, haha, I waited until 11:49.)

Very good, but I am not that certain unmentionable egregiously garrulous guru. Put it one one minute and get back to me. BTW, you should never close your chart or your trading window. I keep mine open 24/7/366. Where I can see it from the bed. With the volume set loud enough for the audibles...

Almost good enough. Evaluate the trade. Why it was hard to hold. Why it was hard to exit. Nobody will think the less of you. You get bonus points if you flatter me and say that a certain unmentionable egregiously garrulous guru wouldn't have initiated it in time to get all it had to offer.

Traderdragon2, I, too, believe there is much wisdom in the Geisel. My first subtle sex education lesson for my children was when at bedtime I read them the line "Red, Ned, Ted and Ed in bed." Would you care to explain why you think Seuss is applicable to trading? While we're waiting for ET to do...

OK, then what about you, 225? I promise you what I have to offer is explicit, clear, simple, quantitative, possibly even testable, and has a respectable pedigree. All characteristics sadly lacking in certain quarters. Why won't you suck up? Please? This is getting embarrassing. I am beginning to...

OK, I'll give you a hint. I won't tell you how I entered the trade, but will tell you how I exited it. The former requires genius, the latter patience. What I offer is a patience tool. It's not even mine, but it's so obscurely published that I am going to take credit for it. A common enough...

An apt reference, the Niederhoffer. Those free methods make a lot of money. For market makers. But my free method, should ET ever humble itself sufficiently debasingly to make me disclose it, will make market order traders money. And me, too, if only I can get a thick-headed and suspicious ET to...

"Faire pleurer le cyclope!" ET is hopeless. That one 14.5 point trade took 55% of the NQ's 25.75 point daily range. There were at least nine other trades offered which, though riskier, could have delivered over twice, and possibly thrice, the daily range. The generous limit order traders are...

You are quite welcome, but this thread is about trading. Literary references are merely a charming way to recognize the eternal verities of human nature which trading reflects so cruelly. And I chose the reference to Hamlet's friend Horatio to be alliterative to another famous H whose philosopy...

Kindly explain the irrelevance of your literary citations? My third poster who refuses to do the work! I'll bet no one reading this thread has looked at the trade or looked up the reference. Be advised that is the attitude of a loser, a trading failure, an immature person, an orthodox...

Je fais mes apologes! I resonated to the twists and turns in direction in the poem, sorry. It is nice to have a fib trader on board, a fibber, as it were. I have a treasured fib private correspondent who tells me where I should have reversed after it's too late. You may find my lesson to be of...

Absolutely lovely, and OT! Profitability, like Roosevelt's prosperity, is just around the corner, if only someone would give us an indicator telling which way to turn! But I see that you have not done the work, either. I am nearing the end of my life, and I seek to pass forward my trading...