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ok, so a combo of sentiment, fundamental and technical... sort of in that order. Right? Personally, I think it is hazardous to your trading acct's health to trade off sentiment (ie watching other people). Look at the energy sector. Bullish sentiment has been off the charts (according to...

FYI there's a mkt scanner poll on IB's site you might want to take: http://www.interactivebrokers.com/en/general/education/marketScannerSurvey.php?ib_entity=llc

I think I understand. You go by fundamental much more than technical rationales and you don't use any real money management rules (stop loss, etc.).

Other than the numerous dummy lessons I linked to above, you an also find a lot of references to the pattern in other places on CM's website. For example, he has a regular chat on different topics and at the end of the chat goes over people's trades offering advice, etc. The above is...

James, on a bit of a digression...I noticed you're short GOOG with a large unrealized loss. Do you usually let positions go against you like that? When, if at all, do you say enough?

sunny, I'm more into swing/position trading (if you've read some of my other posts I mentioned that I was long energy and short airlines). I'm looking into CM's 'dummies' as an intraday/morning play. The best person to ask your questions would be the Chaiman himself (see above link). candle...

If you and Eliot Spitzer were bunk mates in Harvard, you might get away with it too.

There's also New Investment Superstars and another When Supertraders Meet Kyrptonite (or something like that ) And don't miss this: http://radar.smh.com.au/archives/2004/09/hold.html

you're welcome Brandon. btw, in another thread you mentioned a short in XOM - I was curious, why did you take that trade? http://www.elitetrader.com/vb/showthread.php?s=&postid=828901#post828901

And for todays: I hope it would be obvious why OII would have one's attention. It went totally apeshit, jumping from 46 to 50 in no time this morning. As per dummies, we wait for inside bar to form. It forms on the 5 minute chart at 10 am. Buy stop would be above this candle and stop loss...

First one is from yesterday (I'll post one for today a bit later). Its important for you to understand two things. One, if you really want to learn this, go back and read CM's lessons. All of them. It is a simple concept but there are no shortcuts. Two, I have tweaked it and do not 100%...

This is a journal dedicated to a very simple pattern called 'dummies' as propounded by Chairman Maoxian. Complete lessons can be found here. What you will NOT find in this journal: *any discussion of indicators (CCI/MACD/OBV/RSI/etc.) *volume patterns or their meaning *Guassian...

TGM, contact help@interac.....

Guys, this is getting chit-chatty... Did anyone notice that even with a very small sample size (only 85 respondents) the poll was an excellent signal that oil was not going to spike up? I thought that was neat.

Please tweak the mktscanner so that splits (like FDG today) don't show up.

This may be a dumb Q but how are you supposed to buy/sell when it crosses like that? use limit orders? at which? bid or ask? (it just happened for a bit in MRO during the recent ramp to 64.80ish)

Allow default setting for charts (so we don't have to click, click, click to get a chart going). Also, allow settings (like switching from 5 min to 15 minute or 2 minute) to be changed from the graph/chart itself.

dude, you should totally upgrade. My version spit out next week's lottery numbers.

Wowza...PWR must have attracted a lot of momo players.

Why in the world are you shorting this behemoth? I wouldn't touch this thing (either long or short) because it doesn't move. There are sooo many volatile oil/gas plays out there. Seriously, why did you short it? what was your rationale?