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"The Naz went from what, 5,500 to 1,100 by 2003? " how is a DOWN market any LESS of an opportunity than a bull market?

it was a friday. it was also veterans day. i think a heck of a lot of traders said "screw it"

"2003 was a unique time. With the dot.com bubble burst, the crashing of tech stocks generally, and then with 9/11, the market became irrationally depressed - and that is what led to such outsized gains over the last 4o0 months. I seriously doubt that such buying opportunities come along more...

yawn... "It seems all of the US index futures make their big move in instants, then spend most of the rest of the time randomly moving" they are not "randomly" moving. one traders OPPORTUNITY is another trader's random. basically, you seem to state (and complain) that they are not...

well yes. key reference areas are areas that, for one reason or another MAY act as support or resistance, or should act so. they could be anything from market profile reference areas to globex hi/lows, etc. etc. if you see price BLOW THROUGH a key reference area like it was not even...

it also means not limiting yourself to one instrument (stocks) or one market. the S&P is not the "market" anymore than the SPEWI or the DOW. depends. for example, corn has, in the last MONTH or so, risen the equivalent of over 1,000 dow points. when gold was a SCREAMING buy near the end...

"This market cant be shorted" translation: YOU CAN'T implement this strategy successfully, therefore it cannot be done. extrapolating from your individual failures into general "truths" is a classic error of logic and ego. you most definitely can profit from (strategic) puts and shorts...

look, this is an issue of LEGALITY< not practicality it is illegal (i think cites were already provided) to use the markets to create the false impression of order flow, when in fact you are just trading your own shares with yourself. it's that simple

knowing the character of the market you trade, both in terms of its general nature, and its specific nature on the particular day as it is developing is key. i trade index futures. i know, for instance, that on average only 4-6 days a month will be "trend days' or in "vertical development"...

"Concerning high probability trades and passing. Why do you pass? Do you have a better trade? Or you just prefer to leave the money in the account and not risk it? Wouldn't it be better to just risk a small amount, maybe using tighter stops or taking a smaller win?" my trading methodology...

and some traders routiney make a living by pounding out many trades where there "reward" (at least primary and secondary targets ) is LESS than the risk. again, it's all about positive expectancy an 80% winner with a 10 pt stop, 6 pt first target 8 pt second target, and 3rd target a runner...

"Anyway, what I noticed is that you didn't mention indicators like TRIN." i use TRIN, TICK, A/D (breadth), sectors, tape, etc. i personally don't use any LAGGING indicators for my intraday dow futures trading. i will use them on swing trading stocks and commodities and occasionaly for...

market profile, like any chart is a just a way to model price action that's all charts are. they are not necessary for trading, but most people who trade technically and/or short term timeframe obviously use charts. the problem isn't market profile. it is that many users of market...

"I like the Bruce Kovner 1% portfolio percentage total risk per trade (or even more ideally, per trade idea). Use that to determine maximum size. Then scale in under that." which is still dependant on what you trade, etc. i scalp index futures. i NEVER scale into a winning trade...

another great quote about trader evolution 1) first you learn how to lose money 2) then you learn how not to lose money 3) then you learn how to make money most traders stay at 1) and then eventually quit

in regards to the MCI analogy. MCI is/was a STOCK - a company oil is a commodity there are, needless to say, numerous problems with analogizing between the two for the chartists - my long oil is about 50% fundamentals and 50 charts

for pete's sake there ... is... no... holy... grail... i think what is more important is that the search for a holy grail is counterproductive to trading. develop a strategy, whether automated or discretionary that has an edge. use strict money management and rules and let the edge...

this is totally illegal what is also illegal is, for example, to prearrange a sale with another trader, like saying "i'll offer at price X and you take my offer at 0910 hrs"

" A wise man told me that, no matter what you trade, the secret to success in the market is simply good risk management. Cut losses short, wait out the winners. " he's right about the first part. as for the second part... not necessarily. "Is 0.20 an ideal stop loss? No, not if your...

what is scary? make an entry, set a stop.