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Wow, you really went the extra mile to get that racist dig in. Must be hell being a klanboy: so many kneejerk reactions pulling you this way or that way. :p

True but the kid's point is that it's hard to wrap that up in an indicator. My point is that it's not necessary and may be a distraction.

As a scientist, you can appreciate the fact that Newton's law of universal gravitation explains how gravity works but not why. And Newtonian physics got us to the moon. Figuring out the how is difficult enough, I leave the why to philosophers (or in the case of price, economists).

Yes, actually. It's a lot easier to draw straight lines than to figure out a magic algorithm for determining all possible significant price movements.

My trading philosophy: If your technical indicator needs confirmation, then you need a better technical indicator. As always, YMMV.

http://www.elitetrader.com/et/index.php?threads/pros-and-cons-of-trading-markets.284856/

... to fix the economy. LOL!! http://www.vox.com/2015/1/7/7508129/mitch-mcconnell-says-senate-republicans-traveled-back-in-time-to-fix

What is a masterclass for trading? As contrasted with a regular class, I mean.

"How sharper than a serpent's tooth it is to have a thankless child!" -- King Lear (William Shakespeare)

Incorrect. Any car can be repaired given adequate skilled mechanics and facilities. Old rustbuckets are restored and resold all the time. But prices still either go up or go down for all traders. For most it comes down to laziness and/or lack of imagination. People expect some guru(s) to just...

Then you can't say with real certainty that one indicator isn't enough. As you say, it depends on what the indicator is doing. I find your car repair analogy to be inapplicable. Cars can go wrong a million different ways and full-service car repair facilities have dozens if not scores of...

Whoa! Way too many unanswered questions here, and for some reason people are just jumping in with advice that may not be at all pertinent. First of all, what are your savings doing under your bed? Don't you believe in banks? In the USA, individual accounts are insured by the federal...

So give us a number. How many indicators do you think are needed to adequately analyze all market conditions?

My indicator gurus : Mark Jurik, vendor. I never bought any of his products but I gained invaluable insights from his website. Perry Kaufman, author. My MM gurus : gummy and gbos, ET members (former, sadly). My trading gurus : Jack Schwager ("Market Wizards"), dbphoenix (persistence), many...

You go all out to post like an idiot but I'll play along this once. Being serious means first and foremost figuring out if you have any chance of winning, not just once or occasionally but overall long-term. In a casino, the only games you have a chance of doing that long-term are blackjack and...

When you trade for yourself, your "customer" is YOU, the same as if you were a professional poker player or an independent gold miner. "Treat your trading like a business" just means to take it seriously, not like a hobby you dally with. It doesn't have to exactly correlate with a...

http://en.m.wikipedia.org/wiki/Technical_indicator www.jurikres.com http://www.amazon.com/New-Trading-Systems-Methods-Wiley/dp/047126847X/ref=sr_1_3?s=books&ie=UTF8&qid=1419783114&sr=1-3...

Exactly. It's theoretically possible. Golf requires physical conditioning and muscle memory. Just knowing what to do isn't sufficient, the actions have to become automatic and that takes practice. By contrast, trading is mental. You can learn a working strategy in less than a day and complete...

You might want to look at optimal position sizing rather than the 2% rule. This will get you started: http://www.elitetrader.com/et/index.php?threads/kelly-for-traders.102205/

3rd cop? This thread has absolutely nothing to do with the two police officers murdered in NYC. This story is tragic but has nothing to do with anything going on elsewhere.