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Heres my ER chart with 5 min candles. If you refer back to the vol, you can see that it (along with a few other data points) got you short on the next bar down, which is good enough for my little enterprise. Risk 1 pt on this one.

Trade4 Yes seemed like a 123 from my screen as well. I dont use the colorful screens and I try not to anticipate too much. I buy the turn, rather than the setup. Heres a couple of my charts First one shows the Esignal indicator $add. Works well for me on a chart with 3 min candles as I...

Are you sure you want to go that far out on a limb? The high so far is 693.70 :D Surely not 694 or 95. No one could possible expect that! Steve

I am setting up a new trading location. You folks might be a perfect fit for my office suite. I will have all the logistics in place by next week. I will pm the address. Parking is plentiful and I am near a well known fast food business. The view is a bit restricted and some people may be put...

Well, there are certain advantages to mechanizing a well developed rule set; 1. The program always follows the rules 2. The program doesn't "sleep in" or "miss signals" 3, The program can trade multiple markets concurrently these advantages are undeniable, and as a result, when the...

This happens every so often. Many never get taken down. The ambititious "big time scammers" who sell books, and put on convention meetings. The small timers who sell chatroom services, shill pirated systems, and useless advisories. We've all seen them here on ET. Some of them post...

Thank you for the kind offer. how interesting and how generous of you. You go from being a losing trader to counseling others in the blink of an eye. If I decide to take you up on your offer, how long before I can duplicate your wonderful results? Steve

Silly mistakes do tend to irritate me. but then I read these posts, and well I just cant help but laugh. The topic of this thread is "huge volume on AMD Dec 25 puts" I posted my opinion. You disagree. No problem. Just continue as you have been. I am getting some PM's from those who...

Sorry, there are times when a person just can't make it any simpler than it is.

You seem to me to be a person trying to tread water. You are sinking and you are flailing around trying to get something to hang onto. You aren't going to hang on to me. I think the rest of the folks know or will eventually figure out what "the big picture" is. You may be a person with the...

ya think? Apparently you were among the last to figure it out! Be more clear? NO, I can't "be more clear" did you want an order of fries with that? What are you 12 years old? figure it out or don't. What would motivate me to teach you how to see the big picture? Steve

Actually my post isn't meant to "make sense" to you. I think you should ignore my comments. They are directed at folks who take a more thoughtful approach to PREPARING to trade. You don't. Pretend I don't exist, or put me on ignore. Then you won't be troubled about anything I might suggest...

All I can say is "wow" What an expensive way to learn. and speaking of learning, you folks might want to "learn" to think critically about this situation. In general, change in open interest BY ITSELF isn't a good indicator. IF HOWEVER you look at WHEN the change occurs (the context)...

Yes I agree. I would be proud to say I understood everything he put into that one. I don't. Its a very good book to have. Good luck Steve

Yes, I agree, dont buy the book. You dont want get a book like that too close to the other books in your library. Steve:D

Its sort of like a cross between a Yacht and a Beyatch. I used to have a 36' Beyatch docked outside my home, but it got to be too high maintenance. That was a hell of a boat. Steve

Speaking as a person who comes from a family of lawyers, I have only one comment; BULLSHIT!!! Steve

Hello: I think the automation of losing money is an exciting idea. Seems to me that automating that process so that one can lose money without actually having to be present is appropriate for the crowd here at ET. Also interesting is the idea of using Adsense to generate revenue. What if...

This is a version of a standard contract for professional services. In my office (I am retired as of a couple of months ago), everyone had the same contract at hand. Simply stated, it means you cannot trade an account that is funded by someone other than you. It is meant to keep you from...

Uh, well, at the risk of seeming to use "sophistry" I will say that I can "predict" the market pretty well on an intraday basis. Let me qualify my remark in the following way. I don't have the ability to say "OK, we are at 1234, and tomorrow we are going to 1244". Thats not what I am...