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So basically your proud to be an asshole yep, I see what you mean.. Congrats..you win.

You seem kind of bitter. I will let you know the day I am ready let a newby define my professional life son. Please go ahead and hold your breath. I am pleased with my accomplishments and with my intentions toward my fellow man.. Sounds to me like your game is in fact "broke" and you're...

Actually it is not free. I ask people who I help (if they learn enough to make a profit) to make a contribution to the charity of their choice. I never mention it after that, because people who have the discipline and perseverance to learn and profit, are to be trusted. I hope that is...

Yes I am...and for the right reasons. I try to help folks who are having difficulty starting out. Since I am retired from the business, one can observe that I am one of the lucky ones who found a method that fit me. Also notice that for the most part, I don't make "calls". In my opinion...

Clearly you don't understand how the market works The idea that subscribers to specific approaches are more or less successful because of the approach is incorrect. What is correct is that some traders have been successful in finding an approach that fits their skill set, their psychological...

I guess it is time for me to repeat this for the record how you profit from a concept or idea depends in part on YOUR skill levels, your ability to put ideas together to develop an idea, and your experience. Some folks may not be able to profit from these ideas. I'll elaborate later, because...

Dr. Steenbarger used 15 min bars in his research and I liked that because I could easily adapt it to other time frames. No connection to institutional use that I know of. Another good reference for you would be "Volume Spread Analysis" and Richard Wyckoff (Try Googling these words)...

This is a chart using 15 min candles. What I have done is to notate how much volume occurred at each bar. For "Up" candles the number of contracts is notated at the top of the candle. For "Down" candles, the volume is notated near the bottom. These figures are rounded up and down. Compare...

Well, I cannot estimate (at least not with confidence) the magnitude of a retrace. I don't have that talent. What I can do, is to use MP to estimate daily range given certain circumstances. That I can do, with confidence and with accuracy. I look for at the following "types" of open 1.)...

And the same using 60 min candles I would be looking long and strong above 1540 Short at 1535

Here is the daily chart You can see that the uptrend is still in effect

Its true "Jimmmeeee" You do have a lot to say Too bad so little of it is worth remembering. :D Edit; Here's one thing I remember. Quote "using margin, you can grow your account exponentially with little risk" Question "how do you do that Jimmy" Answer "duh" I...

Yep I have to admit it. I did. Sorry for the reaction. But I like Cipriani's pie...lol and I am allergic to Pamprin Nice to hear from someone with a sense of humor (that recently I seem to be lacking). Bye Steve

Yes Risk What would I do in life without your direction? Between this and your profound comments on Cipriani's apple pie, you are developing an alias to be proud of. How about helping yourself to a piece of "gophuckyourself pie" a la mode of course. I am sure there is plenty for both...

Good for you sir.. I have never seen someone so excited over 2 points. I realize that is a big deal for you, and an event that you will cherish always... Congratulations on your winning trade Good luck on Monday folks, Steve

Sure, programmed trading continues on a 24 hour basis at UBS, Citi, and some at Goldy and Merrill. They aren't however "Black boxes"..They are known strats that are monitored by the second team, with instructions not to intervene but to report to specfic individuals (just my experience). Is...

Just a quick note. From my point of view it is at these points in time that what I call "transition" often happens. When I say transition, I mean change of control from buyers to sellers or vice versa. Buyers have been defending all day and have been losing. By now all the big boys are gone...

What platform would that be, etchasketch? Here is another chart with the same "line in the sand" that I posted almost a week ago. You can see how price is respecting 1535 area. Big players are still on the sidelines, because they would prefer to mark it up a little more. Funds and...

Another look a the 5 min chart for possible short re-entry

One of several old floor trader's tricks is to measure from the low of the flag to the current bar and extrapolate up By my eye, a long scalp using that profit target would be about 2 - 2.5 points. One interesting attribute of the method Osorico suggests is that the long price stays in...