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:D :D

Yes, in fact, it was proven over a 4 year period, with the investors realizing 35% per year ROI: http://www.holyrollersthemovie.com/ This is an enlightening movie for any trader, demonstrating how speculating via a strict set of rules, even with major issues such as potential cheating...

Pure price penetration :D

@nakachalet I don't think the OP minds demonstrations of edges here. I've no idea what your cropped charts are saying, though. How enlightening it would be if you could schedule, say, a 1-hour trading time window within which to post a few live calls (entry and stop prices) so we can get some...

Well, looks like we're not going to get any live calls to help with understanding "renko", but I'm definitely looking forward to the forthcoming trader porn when I return later: Cheers!

Excellent.

Your use of the phrase "bullish market" means you've already used technical analysis. You've identified a trend. Random entries in the direction of a trend produce a profit more often than not.

Ah, his Magnetic Attractor Strategy. I haven't run the stats on it lately, but for the longest time he'd call a price at which he was planning to go short or long the ES. The price he was bidding or offering was quite a few points away at the time of his post. If you took the opposite...

How is it possible then that so many retail businesses fail? Your probability of selling some inventory for a higher price than you paid is high. Your probability of selling all inventory for a higher price than you paid is low. Your probability of making enough profit on your inventory...

Your screen shot of the chart was great, but it would be really helpful for those of us who've never even looked at a "renko" if you could post some live calls next week during a one- or two-hour time window so we can follow along and see how you work with it. Just a quick post for each trade...

Trading for a living is a business. You buy and sell "inventory", and you have costs of doing business - hardware, software, data feed, internet connections, commissions, slippage (which could be thought of as shipping costs). If you're a savvy business manager, you'll have done you're...

Having kept a journal and posted many live calls here for a couple years, I guess I'd be a qualified trading guru under those guidelines. I've been mentoring for a while now. I worked with a couple "students" this year. One caught on quickly, did the work I requested and reported to me that...

Intelligence can have a huge bearing on trading success, a detrimental one. For the longest time, I tried to improve on something as simple and profitable as positive expectancy within a random distribution. I was the Yale student...

Can you provide some examples of a pursuit one can spend time on knowing in advance that the time invested will result in a productive outcome? I did spend thousands of hours testing all kinds of trading ideas, not knowing in advance what would work and what wouldn't, not even knowing if it...

As for real time calls, I'm curious what those desiring this believe they'll gain from it. ET's chat room was active when I joined in spring 2008 and I actively participated from July 2008 until its demise, when it was continued by Robert Weinstein, where I actively participated for quite...

My consistently profitable trading plan was the result of positive influences from several people: al brooks, austinp, bighog, geez, jack hershey, and you. The single most important concept I've incorporated into my trading was the result of something you shared with me years ago in response...

PA and TA are foundations/frameworks around which to develop an edge. To make a living trading your own account, you have to be an elite trader in every respect. Those who will have the greatest difficulty are those who are perfectionists, those who are thrill-seekers, those who cannot...

The reason why those folks in "my camp" don't lose huge money (we do lose money often, but the gains outweigh the losses), is because those folks in "my camp" put on trades (and make calls) based on the best of our information. Our best information is based on the technical analysis of price...

"A snake oil salesman is someone who knowingly sells fraudulent goods or who is himself or herself a fraud, quack, charlatan, and the like." Back in the day, "snake oil" referred to a product that was supposed to bring health to the suffering. The way it worked was that one consumed it. Maybe...

Sometimes when people come through difficulties in life, they undergo a spiritual transformation and decide that chasing the "lucrative" isn't all that satisfying. I no longer spend 60 hours a week trading, studying, compiling stats, etc. I have a complete plan and am satisfied with it; it's...