for scalpers,when looking to catch a turn,you can wait for the dom volumes to turn,shrink down to one price and one total on bid /ask,follow the size, on the first pic, its not a short yet because offer size is still larger
bias is used when a person says i will open an acct and make a living trading,bias is used when a person says i will look at 1 minute 5 minute 1 hour 5 yr charts,bias is fine tuned when the ideas bouncing around in your subconscious are bouncing off stores of data,looking at a lot of data...
Hikkake
The Johnson Report on Day Traders
Ronald L. Johnson prepared a report for the North American Securities Administrators Association (NASAA, a consumer protection group trying to keep the futures industry honest) on the success of retail traders. He chose at random 30 accounts (not a...
lets assume you will at some point HAVE MADE over a million trades,all in the past at this point,how much energy would you waste lamenting on at least 500k trades,in the past which you cannot change,if that employed lamenter was getting paid ,he would be a drain on your budget with no...
Michael Marcus also serves as a person that many beginners can relate to: His began by losing most of his money and with very mediocre trading skills. With help and guidance from his mentor, Ed Seykota, he began winning and profiting in the commodity markets.
Lesson #1: Each Trader has A...
apex82
Registered: Oct 2005
Posts: 2882
12-08-07 02:03 AM
Quote from opt789:
Apex,
Could you expand on this a little? Maybe I am missing the point but I don't see what you are seeing.
NFP : next week's SPX
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