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Now what I do is to analyze this data by looking at: What preceeds the move (The fakeout move) What constitutes the move (The "parts" of the move) and the magnitude of the move (absolute size of the move) What you can do is to compare this move's characteristics to previous moves...

As you can see the move is broken down into parts. 1. The initial spike which is a kneejerk reaction to the news 2. The initial pullback as late arrivals decide what to do 3. The main move as traders jump on 4. The reaction move The total size of the move was about 7 points in the...

Hey Folks: For those who might want to trade the FOMC. There is a simple way to approach it. First you probably should get a little background on the meeting Here is a reference http://www.federalreserve.gov/FOMC/ You can use the calendar feature at the bottom of that page to look...

Hi guys: You seem a little upset. I notice that the thread titled "steve46" has over 3,300 views now. http://www.elitetrader.com/vb/showthread.php?s=&threadid=60755 I imagine it is becoming almost impossible to find a newbie to screw with these days. Nice Troll cartoon Samson...

I dont know how "vicious" this is. I think of it as stupid and what was that word you used to characterize me?...."immature"? Actually I hadn't planned to do this but since you insist. Heres a nice little note I recieved from you... --------------------------------- WalterJ...

Careful Wally, don't let that blood pressure get too high. What are you about 80 years old now. How is it that you are allowed to stay up so late. Did you sneak out of your facility again? Shame on you. How will you have enough energy to go bar hopping with your Ashlee Simpson...

Okay, two comments First, sorry I misunderstood your post. The fault is mine. I apologize. Second, saying that in your post would help those of us who don't read minds. Thanks Steve

and some have no sense of what it means to grow up and accept responsibility. Any other "gems of wisdom" to leave with us?

You'd think so. But look at the hosers on this site. You have a variety of people who say they trade but can't talk intelligently about the subject. Some of them have a significant number of posts, so you know they have had access to ET and a number of good traders over the years. When asked...

While I agree with Mike, I don't know if I would put it quite that way...Well, maybe if I knew you better....Anyway If you can make that kind of return, why not pay your own tuition? I say this because I did it myself. Not by trading. I didn't know how at that point in my life. But by doing...

Hi Roberk: I am sure you have thought about this in detail. Apparently you believe that a one week trial is sufficient time in which to judge. Who am I to say different. Sounds like Linda's site (as well as several others) wasn't the right one for you. I tried her site for a few months...

Sure Wally, and your girlfriend looks like Ashlee Simpson :D Right I am guessing she looks more like Bart Simpson. I understand that you are living at "Brokeback Retirement Home".

One nice thing about slapping you around here is that you arent too smart You continue to make the mistake of refering to my comments as lies. Then I simply refer people to this thread: http://www.elitetrader.com/vb/showthread.php?s=&threadid=60755 As more ET members read about you...

As many of us know now (See thread titled "steve46") in addition to the "parlor tricks" you "picked up" copyrighted material from Linda's room that was marketed here for $6,000 per copy to newbies. So it seems ingracious of you to say "don't waste your time" Personally I have found...

Good question. We know that all you need is one copy for each hand.:D

Just for the record, there are a couple of folks who would disagree about Open Interest. Take a look at the most recent Options Expiry. For anyone with historical data, you might be interested (no joke intended) in looking at the prices that got tagged on the upswing and then on the...

Well Mike: You were doing so well until just now. Your comment was interesting and as a result I was motivated to look into a subject I haven't thought about for a long time. I took the time to look into the citations on the subject and into my own experience. I am pretty sure we are not...

Thats fine Mike, but it doesn't help new traders. You see it is not the emotion itself that hurts new traders, but the feeling of being "OVERWHELMED" by them. So when I say that one has to control their feelings, what I am pointing out is that new traders have to learn to take a step back...

You know, this new time limit for posting (10 min) doesn't seem to work for me. If you don't mind, I would rather have you PM me with your additional questions. Thanks. Steve

Hello: I understand your questions. Lets take the first one. Win/loss I assume that there are a limited number of TYPES of market days as follows: 1. Days when the market consolidates (chops) during the first hour 2. Days when the market runs (trends) during the first hour. For...