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That's most likely not what mgn was talking about. If you're looking to find how he trades, I can tell you what I saw him explain on TV a few years ago. He simply buys some of the biggest percentage losers during the day and sells on the bounce. If he's still trading that way or not I don't know.

http://www.rizumu.net/movie/%E6%8A%95%E8%B3%87%E5%AE%B6%E3%81%9F%E3%81%A1/1/6oRguSIUiQw/

Is this what you're looking for? https://twitter.com/tousika1

Glad to hear that you too see the value in doing so. I guess you could say that it's like an artist viewing a picture in a museum and a critic who can't draw so well, or at all, looking at the same picture.

Agree 120%! In the 70's I sat in the broker's office all day and after the market closed I plotted up to 300 charts by hand each day. Am really glad that I had that experience.

Being a Trader is the Best Job in the World! Yeah, being your own boss is really great, as long as the day doesn't come along when you have to fire yourself!

"They" as imagined by those who can't read price movement are the evil guys who are sitting around a table wearing dark hats and chewing on short cigar butts with their sleeves rolled up exposing hairy forearms in dimly lit smoke filled rooms working late into the night plotting how to...

Those of us who can read price movement have no need to predict where prices may go as we will usually be able to tell when an end to a run is near or has come. But for those who can't read price movement, I guess their feeling of uncertainty could only be relieved by having a favorable...

Yes, you can cut out ET Robot. But for those who want to view both, the only way now results in Chat and Robot running together, which I found to be less than smooth to read, and a waste of some Chat space.

Wouldn't it be easier to follow and read Chat if the page were split into two panes for Chat and ET Robot notifications? And it would be nice if the divider could be dragged up and down to expand/contract the panes should someone want to focus on Chat while still wanting to keep an eye on the...

I would say that it should not be what you ask others, but what you should first ask yourself. Being, are you willing to spend the time and effort to learn what is required before you get into the ring with the heavyweight champion of the world? And, do you really have the analytical ability to...

There is the Nikkei225 Mini on the Osaka exchange that you can trade through IB.

By what I've read here and elsewhere everyone believes the use of TA is 'to predict' where the Dow will be at year's end, or what the price of Apple will be on your dog's birthday. Such usage, IMO, is the biggest pitfall of all, and leads to the failures that cause disbelief in TA. Am glad to...

All Of This Because The Japs.... 'Japanese' would be proper. FYI World War 2 ended 70 years ago.

When I was very young my uncle told me "Save every penny you can while your earning power is the greatest". And now I'm the miser that he was!

The best advice ever is "Never take advice". Meaning, trying to figure it out on your own will be worth more than any advice you could ever receive. And once you reach that stage, you'll be set for life. But if you can't figure it out on your own, at least you'll know what you're worth!

I follow learner2007. He's constantly showing me how much more there is to learn in this field of never ending study.

The biggest mistake a new trader could make is 'Not reading Redneck's words of wisdom'. If you ever have the time, I'll bet you could compile such a list that would be longer than your overalls! And maybe it could be ET's required reading for all new traders!

Please keep in mind that the last 5s bar is relative. Delete the x-axis and the price movement could fit into any time frame. That one 5s bar in itself is not the whole story. It, along with its confirming volume, marks the end of the wave that started with the end of the corrective moves at...

The examples you attached show a very common situation where a spike in volume is seen at the end of an extended move. It can be seen in any time frame and it often called a selling climax or blow off when found on daily charts. This price movement often leads to an immediate reversal, or...