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This isn't exactly foresight but I have no place else to put it so . . . I was moseying around the internet for reasons that aren't important and came across this article about trending and ranging and how stocks or whatever trend only 30% of the time and so you want to buy things that are...

I was saying to someone yesterday that we may be looking at the modern equivalent of the Slave Rebellion (e.g., 1811). Only this time, the "slaves" can purchase weapons without a license and they're entitled to open carry. Better than television.

Blessed are the cheese makers.

I'm not worried about him either. And maybe he does do well in trending markets (which we've been in going on seven years). But that's not the point. No plan. No rules. No sense of direction. No risk management. No trade management. Losses that would be debilitating to a beginner (assuming...

Isn't there something in Genesis about the faithful being stewards of the living and non-living?

Yep. Inquisitions will do that :)

It's one of your many weaknesses.

Hey, Ricter? Wassup yurself?

About this 4600 business. I've been looking at the weekly chart again and noticed that we failed to reach the upper limit by about 30pts last July. As the important part of these channels is the median and not the limits, we may have come close enough to count as a reversal off an extreme...

You have the rules. All you have to do is apply them. Your friend, on the other hand, appears to have no rules, or for that matter a trading plan. Nor have I seen any mention of trade management or risk management (50pts is not "risk management"). And given that this approach not only continues...

What is there to be afraid of?

Whatever works for you. Fortunately, it doesn't come up that often, but one's tactics should be determined in advance so that one isn't thrown by it.

Why?

Since so many of you are following this thread today, I want to take this opportunity to point out that I don't pay much if any attention to "outliers" when it comes to DLs and SLs as the outliers have only a very temporary effect on the demand/supply balance. Therefore, In this case, the...

Depends on the plan. A couple of points? Yes. Three or four? Maybe. 40 or 50? No. Of course, having a plan is always a plus.

Why?

Has anyone else noticed that the three "real-time calls" made so far have all been losers and only the hindsight charts are winners? Hmmm And still nothing posted in advance. But that's understandable given that the "grail system" is based on three indicators and multiple bar intervals so is...

Nope. Still there. Maybe you have me on Ignore. :) But I'll post it here as well so that you can make a bumper sticker out of it.

So the stop is only 11pts this time. There seems to be a learning curve in progress here. Now if only the "grail system" provided some sort of directional guidance . . . (Oops! Stopped out again. Three strikes. More losses. And the SLA continues to rake it in.)

And to continue (I'm posting these together for obvious reasons):