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Data?

Well it's nice that you're devoting whatever spare time you do have to me. :)

Not really. Once one includes a large enough sample over a long enough timeframe and defines his terms more rigorously (there is a continuum between going bankrupt and earning billions), the distribution turns out to be close to normal. I argued all this at the time but people just loved the...

Well I'm flattered that you would be so fascinated with me that you would track my movements during the day. I'm surprised you have the time.:)

Ordinarily I don't bother with very short-term channels. Even though traders' behavior is creating them, few are aware of them. However, since we are back where we started, which provides a new trading opportunity, and since this channel is so obvious, it seemed a good idea to point out the...

Worked in the garden for 2 1/2 hours at 1100 and went back out after 1500 to net the fruit trees. Is this important to you?

If you ever try it again, turn off everything that tells you how much you've gained or lost and focus on your trade. You may find that you're far more relaxed in addition to being far better able to judge whether or not your trade is in real or imagined trouble.

I agree. Too much else to do outside. Fortunately the big moves are nearly all centered around the moves of the underlying at the open. Once those orders are settled and the direction is taken, there's not much point in hanging around once that move is done. And so often it's done by 1100...

The books and blogs will say that 1500 is often the time for big moves, which is technically true. The reality, though, is whether or not one wants to hang around for them. I was done by shortly after 1100.

At last, somebody who knows history :)

The 95% never has been true. It's one of those things that becomes a meme (which don't have to be true). Like the 10,000 hour business.

And of course the pre-open range doesn't stop having an effect just because it formed three hours earlier:

Two more examples of equilibrium. Note how price (traders) behaves when it leaves these levels.

That's not the case with everyone. In any event, this is a good start.

How the Ottomans Ruined the 20th Century

It is true, however, that most of those who are daytrading -- or claim to be daytrading -- are not in a position to do so simply because they're doing something else at the time: working, in class, driving, etc. No one who is serious about this can do it while also engaged in some other...

Considering the context provided in the lower left-hand corner, what are your objectives in these trades?

Those who were actually watching this in real time noted that extreme struggle that went on among traders from 07 to 12 for nearly ten minutes. Traders -- remember these are traders, not price points -- tried to exit through the top of this, but stalled a couple of points from the overnight...

http://www.elitetrader.com/et/index.php?threads/the-trouble-with-scribbles.290602/page-40#post-4110532

It'll take me a while to translate all this into NY time, and I'm kind of busy right now. If you aren't sure what to do, observe and take notes.