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If it looks like they are going to withdraw it seems the run on the banks will be instant, furious and sustained. It is an awfully big decision to go back to home grown ... particularly since no one want their home grown.

Even though I don't trade CL I make it a point to keep up with this thread, bigsnack, for exactly the reasons you have detailed. It is a great thread with near zero drama.

OK ... so it is talent not inspiration. Fair enough. Discretionary is not an easy route to go and I think all discretionary traders struggle in the early years. But I suspect that all roads are ultimately difficult and reward very few.

I increased my top line by 300% and my bottom line by over 500% in four months. Should I give the money back since his crystal ball was defective? How can someone who can read and write possibly think that results are less important than predictions? Get a grip!

Your position is clear. You think discretionary traders "rely on inspiration" and, to me, that translates into that you think it is without merit. I do not think we can agree.

I have a friend that spent 15 years teaching art at Harvard and has been a successful artist in her own right. Think about what you are not convinced of. It is talent that can not be taught. Technique, which is relevant in all we master, can clearly be taught. And, except for the very small...

It is not a zero sum game ... it is, with commissions, a negative sum game. But it is important to realize that neither zero sum or negative sum games result in zero winners. The fact is it is extraordinarily difficult to show even a small profit as a trader yet a small number of people have...

Al never said he invented anything. In fact in his book he plainly states that no matter what they call it there are numerous traders that use similar methods and identical setups and he is clear that many of them were using them long before he discovered them. I would wager that his profit...

Quite an odd way to describe an astute woman trader. I have followed her posts on CL Redux for quite some time and am pleased (VERY pleased) that I have devoted time to them. There are a few real price action "guys" in that thread and she is certainly one of those with tons of screen time and...

If I read you correctly, rather than use the equation "time-in-trade/movement-over-the-period" as a/the determinant on whether to close the trade you view it as telling you whether to abort or scratch the trade. I assume for those that are not aborted based on the time/performance equation...

I am missing something here. Please explain.

Thanks. I will verify.

Just so it is clear to me the one minute data is incorporating every tick in that open. high, low, close minute?

I think I have been suffering from a misunderstanding of how one minute data is calculated. I always thought that they sampled the market every minute and therefore there could be ticks in between the compiler's sampling points that were left out and that consequently the data could never be an...

Craig ... your instinct to explore the depth of what could well turn out to be a complex problem/riddle to solve is understandable. Yet I urge you to flip the equation upside down. Look at it as a simple opportunity. How do i goose my results by making some simple and QUICK adjustments based...

Dax ... It is every bit as difficult to read as others say it is. But it is worth the difficulty. Al has not invented a new dialect of English he has invented a new freakin' language ... and you get no dictionary to decipher it. That said I will buy every book the man ever writes. He is a...

# 1 is essentially what I meant. QUOTE]Quote from wrbtrader: 1) Traders that use charts...sometimes this is refer to as chart reading of price patterns or key price areas without indicators. Mark [/B]

Mark ... I agree. There are many ways to skin the cat. The reason I wanted to weigh in is that I feel a real debt to AL. He has attempted to share what he knows. His writing style is unusual -- lol -- but we all work with what we have. Are you "pure" PA in your trading?

wrb .... I see your point and you are clearly accurate. I am in Al's webinar everyday and let me factually tell you about the screen I see him use everyday. He trades a 5 minute ES chart and until recently had only a 20 bar ema (close) but recently added the same ema from the 60 minute time...