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  1. W

    The Wallace Trading Method

    Wed session May 16 price down thru various SDC's mls, rebounding off the outer line of inner sdcs 2 76s, 1.26772 , and 1.26067 which is the level the price came down to Jan 13/16 this year, but, on the M the price is approaching the ml of an SDC the price is traveling within and, Thru the...
  2. W

    The Wallace Trading Method

    Tue session May 15 well, at least the downside target was good price is sitting on various channel intersections and has hit TTs suggesting support - trend changed, but I don't hold much confidence that's going to happen - broke thru today there's a €436M note due for repayment, will...
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    The Wallace Trading Method

    Sunday for Mon session May 14 the EU pop is: 503.8M July/12 est while Greece at 10.7M a mere 2% of the EU total, so it's not going to be missed but, a bankruptcy/default pressures those countries etc it owes money to: http://www.bbc.co.uk/news/business-13798000 today's meet isn't likely...
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    The Wallace Trading Method

    Fri session May 11 I did find an R fibo where the price topped just above the 50 on both the 6E and spot the 1.3000's between the 61 and 76 will the Greeks coaliss a government ? a definitive NO has not been stated, if a NO were to be heard, there'd be a large dump don't you think...
  5. W

    The Wallace Trading Method

    Thu session May 10 today may see a small rally related and Prior to, US Jobless Claims at 8:30am est which May be down again, 360 K to 380 K . . . 1.2953 , although it could go higher with an outside chance of that 1.3000-03 area being reached can't use Rectracement fibos anymore...
  6. W

    The Wallace Trading Method

    Wed session May 9 early post, 1pm: price could close below the 1.3000 Tuesday, at least with spot I'm having some difficulty deciding what the price is doing and going to do, none of the charts are giving me much inspiration. best I can say is a possible base in the 0:8H bar euro...
  7. W

    The Wallace Trading Method

    Tue session May 8 Alpari NY eurusd gap: 1.3080 - 1.3032 thinking the price may drop down below the gap to the 1.3020s area and may begin a rally that'll eventually close the gap starting in the 0:4H bar, looking for 1.3292 area, but I may be being a bit optimistic about how quickly it'll...
  8. W

    The Wallace Trading Method

    Mon session May 7 11:45am pst down 50 pips and bouncing - Oanda - Hollande's in a Down day 1.3050 ? 1.3000 ? - close down ? a down week ? 1.2830-00 1.3000 level, the price has bounced off since the beginning of the decline in Feb but not yet closed on or below. that could happen this...
  9. W

    The Wallace Trading Method

    Fri session May 4 no trades some comments NFP: haven't watched a lot of these but surprised as I can't recall seeing high volume trades going thru Before the release. both the 6E and ES had large trades entered about 30s prior to the release - same trader ? resulting in large ranges...
  10. W

    NLP 'Mastering Fears'

    and this one
  11. W

    NLP 'Eliminating Fear' technique

    six years old, time to reprise
  12. W

    The Wallace Trading Method

    Fri session May 4 the UC was technically positive and I've been hearing 'them' talk down what the NFP numbers will be - 120K , and any number breaking the 244K . . . . . . . . . . . . . . . . . . . . . . . . . . Prior . . . . Consensus . . . . Consensus Range Nonfarm Payrolls - M/M...
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    fyi: Wallace journal changed from ES to 6E (eurusd) trading

    mods: please retain until Monday and then delete 'The Wallace Trading Method' http://www.elitetrader.com/vb/showthread.php?threadid=241719 just to let you know I've dropped trading the ES and gone back to trading the 6E (eurusd)
  14. W

    T'ai chi ch'uan

    prompted by Oldtime's 'Meditation' thread, thought I'd put this up as I'm trying to start to re-learn t'ai chi that I once knew 30 odd years ago t'ai chi - tc does for your body in part what meditation does for your mind ? individuals have lots of anecdotal info about the benefits of tc...
  15. W

    The Wallace Trading Method

    Wed session May 2 no trades my opinion of the es is that it topped in March and is going thru a reversal formation I update the SP500 index from Yahoo and looking at the 1440-1450 area for the price to top out. if you look at the 06-07 top you see the higher right side of the V formation...
  16. W

    The Wallace Trading Method

    Tue session May 1 great first trade, I lost a 7 tick $87.50 plus comm the chart makes it look like I was Buying the top, but I was just late out of the throne room. at one point I did an 'oh-oooooh' when I realized the formation was possibly the right leg of an H reversal. could have got...
  17. W

    Meditation

    never could get into the lotus position Oldtime, but like you, I 'sit' in my trading chair a classic of Zen literature is 'Zen Flesh Zen Bones' by Paul Reps, Nyogen Senzaki "When Zen Flesh, Zen Bones was published in 1957 it became an instant sensation with an entire generation of...
  18. W

    gold: new highs or reversal leg forming ?

    wondering if gold's new uptrend is forming the right side of an inverted H&S, or if it will make significant higher highs, at least breaking the $2,100 level, maybe going into the mid 20s or higher
  19. W

    The Wallace Trading Method

    Monday session Apr 30 no trades I've spent a lot of time yesterday afternoon-evening setting up charts and loading and setting up the MTs, then crashed in the early hours, woke late and continued to setup the NT charts Sunday trading's often but not always a great trading day and I...
  20. W

    The Wallace Trading Method

    I've done very little trading this year and haven't followed the ES at all till Friday, so I'm jumping into the void by starting this journal and trading my method without a period of demo trading the idea is to 'double' and make $1M in 12 weeks: 6E contract day trading margin: $500.00 =...
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