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Quoting this part in hopes it won't be missed. This is the kernel, right here.

What I think -- or what anybody else thinks -- is not particularly important or even useful unless those thoughts can be translated into actions that help to solve whatever problem one is thinking about. Rants do not qualify. In this particular case, rants about the Fed and banks and...

Volume doesn't "lead" price. Volume represents transactions. Without a transaction, there is no price, only a wish. Therefore, volume and price are coincident. As to the rest of it, you really ought to consider whether or not YouTube ought to be your GoTo source of information. The whole...

It's sufficient.

Good grief . . .

As I said a couple of hundred posts ago, ET is not the place to discuss this since so many have become rewired by FoxNews, but, no, taxing the wealthy would have no effect on inequality. The wealthy have been around for millennia. What have changed over the past thirty years or so are the...

Charisma* *(see PT Barnum)

Major media? No. But it's no secret that unemployment is about twice what's reported, and inflation is much higher than the reported number as well. These numbers have been fudged for years to make the government look good, or at least better, and the "major media" goes along with it since for...

Beats getting a job. :cool:

There is also the minimum wage issue, since the economy has had and will continue to have difficulty growing if a large percentage of the population can't afford to buy anything beyond basic necessities (one of the reasons why companies like RCII have done so well). Whether or not ET is the...

:confused:

I suggest you develop your plan through research and testing, which you might be able to complete in a matter of weeks, depending on how much trouble you're in, but no more than a few months. If you try to put something together via simtrading, it could take years, and generally does.

Note that when the heavy trading occurs, price is pushed back into the "range", e.g., April 24 and May 2. Similarly, when price makes an effort to exit the range, it's pulled back in, again on heavy volume.

This is not a "trading plan" per se but rather a combination of journal, business plan, and statement of intentions. The core of it -- at least as far as a trading plan is concerned -- is contained in the following sentences...

Neither. The accumulation took place during April and May.

Actually the situation was "created" by the victors in WWI who partitioned the Ottoman Empire at the end of the war with no regard for tribal affiliations. And if they and we hadn't been and continue to be so dependent on foreign oil, there would be little to attract anyone to the Middle East...

Psychology

Depends on what one is looking at. The NQ was up 22pts yesterday, then down 20, then up 18.

Nothing to do with randomness. Traders look for trades, but they need not do so randomly. They can just as well do so methodically. Sellers will raise the ask until buyers are no longer willing to pay. Buyers will withhold their bids until sellers are willing to lower their prices no further...

Depends on what one does with it. Price quotes are available to everyone, yet there's no lack of traders who insist on going short in an uptrending market and long in a down.