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It seems you might be thinking I am saying stick to the charts. Just to be sure, I am not. What I am saying is that after you have selected the candidates with your fundies criteria you should then look at the charts to see if they look good there also. Of course, your idea might be to exclude...

Investors Business Daily says this about that....... regardless of how good the fundamentals are, before you enter the market, check the charts. With this I completely agree. Btw, that was funny about the ES trading system. :D Hey have you done any backtesting on that? :D:D

Both can be concurrently true.

Whether it is a symmetric or an ascending triangle, they are continuation patterns. Even better, the boundaries are clear.

Jake Bernstein described this also.

Thanks Walter, I can do that.

Just for kicks, the next time you get a signal, are you able to tell where to draw the trendline in advance, or does the pattern complete itself after the predicted event occurs, and from there we can trade it? Thanks.

But the rest are TRUE ???????? Yikes!!! :eek:

LOL :D

This statement and a book by Edwards and Magee is all you need. Very nice easy'.

Not all, but a lot. Being "on topic" must be important... at least to the Barron's reporter. I bet to many others also. It is to me.

There is no doubt that yesterday was a narrow range day. A cursory look at the daily chart tells you that. One can gain confidence from looking at the chart without doing detailed studies of positive expectancy and see narrow range days precede wider range days, many of which are nice long trend...

The story on CBSMarketwatch is about our elected reps being very upset about this. Terrorism represents loss of innocent life to us. So making money from the sufferings of others is a bit hard to take. I can see how there might be a reasonable use to hedge with these contracts though. Not...

Excellent 'pete. I know you have seen the number of posts that confess to over-trading, or trading when the setups weren't clean and doing nothing but building losses. Good for you man! Nice discipline.

Disagree. A caveat to paper trading, as the esteemed nitro once said, is focus. You simply do not focus the same paper trading as you do real time. Along with that is the emotional aspect that accompanies real time trading that every trader must learn to endure, even those that say they have...

Interesting... instead of a basket of stocks, it is a basket of commodities.... I would imagine oil and gold will be a central issue. Is there a market for sand.... 'cause there sure is a lot of sand over there? A CBSMarketwatch article is on the same is there now.

And I am at home where my chat mode doesn't work. Zentrader you are one member definitely worth listening to. Newbies, oldbies, anybies, if zen' is offering don't miss the opportunity.

Take the time to get used to TWS with the demo mode, and you won't think the way you do now. Get it set up just the way you want, set up some hotkeys, etc. It is worth it.

Agreed. My dad calls it "staying power." He learned it from John Galbraith of horse-breeding fame. I call it the trader's worst nemesis: under-capitalization.

Neither did most of them.... but they had desire and perseverence, and no doubt a good dose of common sense and intelligence too. The things you mentioned can be given to you.