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Its cheap and easy to start doing.

Patience is a big part of it, but knowing what direction to focus on is a big part as well. trading with the trend increases you probabilities and potential reward

It's not for everyone though. It takes more passion than you would believe.

I've blown out 4-5 accounts in the learning process. The key is to start small and stay small until you become consistent. That way by the time you get good you haven't put yourself in such a deep hole you can't get out. It was worth it though. I've spent more than 10k hours(5 years) and have...

exactly! Couldn't have said it better myself. It can really burn you out by the end of the learning curve. But once you have it down and understand how the markets operate it becomes as easy or complex as you want to make it.

Do half and half. Move half to b/e and half keep your original stop. Then find out which half does better. You won't know and we can't tell you until you get these stats.

Excellent to know. Keep that in mind for how this moves. Failure of that trend sends it soaring

whammy! Nice one :)

lol don't even have to wait till page two to get the answer. You mean know what they're going to do before they do it? You mean hop on the train instead of stand in front of it??

yup, shorted some off the 15 min TL

Great trade Cornix. Keep it up! Tricky to get direction here now. Any ideas? L-T pattern is up, so I guess we wait for that breakout if it comes. :) A little worried about that weekly candle getting taken out though.

Post of mine from almost 2 years ago from the moon thread. It was that thread that opened my eyes to market timing and various cycles. Astrology was always my favorite (probably because of the huge disdain for it :p ) . I always enjoyed this quote from JP Morgan. "Millionaires don't...

That's a great question. I have nothing to back up astrology. :) That's why i'm here. However, I'm near certain that if there is an edge (which I believe there is) I can use it to compliment my trading strategy. My goal is to pick turning points and the more confluence I have, the more...

Good, someone needs to light a fire under their rumps. Regulation needs a complete rework.

This isn't my strategy. I can't answer your question! Explain what you want and how you want it done. In fact, why don't you go do it and get back to us? You'd be doing yourself and everyone else in this thread one huge favor. We would greatly appreciate it. You want me to prove...

Is that where your posting from? I didn't know wireless could go through those padded walls.

lol couldn't be more true. But at the same time, what's a trend and how do you extract a profit from it. NoDoji took the easy way out and said always expect continuation. That advice is good but you don't learn too much from it and it's going to be real hard to stick to it after you first...

this thread eventually will. Just calm down and relax. I'm not going to sit here and have a debate. Why don't you just keep an open mind. Nothing works by itself. You need risk management. Plain and simple you're making unfair assumption....that astrology needs to be used in isolation.

that's huge. What software do you use if you don't mind me asking. That's been an essential tool of a lot of guys. :)

Idk, seems like a mixed bag. Yeah it sounds so easy. If only that were the case.