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if there is a lot transacted at any given price, that means VALUE, not shaking out weak hands. That is also called "high volume area/node", that means ACCEPTANCE. Markets move from UNFAIR price to FAIR (=VALUE) price. But that is a general statement. Ultimately, to any given trader it is...

IMO this is incorrect. Market neither seeks volume nor price, it seeks VALUE. When it finds value it stays there. It may trade there a lot but not necessarily. Volume is often hidden and can be misleading (you never know if it is hedged in some other markets). The problem is that there are...

Thank you and yes I will trade my own thing. There are many professional traders (to be clear: I don't call myself one) that trade exactly that, the noise. I have been in the markets long enough to see that "noise". Perhaps you call it something else, but it is what it is. Perhaps you have the...

when someone contradicts you by ultimately using the same point you made earlier then call it whatever you want just to be clear, (you) as someone that is fond of Volman or Brooks and recommends these authors left and right, I don't expect you to agree with me

I happened to trade on the "noise". I'm not interested what you believe in. I didn't said that someone's methodology is worthless. Read carefully then think. I said any book with methodology is worthless (at least that part of the book). If you agree that books are meant for the readers, then...

I used very simple example so you could understand that in trading world, BY DEFINITION, there must be losers otherwise there would be no winners. Since you failed to grasp my message, I do not even expect that you understand one step further, that a person that failed at trading is not a...

Pretty much any book that presents you a "methodology" is worthless, at least that part of the book. Brooks' 3 part book is excellent as long as you read the paragraphs that are not related to his methodology. Unfortunately these are scattered throughout entire 3 books. Volman's...

You are totally missing the point of OP's post. It is not about benefits of being a trader or whether trading can be profitable for some. It is a zero (negative) sum game so by definition there will be losing traders no matter how hard they work at it. Do you realize that by taking i.e. 100 best...

As Mark Fisher said during his seminars (in regards to how Larry had turned 10k into 1mil), Larry probably opened 30 accounts, wiped out 29 of them while managed to get 1 (by luck) to 1mil, so there are his bragging rights. When reading one of Larry's book, what hit me was his statement that he...

I don't use BBs nor any of that "stuff" but with that being said allow me to make these points: 1. Do you realize that BB show market contractions and expansions? That means you would have to be looking at 1H (at the very minimum) or higher timeframe to get something meaningful like market...

why would you need bar numbers to comment? as far as the volume, look at the instrument being traded.

For what it is worth, I read the article a while ago, but as far as I remember it was about a diminished role of Cushing as price setter. Or in other words: don't worry about storage levels or flows in/out of Cushing. Look for clues elsewhere.

on that topic, a very recent article: https://www.reuters.com/article/us-usa-oil-record-cushing-analysis/cushings-oil-market-clout-wanes-amid-u-s-export-boom-idUSKBN1HI0GE

Judging by your reply, I'm not sure if you read the book.

After many years of trading, I'm afraid you are confusing what is "preferred" from what it "should be" or what it really "takes" to really learn. "Preferably" trader learns during the training period (paper), he/she "should" make only small losses trading markets but unfortunately, in most...

Frankly I don't understand what cheating or boogie man you are talking about. I have never said anything about taking big prop plays. And when you talk about that personal knowledge are you referring specifically to fx market making or something else. Why you keep bringing Volcker, Dodd Frank...

Look, I'm not trying to big a dick as I have already said your post was great (except that last part). But other than the headline of this podcast you referenced, everything in it contradicts your points regarding "bubble" and commodities, as it was a lot fundamental driven. I urge you to...

Look, I'm not trying to be a dick, but in your post (that I quoted) it was pretty much clear what your point was and I just corrected that misinformation. Your point and analogy is wrong. I have no idea to whom IB is making markets. But these big fx market makers (listed earlier in the thread)...

One of the best descriptions I read in a while. Although I wouldn't be so sure about that last part. You might have forgot about China and their amassment of commodities. You might have forgot about Western led taking down of Gaddafi (for oil). And most importantly you might have forgot about...

I'm not going to be an advocate of Keto diet. I tried it once and lasted about a month or so, I could stand it and I couldn't lift wights while on it. It is hard to sustain this diet knowing how many great food items you have to skip (i.e. most fruits) But this diet does make a lot of sense...