[b]OLD SCHOOL TRADERS rules and strategies (PIT also welcome)[/b]

I understand the sentiment about learning on your own and not making it too easy for someone starting out. However, it does not warrant being rude to someone nicely asking for advice.
 
mastertrader12,

anyone with positive thoughts/ideas are welcome here.
the thread is made not solely for my own purposes.

Krgds,
Andrew

Quote from mastertrader12:

I understand the sentiment about learning on your own and not making it too easy for someone starting out. However, it does not warrant being rude to someone nicely asking for advice.
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NoDoji,
I already searching for the book you've recommended, have you also heard about books of John Hills ?
Krgds,
Andrew

Quote from NoDoji:

Thank you very much for posting the scalping article.

I found Al Brooks' "Reading Price Charts Bar by Bar" to be the best technical trading book I've ever read. It's a tedious read because of the way it's laid out and written, but worth the effort.
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Quote from Andrewagain:

Do you know where it's possible to learn more about that ?
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The market itself represents the absolute best instructor for learning how to trade. However, older threads on ET can also provide guidance (or even, provide answers to your questions - as posted by others who travelled the same path as you in previous years). Again, observe the market, then apply what you have learned onto any market or any time frame.

Profitable trading results from the process of acquiring a differentiated mind - knowing the difference between what you believe you see, and that which the market has actually provided.

- Spydertrader
 
Spydertrader,
Thank you.
I've started that thread because during search of ET didn't find any structured info on the theme. However I continue to search and read ET, but that info often posted in threads under different names and small parts available almost everywhere.
I know that I'm not the first :)
Slight problem is that now with futures being read and analyzed a lot of different info have almost mess in my head and sometimes due to that do not see quite obvious info.
At the same time watching charts I've got the impression that markets is not quite chaotic and there is certain structure and consequences.
I've noted that there are some important levels within which market often choppy or when breaking out them become trendy.
Say, for example, intraday high, if price closes above that often it goes further above that.
Sometimes price just goes above any intraday high, but I just don't now level to which price goes, however certainly price not goes up just for fun and anywhere up, just to certain level.
I'm trying now to figure out something with intraday highs/lows now.
If that wrong idea, lease don't hesitate to tell that.
Also I've noted that Pit session open often meaningful level in intraday.
I would like to see not what I'm thinking, but what exactly is, but now it's quite difficult as I need to understand better market mechanism, i.e. I should know the reasons why market goes up or down, why choppy and see when it changes it's mood.
Once I will see that, I will see also more of important levels and what to do in each particular moment of the market.
Your any further advices or comments of my ideas (I post them here) are welcome.
I think the main problem now is that I look on market "by wrong eyes", whereas those who drives and understand market has different look.

Krgds,
Andrew






Quote from Spydertrader:

The market itself represents the absolute best instructor for learning how to trade. However, older threads on ET can also provide guidance (or even, provide answers to your questions - as posted by others who travelled the same path as you in previous years). Again, observe the market, then apply what you have learned onto any market or any time frame.

Profitable trading results from the process of acquiring a differentiated mind - knowing the difference between what you believe you see, and that which the market has actually provided.

- Spydertrader
More...
 
Quote from Spydertrader:

The market itself represents the absolute best instructor for learning how to trade. However, older threads on ET can also provide guidance (or even, provide answers to your questions - as posted by others who travelled the same path as you in previous years). Again, observe the market, then apply what you have learned onto any market or any time frame.

Profitable trading results from the process of acquiring a differentiated mind - knowing the difference between what you believe you see, and that which the market has actually provided.

- Spydertrader
More...

Or, Andrew, read all of the member's posts from ScottD. That's the only location that summarizes everything without voluminous banter and psychobabble.
 
Quote from Andrewagain:

Slight problem is that now with futures being read and analyzed a lot of different info have almost mess in my head and sometimes due to that do not see quite obvious info.
More...

Start by focusing on the futures markets between the hours of 8:30 AM and 3:15 PM (Chicago Time). Stick with one market (for now), and after you have learned to 'see' that which the market has provided, apply that which you have learned onto any market you choose. Use an ES 5 minute chart (with Price and Volume only) to learn. This discussion might provide you some additional guidance.

Good journey to you.

- Spydertrader
 
Quote from Spydertrader:

Start by focusing on the futures markets between the hours of 8:30 AM and 3:15 PM (Chicago Time). Stick with one market (for now), and after you have learned to 'see' that which the market has provided, apply that which you have learned onto any market you choose. Use an ES 5 minute chart (with Price and Volume only) to learn. This discussion might provide you some additional guidance.

Good journey to you.

- Spydertrader
More...

Before going through this BS, Andrew, look at my thread on my discussion of Cash Cow from BWolinsky as converted by Scottd into WL5 code. That's the only location of links to real-time testing of Jack Hershey's methods, so I thought I'd just save you the trouble of deciphering rants and years of unproductive, false claims on performance, perpetuated as you see here by SpyderTrader and Jack Hershey.
 
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