CL Redux

I've been a big fan of Mark Douglas the author of Trading in the Zone and The Disciplined Trader ever since I first heard him keynote a traders convention in Las Vegas right before Trading in the Zone was published. As I recall, at the time, he was selling copies of the book in boxes of loose sheets directly from his office. :) And I just received an email from the TradersLog website with a link to an interview with him that looks like it's just under an hour. Haven't listened to it yet, but wanted to share it. Have a great weekend everyone.

http://www.traderslog.com/mark-douglas-video-interview/
 
You're welcome guys. :) Hope you're enjoying your weekend.

Thanks for the charts Kid. :)

Couldn't help but chuckle when I looked at the chart for TF yesterday at the very end of the trading session at 3 PM PST. We've been talking about trends and counter-trends and trading them. I was trying to determine what the trend was for TF yesterday (he said facetiously). :)
attachment.php
 

Attachments

BTW, don't know if any of you caught the Steve Nison webinar on NinjaTraders site that I brought up the other day. If not you didn't miss much. I forgot that a lot of Steve's "seminars" are big time sales spiels. He's really out there to hawk his stuff. :) He has a real-time add on to NnjaTrader that points out different candelstick patterns for you. But I'm not sure how fast it is to point them out. Analyzing patterns after the fact by looking at charts wouldn't require any add on. And it was rather expensive - around $1200.

But there were a few useful things mixed in. He was talking about engulfing bull and bear patterns as signs of reversals. Basic stuff but important. http://candlestickforum.com/PPF/Parameters/12_61_/candlestick.asp And he was predicting the S&P would top out at 1420. As I recall his market calls were never that accurate though. But he did contribute a lot over the years by making all this more accessible. And for that we thank him.
 
Quote from BCE:

he was predicting the S&P would top out at 1420. As I recall his market calls were never that accurate though. But he did contribute a lot over the years by making all this more accessible. And for that we thank him.
More...

I'm also looking at that level as a target. Market top? don't know, but I'd be looking for a good sized pull back.
 
Quote from BCE:

BTW, don't know if any of you caught the Steve Nison webinar on NinjaTraders site that I brought up the other day. If not you didn't miss much. I forgot that a lot of Steve's "seminars" are big time sales spiels.
More...

Steve's best work are his books when he was trying to educate people on what he learned - there was no other objective at that point.

If you want to learn candles, get these 2 books:

http://amzn.to/gC5JtH
http://amzn.to/hqvVyO

That's all you need to learn how candles operate. I will warn anyone looking at them though that the lower the timeframe on the chart you go, the less reliable the candlestick by itself - you want other confirmations to go along with the candle IMO. Playing find-a-shape is a quick way to empty your account.

I really enjoyed Steve's earlier work and then at some point he realized you can't make much just selling a couple books. Now he will pimp any product, including many shady characters that give Steve a referral fee for spamming his email list.
 
Quote from BCE:

I've been a big fan of Mark Douglas the author of Trading in the Zone and The Disciplined Trader ever since I first heard him keynote a traders convention in Las Vegas right before Trading in the Zone was published. As I recall, at the time, he was selling copies of the book in boxes of loose sheets directly from his office. :) And I just received an email from the TradersLog website with a link to an interview with him that looks like it's just under an hour. Haven't listened to it yet, but wanted to share it. Have a great weekend everyone.

http://www.traderslog.com/mark-douglas-video-interview/
More...

Many thanks for the link. Excellent interview. I bought his 1st book the same year in which it was published. I have to admit, I found it quite hard going then. I haven't read it since, but will see if I can dig it up and reread it.
 
Quote from EON Kid:

I'm also looking at that level as a target. Market top? don't know, but I'd be looking for a good sized pull back.
More...
Agree about the pullback. Been going up and up and up. Haven't looked at that level yet.
 
You must log in or register to reply here.
Back
Top