Quote from Arthur Deco:
Tell me one single thing Jack ever said about trading that is true. Then I will match it with another. Let ET be the judge. It will be a short contest.
"Anther thing that is important in a trend is knowing that a trend has three moves. As important as anything is always knowing where you are in market cycles on any fractal level.
A person who knows how fractals nest also has an advantage."
Extracted from a very informative set of posts starting with the 02-23-10 11:17 AM post (sadly you have to weed through all the useless responses from others):
http://www.elitetrader.com/vb/showthread.php?s=&threadid=191742&perpage=10&pagenumber=10
Nested fractals is one of the gems that moved me to a new level in trading. Coincidentally, another trader here shared very similar information with me in a different way.
I look for information that improves my trading. If the information helps me become a more profitable trader, why should I care whom or what the author/educator owns, owes, eats, prays to, or has sex with?
Why should I even care if the author/educator can personally trade or has ever traded? I've read in more than one trading book of people who can analyze and predict market movement with uncanny precision, but fail as traders. The psychology of trading is a whole different matter.
I have gotten a wealth of information from bighog, Al Brooks, Alan Farley, Jack Hershey, and Redneck Trader. I know little or nothing about their personal lives or how much money they have. I have no way of knowing if they actually trade or not (live or simulated), because I've never witnessed any of them trade, or call a trade in real-time, or post a trading blotter, or even post a screen shot of their P/L. But the information they've provided has been very valuable to me and I doubt I'd be able to produce profits on a consistent basis so early in my day trading career without them.
P.S. - I'm getting very attached to the name Tonbo.
