Old Possum's Book of Practical Charts
- Thread starter John Merchant
- Start date
The old ET had a sense of humor and a literary bent. The surest way to be run off now is to make references which suggest that trading is anything other than a "hard" science, a serious avocation for sobersided quants. Heaven forfend that one should point out trading's gutter aspects, or the deep psychological malaise which infects most casual retail traders. Merchant's codes seek out those dark places where the flensers do their dirty work.
Equalizer. Extraordinarily witty! The inebriated mathematician's motto! My sentiments exactly. My own trading is better when I relieve the anxiety with bubbly.
To all those who enjoy wasting their precious time reading this thread, I offer up these two trades. YES, they were small, but they WERE winners. Think of them as Jack "washes" (the only guy here who makes money on LOSING trades!).
My excuse is that I am doing real-time code development, which perforce must be done when volume is running and price is frisky. Hence these little pissant trades when the code wasn't being stressed. Truth to tell, I flat got bored and traded imaginary moves. Mike.
To all those who enjoy wasting their precious time reading this thread, I offer up these two trades. YES, they were small, but they WERE winners. Think of them as Jack "washes" (the only guy here who makes money on LOSING trades!).
My excuse is that I am doing real-time code development, which perforce must be done when volume is running and price is frisky. Hence these little pissant trades when the code wasn't being stressed. Truth to tell, I flat got bored and traded imaginary moves. Mike.
I know Jack could have done sooooo much better with these entries and exits, but, then, HE doesn't POST his trades, DOES he, hahahaha!
If I were not so intent on gigging him, I wouldn't embarrass myself by posting these pitiably piteous little trades.
If I were not so intent on gigging him, I wouldn't embarrass myself by posting these pitiably piteous little trades.
If you don't believe in price manipulation, take a gander at the attachment, all times Pacific. Oil made a dramatic move after the 7:30 PT inventory report. Did NQ move? Nooooooo. Not until 7:43 PT. The basis for a nice trade.
The trade. Easy money.
Thanks for replying to a lonely old man, the loneliest here after Jack. But no, I'd rather be in the bottom ten ("Better to be a prince in Hell than a slave in Heaven"). The scathing responses I receive from my posts under various guises reaffirm my faith that the average ETer is taking the other side of my trades. Trade well!
And if you want to see an example of the stupidity (or cupidity) of the media re oil prices, read this:
http://biz.yahoo.com/ap/050803/oil_prices.html?.v=14
Oil clearly goes down on the inventory report, but we have "supply fears". Hahahaha!
http://biz.yahoo.com/ap/050803/oil_prices.html?.v=14
Oil clearly goes down on the inventory report, but we have "supply fears". Hahahaha!