Secrets of Traders
- Thread starter daytrade5
- Start date
Secret #1:- Would this be a reference to Open in relation to previous Close's Value Area/Range from 'Mind over Markets' by Dalton et al? In which case surely one needs at least one time period (i.e. 30 minutes) to evaluate it (and not 2 minutes as you state), or is it a reference to Open/Drive Open/Test Drive etc from the same book? If this is the case I notice reference on your site to '4 types of day' - what happened to the other 2???
Secret #2:- I would imagine you are talking about standard pivots, S/R, perhaps with previous high/low, and a coupla fibbo's thrown in, with a methodology of observing the market and seeing where it creates new S/R during the day (quite often whole numbers etc etc).
Secret #3:- Is this the rejection into the Value Area technique from 'Mind Over Markets'? If so, the authors specifically warn against 'blindly' following it...
Secret #4:- Is this the 'single frame' (or 'Other time frame') analysis technique of determining if a trend is underway from 'Mind Over Markets' ? (again?).
Secret #5:- No idea what this could be, could be ANY pattern - Leaping Engulfments? Dojis?
Secret #6:- would this be by any chance the 'Inside Day' or 'NR4' day method by Crabel et al?
Secret #7:- sensible advice re not getting rich quick overnight...always useful
Secret #8:- Sounds like the usual 'how to deal with the setback' info popularised by MArtin Cole, Douglas etc - probably the MOST important info any trader can digest, IMHO.
Secret #9:- Mentoring?
Secret #2:- I would imagine you are talking about standard pivots, S/R, perhaps with previous high/low, and a coupla fibbo's thrown in, with a methodology of observing the market and seeing where it creates new S/R during the day (quite often whole numbers etc etc).
Secret #3:- Is this the rejection into the Value Area technique from 'Mind Over Markets'? If so, the authors specifically warn against 'blindly' following it...
Secret #4:- Is this the 'single frame' (or 'Other time frame') analysis technique of determining if a trend is underway from 'Mind Over Markets' ? (again?).
Secret #5:- No idea what this could be, could be ANY pattern - Leaping Engulfments? Dojis?
Secret #6:- would this be by any chance the 'Inside Day' or 'NR4' day method by Crabel et al?
Secret #7:- sensible advice re not getting rich quick overnight...always useful
Secret #8:- Sounds like the usual 'how to deal with the setback' info popularised by MArtin Cole, Douglas etc - probably the MOST important info any trader can digest, IMHO.
Secret #9:- Mentoring?
Having seen a previous post at ET, I studied their website quite a bit, downloaded some things and looked at them, and also spoke with someone there on the phone.
Still undecided, I spent some time with the folks they had at the recent Online Trading Expo in NYC. This last experience took away any desire to pursue this. The answers I received were so short-sighted and one-sided, their opposition to any type of decision support software so unwarranted, and, imo, their knowledge about trading so limited and skewed, that I was surprised. Based on this final experience, I thought that there was nothing there for me to learn.
I consider myself to be fairly open-minded and love experimenting with innovative approaches to trading. Also, I have often complained here that some members of ET are too quick to express negativity and have always refrained from doing so. However, although I have tried my best (short of buying it,) many things about this secrets of traders thing have told me to look elsewhere. Oh well, I must be getting old
Still undecided, I spent some time with the folks they had at the recent Online Trading Expo in NYC. This last experience took away any desire to pursue this. The answers I received were so short-sighted and one-sided, their opposition to any type of decision support software so unwarranted, and, imo, their knowledge about trading so limited and skewed, that I was surprised. Based on this final experience, I thought that there was nothing there for me to learn.
I consider myself to be fairly open-minded and love experimenting with innovative approaches to trading. Also, I have often complained here that some members of ET are too quick to express negativity and have always refrained from doing so. However, although I have tried my best (short of buying it,) many things about this secrets of traders thing have told me to look elsewhere. Oh well, I must be getting old