The M.I.N.D Game

Quote from Imagine:

Fibonacci Ratios mean absolutely nothing in trading, and what you see, when a price hits one of these numbers, is nothing more than the natural movement of price over time, and, the fact that you have placed a FR line in its path, is just a coincidence
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While the above statement may be true, there are a lot of traders who use those meaningless fib retracements to make a ton of dough.

JJ
 

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Quote from JJ2:

While the above statement may be true, there are a lot of traders who use those meaningless fib retracements to make a ton of dough.

JJ
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You think so jj !

Maybe it was just another 18 pt swing, and the 38.2% line that you show just happens to be close to it :)

I take it you know how to count ?

You laughed at me yesterday when I told you I was not trading, but I have closed out some of my positions this morning, real early, when most of you were probably in bed, dreaming about spreadbetting !

Are you sure it is not spread bakers you are talking about ?

PS: The bars on that chart do not look right and better to remove that setting, it will only throw you off !

Your welcome.
 
Quote from Optionpro007:

If you wish to save time, under your account, edit options, one can specify how many posts are to be included per page. The maximum is 40. This thread is 8 pages long seeing it this way.

:)

btw, Mr. elite34 style is starting to remind me about other threads in which lack of focus becomes evident and the essence of the discussion is "lost in translation". On purpose or not, time is of the essence in every encounter. Thanks.
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It is not my fault !
 
Quote from Imagine:

Summary of lessons thus far: cut and paste from the posts - up to and including page 50

Making money has nothing to do with volume or picking direction. Remember, no matter who, you with your volume readings, me with my spiggots, as soon as we get filled, the price can tick any way, and no matter how hard we try to convince ourselves, this is the hard and real fact about trading.

Comment - we are starting out with order flow to understand why the above is true????? From the sixth row - it seems the opposite.

M.I.N .D. stands for Mastering Intuition Not Decision - is one of the most fundamental pre-requisites to profitable trading. it is not as simple as using T&Sales to gauge market momentum shifts

4WH is a simple method used for filtering out rubbish information

4WH is What, When, Where, Why and How

The GENERALS control the majority of liquidity that flows in and out of the financial markets on a daily basis. The Generals are not one bit concerned with what they call, "riff raff", and this is not directed at your good self, just the way it is. What does bother them, is what goes on in their own camps

We need to understand ORDER FLOW to fully understand the stock market.

Comment - if i understand correctly - the GENERALS use ORDER FLOW to decide WHAT they trade?

The GENERALS that I am talking about leave footprints the size of an Elephants', and without a "profitable setup" these footprints will never be seen, and what is more, even if you showed the footprints to the majority of traders, they would not be able to see anything, as, to the majority, they are just some wild animal meandering about the jungle, but to the experienced hunter, the footprints mean big money

GENERALS accumulate over time and they are in no position to manipulate, it is the Market Makers and Specialists that manipulate.

ORDER FLOW is exactly what it says ! The Flow of the Orders
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Well all of this certainly is not new. All any of these Hedge Funds do is follow each other in a circle of whispers and so and so is buying into
so and so.... Then the newsletter writers follow those buys and etc. This is probably more correct in the Forex trading than stocks. A good researcher can always beat the Generals into a good stock I should know I've been doing it for 22 years! Volume of course is VERY important and those tick downs you speak of, if they are on low volume compared to the up tick... well shame on you for not knowing to stick with the original break out and buy more. How many nimrods parrot off order flow~! It's the oldest game in the book. Don't we all do it in some manner? heard so and so is up $1.70 in the pre on good news. By the time you research the story and agree it is significant news you look to buy and you see in the regular market it is only up 65 cents-- well, there can be your day trade your swing trade or your investment it depends on what you make of the stock and what your goals are with it. I'm not getting any kind of goal orientation out of this MIND system Mastering Intuition means nothing more than going with your gut. I've just had a bad experience with MIND I liked Adams Respiratory because I had some good info on competitors products about to be re labeled by the FDA and not sold over the counter any more>> the implications for ARTX's Musinex sales are huge had I used one part of the MIND system I would have owned the stock when it got a $30 premium the other day in a buy out! Because I greedily followed the Generals and ORDER FLOW that day into some momentum plays, I lost out. I made a little money on the Solar stock and missed the HUGE payout... Get it?

S T O N E D-

Self

Taught

Overly

Nuanced

Eager

Decisions

I N V E S T O R

In

New

Vectors

Ease

Strain

Towards

Order

Rectification

Now THAT's a system!~ stoney
 
Quote from elite34s:

Well pupils, it is that time to go and get prepared for the expected to happen to the un-expected.

I also have to finish off watching Mr Bean, so until tomorrow, I wish you all a safe journey home, and keep out of those sweet shops, they will only rot your teeth.
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As expected, a nifty fifty :)
 
Quote from elite34s:

Class Act

General C.U.S.T.A.R.D - elite34s

1. Slick Nick - Blowfish
2. Sneaky Nas - ??????
3. Couvert Ian - ??????
4. Charlie Bottle - ??????
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Still no takers ?

How about you jj, you seem to be able to color in charts, and No.2 might suit you ?
 
Quote from JJ2:

No seriously, good job.

You've put a lot of effort into summarizing something which I honstely belive is just some guy getting his jollies off in some internet forum (for certain personalities, this can be considered to be fun :p ), but for yours and whoever else wants to seriously learn something here, I hope not.

Jimmy Jam
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I respect your opinion really I do. We are all grown ups here, its Ok for me to decide for myself is it? If this pied piper leads the rats off to slaughter isn't that good for you? You need a constant supply of dumb money entering the markets right?

I find it kind of ironic that you clearly 'get your jollies' by destroying this thread. Come on you must have something that's much more entertaining in your life? Go do that - the reaper is getting ever closer to us all after all. would you like some fatuous comment to be your last?

Is this the only enjoyment you get from ET nowadays? Ya know I remember when you use to actually contribute, what went wrong man? Seriously its pretty sad to see. Have you pretty much given up? If this is all that's left at ET for you there are much better venues for a bit of Anarchy.

Oh, and for the love of whoever you hold dear, if you do stay, please, please try an up the ante a little. Challenge the guys ideas or at the very least come up with something vaguely amusing. The tirade of name calling quickly becomes excruciatingly boring.

This post is probably the most positive you have posted in a good while. Thanks.


“Great minds discuss ideas; Average minds discuss events; Small minds discuss people” - Eleanor Roosevelt
 
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