Why do people use Volume, Range and Tic charts?

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Quote from ProfLogic:

Do you ever quote anyone accurately?

I have stated repeatedly that I used to watch over 60 markets but in the last 4 months backed that down to 44. The average trader should monitor around 7 to 10 markets each day and pick the best trade set ups from that mix. I personally recommend; eMini DOW, Electronic US Bonds, eMini Crude, eMini GOLD, eCorn, eWheat & eSoybeans, Euro FX, eMini S&P & the QQQ in that order. This gives a trader the best opportunities to pick the trades with the least risk and best opportunity for maximum profit. This also gives a trader the ability to limit stress and exercise sound money management.
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makes sense.

however--

"i seem to recall" is not quoting someone, sorry.

also

you really are old school--- QQQ's haven't existed for some time.



:D
 
Quote from marketsurfer:

makes sense.

however--

you really are old school--- QQQ's haven't existed for some time.



:D
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Really, I must be watching Sci-Fi TV because it's (QQQQ NASDAQ 100 Trust) is being traded right now. Careful surf, remember you didn't even know how the US/EURO pair was traded a few months ago by your own admission.
 
You guys! :p

Don't mind Surf, Prof Logic, he's just feeling cocky because his last trade is finally making money for 'em ... so that means he only has 11 LOSERS in a row! :eek: :confused: :D :D :D

JJ
 
Quote from ProfLogic:

Really, I must be watching Sci-Fi TV because it's (QQQQ NASDAQ 100 Trust) is being traded right now. Careful surf, remember you didn't even know how the US/EURO pair was traded a few months ago by your own admission.
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yeah, you finally got it ---its the QQQQ, QQQ doesnt exist.


correct, there are markets that i don't understand and im constantly learning--that's why i like this game.

surf
 
Quote from marketsurfer:

yeah, you finally got it ---its the QQQQ, QQQ doesnt exist.


correct, there are markets that i don't understand and im constantly learning--that's why i like this game.

surf
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You got that right . . . the makets are what you don't undestand!
 
Quote from K-Rock:

Proflogic,

I have been following one of your student's blog for over six months, unfortunately he is not doing too well with your method::(


http://futures-trading.blogspot.com/

I hope you help the guy get profitable.
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Hi K-Rock,

wow...didn't know I was being scrutinized!
Anyway, I must thank you for "faithfully" reading my blog, for the last 6 mths. Didn't know that you were such a staunch follower...:D Was wondering why my blog had such a high hit rate yesterday. I must thank you for the link posted......:cool:

In any case, my personal experience in trading the US market, is that it is extremely tiring. After a hard day's work, one should be settling down to a relaxed mode, and not to "rev up" the engine...again. During daylight savings, the US markets effectively start at 9:30pm over here in Singapore & one hour later at 10:30pm, during the other times of the year.
I noticed that quite a few of my trades (upon analysis) were made out of mis-reading PRICE action. I spoke to another trader friend (using the same method) just the other day, and he also cited making mistakes in some of his trades as well. He too, put it down to being tired. Of course, being tired is not just the only reason for not doing well. There is impatience, not sticking to the trading plan, fear, etc...

I see myself as an Apprentice. Correcting the mistakes I make along the way, taking control of my emotions & perfecting & honing my skills at the same time. I don't see trading as a destination, but more of a journey.

At the end of the day, my honest opinion is that what I've learnt from the Prof works. The beauty of it, is in its simplicity...
 
Quote from ProfLogic:

James is a great guy with a wonderful family but has fallen into the same rut as most by limiting himself to trading a single chopping intraday market. I teach a "Buffet" mentality when trading where you pick the best trade set up from a variety of markets such as the block of eMini's. Or trading from a set of intraday AND Swing charts. One can never force trades in a single market due to desperation. It doesn't work. I am always available to assist all of my students but if they do not ask for a hand I can not offer it.
K-Rock, I appreciate the heads up and the hand was extended. Now I hope he grabs on.
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Thx Prof, but from day one, when I was first introduced to selling Life Insurance at the age of 22, by my manager (my brother), I only had one thing in mind & that was to learn the ropes of being a Life Insurance Agent...myself. Fresh out of National Service (Mandatory Service in the Armed Forces), I had ZERO natural market to tap on. He too, extended his hand of help to me, but I was just too stubborn to accept it. I was more keen to bash though every conceivable obstacle, on my own. No hand holding.
After 18 years in this line, I pride myself as being an expert in cold calling, in my field.

As I mentioned to you in our correspondence, I fully understand your method. It's the obstacles that I place in front of myself, that I have to grapple & take control of.

Honestly, I do not foresee myself ever changing this mentality of mine. It has always been in me, to try to achieve things, solely on my own accord...I needed the basics to trade, and you, provided me with that, through your generousity. And I thank you for it.

From here on, it will be my journey, my frustrations, my fights, and one day, my success...
 
Quote from gerimegaly:

Thx Prof, but from day one, when I was first introduced to selling Life Insurance at the age of 22, by my manager (my brother), I only had one thing in mind & that was to learn the ropes of being a Life Insurance Agent...myself. Fresh out of National Service (Mandatory Service in the Armed Forces), I had ZERO natural market to tap on. He too, extended his hand of help to me, but I was just too stubborn to accept it. I was more keen to bash though every conceivable obstacle, on my own. No hand holding.
After 18 years in this line, I pride myself as being an expert in cold calling, in my field.

As I mentioned to you in our correspondence, I fully understand your method. It's the obstacles that I place in front of myself, that I have to grapple & take control of.

Honestly, I do not foresee myself ever changing this mentality of mine. It has always been in me, to try to achieve things, solely on my own accord...I needed the basics to trade, and you, provided me with that, through your generousity. And I thank you for it.

From here on, it will be my journey, my frustrations, my fights, and one day, my success...
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You have a great intelligence and personality. Add to that a marvelous family and others could only hope to achieve that balance. Good Luck!
 
I understand exactly what you mean, because I'm a trailblazer too. Enjoy the journey and happy trading!!!:)

Quote from gerimegaly:

Thx Prof, but from day one, when I was first introduced to selling Life Insurance at the age of 22, by my manager (my brother), I only had one thing in mind & that was to learn the ropes of being a Life Insurance Agent...myself. Fresh out of National Service (Mandatory Service in the Armed Forces), I had ZERO natural market to tap on. He too, extended his hand of help to me, but I was just too stubborn to accept it. I was more keen to bash though every conceivable obstacle, on my own. No hand holding.
After 18 years in this line, I pride myself as being an expert in cold calling, in my field.

As I mentioned to you in our correspondence, I fully understand your method. It's the obstacles that I place in front of myself, that I have to grapple & take control of.

Honestly, I do not foresee myself ever changing this mentality of mine. It has always been in me, to try to achieve things, solely on my own accord...I needed the basics to trade, and you, provided me with that, through your generousity. And I thank you for it.

From here on, it will be my journey, my frustrations, my fights, and one day, my success...
More...
 
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