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and that would be the first mistake... and that would be the only mistake needed to set up failure... ...serial attacks... with premises, premises, premises...

Thanks. JEHS, No, it’s not “blasphemy”. I can see how MD’s (and others’) material can become trite to experienced traders. It's called the Apex Effect... However, I’ve noticed when I discount this level of trader development, somewhere I have confused ‘cognitive grasp’ with ‘deep mastery’… I observe same tendency in others too… It's not so apparent in the books, but MD's material simultaneously ranges from beginner material for beginners to master material for masters... Once a year, usually in March, I still go back and substitute his tapes for music during trading sessions and skim his books (whether I think I need to or not.) Doing this brings variable (and diminishing) returns. But invariably, I still get a fresh insight into some beliefs and / or biases and / or tendencies and sometimes new leverage for dealing with them... prevents the Apex Effect... btw someone mentioned "he writes and does not trade"… actually he does trade… trades selective fibs… akin to Pesavento’s style…

:haha: Forums The Painless Path to Endurance (Plus: Breville Winner and More) Wouldn't it be cool if all 100000 + TL members were profitable next year... Will be taking a longer almost three week holiday this year. I’ve been trading around the clock now for months and could use a break. (Will keep up with PM’s, especially silver, and that’s about it – closing out and shutting down almost everything else. Would love to see AG at 24 or lower, but also must be prepared for up move from present levels. ) May drop in because have dedicated a couple days to finalizing platform version upgrades… otherwise it’s family, slopes, kick’n ‘n sipp’n by the fire, etc… ...Long round about way of saying if I don’t ‘see’ you for a while Wishing wonderful holidays to all of you.

Hopefully this won’t pull this great thread off track with pro FX and con FX talk, but it is worth mentioning that if a forex broker’s quotes gets very far away from the banks’ quotes, there are automated triggers in place that will tear him a small new one. Yes you could look at two retail brokers at the same time and see different prices quoted but the diff is only significant at all in fast extrema… ie it’s not a reason to stay away from forex. Fx is best suited for longer holding time positions in the mid thickness pairs where there is ANY possibility at all that you would have to roll the futures. It has potential benefits very carefully long the high yield pairs short the low yield pairs. FX can be used intraday too. ... if you need real dom and real volume to complete your representations of the auctions, then you do have a valid reason to stay away from forex…

Do or die, +1 for diverging instead of confirmed divergence – regardless of between what measures the diverge is occurring. In all my years, I've heard very little comment (or posts) re the concept of diverging. I admire your perspectives... Rationally, fully formed divergences look safer. In real life, they aren’t. In the limited market conditions where I utilize diverg., the tested odds of payoff are better for my diverging setups than they are for fully formed divergences – even if I’m using a very short right strength on the pivots. So now in all mkt conditions where diverg is utilized, I go ahead and start building the position using diverging instead of divergence … tactical fitness… btw, using diverging as we speak real time, just starting to cover some of the EUR shorts I put on last week (fwiw, it will probably be 24+ hours before the positions are fully unwound though...) Do you use classical pivots for all but the current swing or does your method for measuring diverging not use pivots at all? Thanks.

Progress Report: (still) Implementing Session 2 – mindfulness work ;)Part of this course was supposed to be about “managing” fear. :haha:Well, I’m terrified and overwhelmed by the absolutely massive quantity of habitual mindless adapted voice activity that passes for ‘normal, adaptive living’ inside this particular unit. All the reactive contents to the ‘adapted voices’ are also archetypal. Not sure how important it is to chase them back down the rabbit hole to find out for sure which ‘archetype’ it is if it’s not immediately identified upon its occurence. ????? … and I don’t know for sure, but it seems to me the most important ground to come from does not place a negative or positive valuation on content or its accompanying emotional component.

Test drive a free OANDA demo account An assessment of the risks: ''In the councils of government, we must guard against the acquisition of unwarranted influence, whether sought or unsought, by the military-industrial complex. The potential for the disastrous rise of misplaced power exists and will persist. We must never let the weight of this combination endanger our liberties or democratic processes. We should take nothing for granted. Only an alert and knowledgeable citizenry can compel the proper meshing of the huge industrial and military machinery of defense with our peaceful methods and goals, so that security and liberty may prosper together.'' - Dwight Eisenhower The outcome: Graphic: Mapping a superpower-sized military - BlackListedNews.com “We truly are The Great Satan, and as brainwashed as any commie we used to fight. “ an astute commenter The consequences: …will not be pretty

This post is sponsored by your fellow traders ( and just to be diabolical, it is actually related to trading… unlike 99% of the other posts in this thread…) Two Bullets and Baron Rothschild | Richard Mills | Safehaven.com

Yes her allegations are probably groundless because she is a stupid cattle farmer clinging to her guns and bibles. Could you please refer us to another analysis of the CME's role, etc. where the source doesn't cloud the issues with ideology ? Thanks.

way back when - before the talking heads co-opted it and it became Bull - what did it really mean in the banks when the desks got the edict risk on or risk off ???

Aston, Preface: For real life, though, you said it just right with The simplest, non-adaptive start I can give you [pseudocode] inputs: … nSdevLen(200), … nBrktMlt1(.6), { manually tweak this input and your value1’s length parameter to get goldilock’s settings } … // also add a flatColor(neutralcolor) input... ; vars: … degree(0), sdev(0), colorThreshold(0), … ; ////////////////// {Color criteria} degree = absvalue(arctangent(nlAvg- nlAvg[1])); sdev = stddev(degree, sdevLen); colorThreshold = sdev * nBrktMlt1; { notes: > [2] changed to [1] throughout this example - why wait? . > nlAvg equivalent to your Value1… } if (degree <= colorThreshold) then begin SetPlotColor(1, flatColor); end else begin if (nlAvg > nlAvg [1]) then SetPlotColor(1, upColor) else SetPlotColor(1, dnColor; end; // if (degree > colorThreshold) /// This concept could also be modified to keep the dnColour during your red circle (because angles haven’t changed sufficiently to up ) You could also get more fuzzy using GradientColor reserved word, etc. hth

Excellent question! Didn’t it used to be almost a purely foreign exchange concept? Generally Risk on = higher yield currencies. Risk off = lower yield currencies. Hopefully someone has a better explanation than that. Most forum talk will not get specific at all. Seems to me, it’s assimilation into routine ‘wall street’ lexicon is only a recent happening. … months old? “Switching”, into more or less “beta” ,etc were the stock trading world’s words for it. But I may be wrong… the only time I see CNBC is inside the bank when doing a bankwire or something and I read no WSJ, etc. The sources that pre-inform that they are going ‘risk on’ or ‘risk off’ continue to have some value. The sources reporting post flow that today is ‘risk on’ or ‘risk off’ are useless. Maybe the uptick in the whole planetary financial system’s going singular / correlated has something to do with the phrase catching on? Will have to figure out how to anwer your poll. I don't really care and sometimes (like if I'm exposed to it more than about 5 minutes) the 'phrasing' of bs does annoy the heck out of me.

Ya'll ain't gonna like this Transcript for Ann Barnhardt Interview | FINANCIAL SENSE

boys, I’m sure glad the taxslaves in the US aren’t in a similar situation ... charles hugh smith-EU Fiscal Union = EU Debt Serfdom

I’m loving my EURGBP this morning too… … I've had a short covering order resting at .85104 since 11/28 ... Low this morning on the 'spike down' was .85109 …

the industry speaks the industryspeak Potential, real ~ in the ground, the root system of alfalfa goes down to as far as 12 feet sim ~ in a sprouter, the root system of alfalfa goes ‘down’ to as far as 1/2 inch … quickly, consistently, and that's the limit fun and funny ( but, be advised, it's bad non – industrial age advice…) Ken Robinson says schools kill creativity | Video on TED.com Sir Ken Robinson: Bring on the learning revolution! | Video on TED.com yes, you should... do what you should do

Dude, you sure took your dam time coming to finish it off but thanks. You did a good job... well said

mattz that looks like a viable option. Tams, so is a MC solution... However feng2088, if your automation is truly stable on TS (no small accomplishment, btw)and, for various reasons, you prefer to keep it inhouse, you might consider just manually generating the remaining turns you need each month to meet the minimum 10… using non correlated methods…just for practice. Example: I go on vacation for up to 6 weeks around June every year and still schedule a click in to TS to make a few multiple contract trades to avoid that fee – sometimes on the last possible day and more than once in about 10 seconds during the last 5 minutes of the window of a month…(one year even had my daughter do it when I was out of country and access) It really is no big deal. Click into a little momentum, OSO a very small stoploss (and quick profit if you like) … on balance across time, I bet you can beat the fee ...Developing in TS and then using another platform is to me sort of like putting a Honda engine into a Dodge truck… good engine wrong vehicle... unbelievable the possible unforeseen gotchas and consequences… hth

...the industry speaks the industryspeak... Right out the gate, Noobs always have simple but difficult choices. Are you going to mire yourself in the herd and it’s ways or are you going to really differentiate yourself. Are you going with the many or are you going with the few? (The low quantity of additional 'industry' posts so far is heartening … even on TL it sometimes gets pretty treacherous for noobs..) some ppl can't see good 'risk’ management even if it is right there in plain sight... sneaky wording, but "accommodate" is not the same as "Losing 100 straight trades " First lines again once again for the slow ones.. This more than ameliorates risk of ruin.... ie Structure your world as if you are already successful. That’s how the the rich get richer. And btw, that’s quite the opposite of “jumping off the roofs of buildings” Instead, the industry knows its “Ways of the Stoploss” will actually put you together to be too careful too learn to thrive. (and :hell no: this is not saying AT ALL that you shouldn’t use stops! ) And if you’re reading this and thinking "but my beginning account IS too small for that” (which is the prevailing implication so far herein) then you dang tooten I want to be on the other side of your trades… because one of the ways to structure the 'first line' is most likely off to the side or at the top of this page and it begins with an o. re “One really needs to master the mechanics of their system inside and out, in real time simulated trading, before trading for real. Otherwise you have to deal with the learning curve AND all the psychological stuff that comes with trading real money as well.” More from the industry - straight out of the small ‘psychology’ section of a thousand or more trading method teachers’ web sites. :hello!!!!!!!: All the psychological stuff IS the learning curve. Trading is simple. In the beginning, complicate methods and techniques by going for the ‘intricacies’, etc. at your own risk… Noobs have another simple beginner's choice – head off on an other-directed / guided grail search (usually without yet even knowing what the grail is) OR watch the markets and watch yourself watching and really participating in the markets and uncover what your primary approach(es) is / are to trading by actually trading. ( btw, where is the grail really found? The High History of the Holy Grail ) THEN, when you know from within the way you want to trade, THEN seek out and learn from others who have compatible orientation and who have mastered a similar approach … and THEN train on sim… Noobs. the industry is telling you to go to school first, then go to life. I’m telling you go to life first, then go to school. Only if it were a single art or a single science would it be sensible to ‘go to school’ / read / study / take courses first. School and sim will only teach you about right / wrong! It will not really teach you about victory / defeat, or love / loss, and luck / no luck. Only live trading will teach you all four, in the way YOU personally need to learn them! Another simple, but difficult, choice to implement… re “…Kinesiology and sports psychology…” ??? spear, sincerely hope you are the only one in here who completely missed the point (pun spread out in that last trading sentence… Noobs - question the industry!!! One more convenient example of industryspeak: “… It goes on to say one should learn to hand chart first, before ever trying to paper trade with the computer. The author feels hand charting is a learning tool that better etches the material into your brain” Nothing wrong with that on the surface until we consider charts are only representations of the markets and that “The map is not the thing mapped" and remember what if legacy type time charts are the very last representation of the auctions a particular noob should, by nature, ever ever use? As I said in post 8, explore / flit about the various representations of auctions to find the one(s) most compatible with your own brains and inclinations… if it is traditional charting THEN drawing by hand has a great chance of helping… Another simple, but arduous, choice - Noob settles down immediately into the representational system the industry wants OR noob trials the whole range of representations of the auction to find which one really fits him… “What’s really important? What would we want to do if this weren’t an issue? If we could do it again from scratch, how would we do it differently?” paraphrasing my ‘thinking’ coach

This is related to the OP but I'm not yet sure how directly... hm ?? If the EURUSD were following recent correlation levels with the US indexes, the EUR would be back to 138.40 +. Instead it is near 1.34, down, and a third of the way back to it's 11/25 lows ...nothing's 'fixed' in EuroTrashLand ... and the value of the newly created USD's will not trickle down very far past the first recipients... There's a current "Trading Pullbacks" thread... maybe one of the methods could be - if an instrument is trash then just short into any and all rebounds... ...but fwiw, while the basic premise of the thread still holds, will not be giving my new shorts much wiggle room late Sun or early Mon am.... might even get flat... Ya'll have a great weekend.

If the EURUSD were following recent correlation levels with the US indexes, the EUR would be back to 138.40 +. Instead it is near 1.34, down, and a third of the way back to it's 11/25 lows This is related to the OP but I'm not sure how directly... hm ?? ...nothing's 'fixed' in EuroTrash ... and the newly created USD's will not trickle down very far below the first recipients... fwiw, I will not be giving these new shorts much wiggle room late Sun or early Mon am.... might even get flat.

tradingwolves, Post 8 is advice for the few. Everyone else is giving you the ‘good’ advice. I’m giving you the ‘bad’ advice. Go poll any 100 traders, only a tiny % of them will say Stay Real, No Sim. This settles it for most noobs – sim is the way to go. Then consider that among any 100 traders, only a tiny % of them really thrive. Also consider that if a trader does sim and then makes it out of the loozer pareto, s/he made it because of other factors. The weight of the sim-ming as a factor in the ultimate success in miniscule… even though there will be ardent posters trying to talk some sense into me and save you…and even though there will also be exceptions too – traders for whom simming really was the “way”. But, statistically speaking, it is a major part of the ‘big trap’ for beginners. Implementing line one of post 8 is one of the most immediately accessible ways to differentiate your self from the herd. I have been involved with quite a few traders at their beginnings. So far, every one of them could have benefited from this way - if only to accelerate the time they needed to find out if and how trading was really for them. The advantages to the first way are 1You find out faster if trading really is for you or not. You find out how much fire in your belly you have for it and if you don’t, you can move on to the next ‘game’ / opportunity / challenge. 2 You learn fast. You get to both the implicit and explicit learning much quicker. Probably most important part of this is you learn fast how to take real losses… and many of them… and how to recover from real losses and develop superb inner ways of dealing with them. If one carefully sets up and follows the parameters of the first line of post 8, the work and play and learning has the benefits of sim PLUS THE GEOMETRIC GAINS FROM REAL /LIVE/ NOT SIM learning (yes I’m finger screaming again!) 3 You concentrate your pain, instead of spreading it out across much, much longer time. 4. When you get to the proper and limited stage where simming is appropriate – you can structure and concentrate on serious training, not faking and flitting about, etc. I know none of this probably makes sense and it's awful dang contrary... Find out for yourself... just giving you an alternative to sim / school swimming with the other noobs

… and please forgive me for challenging industry paradigms and truisms, especially about sim’s effects. Please forgive me for ever saying DON’T TRY TO TRANSFER AND APPLY OR RELY ON EDUCATION’S (especially the collectivistic slant from current western gov’t school learning models and yes I am keyboard screaming.) ‘NORMAL’ TENETS Please forgive me for questioning the wisdom of loosely applying the principles of great video gamer play to trading, when it's clearly in "everyone" else's head that way now… Please forgive me for ever saying Pre 2000, learning by paper trading was inefficient at best and most likely helped create LoooozER!!!!!! Post 2000, learning by sim trading is inefficient at best and most likely produces LoooozER!!!!!!.

re Post 8 above. That was such bad advice. Please forgive me. Let me correct myself. Dally and dither, fk around on and off sim for a year or two, put less than zero real pressure on yourself, use someone else’s methods exclusively ie don’t dare develop anything on your own. Even better, try to find some g-ru in an e-room who knows exactly what you need to do. After all that sim screen time then go live and blow up 2 or 3 accounts, spend more time in misery each day than anyone on this planet but for the truly evil ppl should… then quit for a while. In your time away from the action, never question your own neurology’s role, etc. in your performance… just study the markets and methods and edges… and sim sim and sim some more Then, of cource, get more and more and more “disciplined” … now you’re getting it! Just be mentally disciplined… Start trading again and then slow kill another one or two more accounts…and maybe fast kill one more… and 3 years later fkn quit again… wait a few months and start again, this time with even more horrible unsolicited stories and memories flying back up out of your myofascia into your head everytime you sit down and open up your tradestation… then finally, if you’re persisting, you start dealing with stuff you should have been dealing with from day one in the way you should have dealt with it from day one instead of all the fake sim sht… It only took 5 years to discover what you could have discovered in 6 months. … What was I thinking? Clearly this more typical story is preferable to what I proposed in post 8. Again…Everyone please forgive me…

Provided the tourist really sets up “Capitalize and (or) De-leverage and (or) PositionSize to the point that your account can accommodate 100 losing trades in a row and it would still be only in a 40% drawdown” – that is precisely the most rewarding way to learn poker. If the beginning trader sets up “Capitalize and (or) De-leverage and (or) PositionSize to the point that your account can accommodate 100 losing trades in a row and it would still be only in a 40% drawdown” then CL is a wonderful place to start... However, for most traders starting out, the Capitalize part will rule out the accelerated path to trading excellence CL can deliver. I'm railing on the typical and what I believe is misguided utilization of sim!