MightyMouse

Your question reveals a lot about your beliefs. I am sure that someone will help you find the magical set up that will solve your problems. More likely, someone will abuse your naivete.

My favorite indicator is the profit or loss in my account. On a shorter term basis, the red or green of a trade.

Your post is somewhat of a breach of protocol. Please identify yourself as a vendor.

I took part in a series of weekly webinars hosted by Jim. It was the last time I wasted money on an educator. His track record was 100% on the trades that he took that he reported after the fact to the group. But, he would never go on the hook by leaving us with a trade idea to use. Every time we asked what to expect for the coming week, he would always be vague and uncertain. However, the chart he would post of his trade showed pin point accuracy at the high or low, but it was all after the fact. It was obvious that he was afraid that he would be wrong and lose credibility with the group. His goal was not to teach us anything; instead, he needed to keep us beielving that he was good so that we would buy his next product or service. Each webinar meeting he would put up a bar chart and locate a gap that may have been left from prior trading activity and he would suggest that no matter how small the gap, traders would move the market to that gap to fill it. This was, of course, all after the fact information. it was odd that virtually nothing we covered had anything to do with MP. He would spend a lot of time advertising his next up and coming seminar product. I was irritated that I spent money so that he could advertise to me. His sidekick then called and called to try to get me to attend a much more expensive trading event. To the tune of $10,000 for one week. The above is not my opinion. It is fact. If you wish to not learn from my experience that is your prerogative. A lot of people invest large sums of money on trading education and then continue to justify the expense because admitting that it was a complete waste of time and money would mean that they would have to admit that they were scammed and that would be a blow to their psyche. With your 12 years of experience, it is my opinion that, you should have learned to tell the difference between and educator and a bullshitting con man. I will agree that he is one of the 2 biggest bullshitters and will agree that you will learn nothing that you could not have learned here on these threads. But I suppose some learn at different paces than others.

Bubbles occur when there is demand resulting from excessive speculation and not when there is an demand from an increase in demand. It is difficult if not impossible to predict when a bubble will burst. I suspect that gold will remain high as long as the fed and EZ maintains or increases its current balance sheet. So, if or when the fed and ez gets into a position to begin unwinding its funny money purchases, then gold will fade back down and over shoot the low. Until then it will probably range between 1400 and 2000+. Plenty of room to make money if you know what you are doing.

Wow! Until now I was certain that I understood what a mounted police unit was. I guess Dublin has a different penal code.

Ok. It sounds like you can design a trade system with no stop, but have to de-leverage the trades to prevent the potential of massive losses from an over-leveraged position that does not have a stop. That makes sense. But, then you lose the benefit of the leveraging your capital in a trade. The distinction I make between investing and trading is similar to your distinction. Lots of investors invest, frequently it is done systematically, in a favorite stock such as Coca Cola and do it with no stop. The difference between this and trading is the holding period. A trader will trade in and out of Coca Cola in a day, week, month, or year, but an investor buys and holds for similar time periods that some do with real estate.

I haven't slept during the day since I was about 3 or 4 years old. I am function 18-20 hours a day every day. I am pissed off when Friday night comes and delighted when Sunday evening comes. I don't wait for paint to dry. There is always something else to paint. Yoga or meditation is great when your mind fills up with shit. Only idle mindlessness fills your mind up with shit. Occupy your mind and you won't need meditation.

Some more follow through in the Euro would be nice. I have been short for about a month. I am expecting a long term revaluation of the euro usd pair. As the US economy strengthens, it will simply make more sense to leave money in dollar denominated accounts instead of the weaker EZ accounts. A break below 1.3 by Friday would be nice. If it does break below 1.3 it will probably stay there for a while. The only way to be safely short with the euro below 1.3 is to be short above 1.3 While we are above 1.3, this is all wishful thinking..

The color of the congress is more important than the color of the president. Red or Blue, that is.

Some of the economic reasons in the current interest rate environment would be anticipation of gdp improvement, lower unemployment, an uptick in the housing market such as housing starts, new home sales, etc. The US has near 0% rates so almost any sign of wage inflation heating up would be welcome and would lead to fed tightening or to at least the speculation of tightening or to an end of the era of incredibly easy money policy. Inflation created by economic strength in the US will generally lead to higher rates and a stronger USD. Inflation created by rising commodity prices and printing money leads to a weaker USD. Ending the tension with Iran would certainly strengthen the dollar since oil would likely drop into the 60's

It really depends... but the general case is that the AUD will be less attractive relative to the USD if AU cuts rates the most important rate is the real rate of interest and not the nominal rate. The real rate in its simplest form is the nominal interest rate minus the local inflation rate. So the AUD could actually go up with a cut in interest rates if there were also a drop in inflation expectations in AU. The AUD/USD could also rise in value with a cut in rates in AU if there were a larger cut in US rates or if there were an increase in the expected rate of inflation in the US. You can then take the above basics and expand into the impact of other economic data on the rate of interest and inflation of each of the countries to determine the relative attractiveness of one to the other.

Show me one and I'll be content. No time constraint, so take your time.

I prefer candle style. In my opinion they are easier on older eyes.

People use the term probability as if a back tested pattern deemed to have x% of a chance of occurring, gives them an edge. It would if the events were normally distributed, but that is just not the case.

Add the misuse of the word "probabilities" to the list.

You need to understand how to trade before you can learn how to trade ES. You need to be good at identifying what is a low price and what is a high price. A fib retracement, or other common tool, will give you a relative low price, but other traders will wait for you to buy low and make you sell lower more often than not if you do not know how to trade.

Do you know how to trade?

Re: trading without a stop loss. Please tell us of a trading system that is not a time bomb that does not use stop losses. Please limit the response to trading and not investing.

I was so, so disappointed that I didn't win. Next time I might buy a ticket so I have a better chance.

In your first post I wasn't sure what you meant by subjectivity since everything we do is subjective and I mistook right for right as in correct instead of the opposite of left.

Fair enough. When you draw a trendline on a chart in your chosen timeframe, it removes subjectivity for you.

I am curious to see how to draw a (right) trendline in a way that removes subjectivity.

You have to decide if you want to be "shaken" out at a loss or robbed blind, then manipulated without lubrication and then forced to close out the position because of low margin. Be careful of what you read. If you act on the wrong information, it can permanently change the way you walk.

Intuition's cousin is instinct. I do not believe that humans have instincts, but we do have the ability to reason. Without instinct is intuition even possible? On the other hand, when I meet a gorgeous woman, instinctively I am overcome by the desire to reproduce; I sense it is quite natural and survival of the fittest, in the end, is really just a numbers game. But, intuitively, I know it is better to not act since my wife will instinctively take everything I have. So, am I cutting my losses short by using reason or intuition? Or is it my wife's instinct to prevent my genes from surviving?