MightyMouse

Steve, One can create indicators out of volume or time too, it doesn't have to be price only. If you want to get really funky, you can combine price and time and volume and come up with an indicator. You also do not actually have to have an indicator on the chart that tells you how much or how little time has passed to use time as an indicator. The fact would be that you are using time as an indicator. Whatever way you are determining supply and demand makes little difference. If Price reaches some level where you expect supply or demand to be, you will act or not act because you have either graphically or mentally noted that supply or demand is there. If one chooses to leave the chart blank and mentally assess price time and volume then he can do so if it makes him feel better. If one chooses to only call an indicator an indicator if a mathematical operation is performed on price only then, he can do so if it makes him feel better. What ever makes him feel better, is best. I am sure that most people do not stare at blank charts. They at least have some indication of price movement through time. I call anything you use to enter, stay in, or exit a trade an indicator. And I do not have a feel superior to those who choose to use a macd or rsi or a mini skirt index, nor do I feel that anyone should feel superior to them. Hope this helps you understand my point of view. MM

Zdo, I think that if it is not part of a charting package its not an indicator, so on this thread its best to refer to it as something other than a supply/demand indicator. Ha ha. MM

Ha Ha! That is great. For those who who live outside of the tender bubble created by an over inflated ego, if you put supply and demand on a chart, it is an indicator. It doesn't have to come in a char package to be called an indicator. But you don't count steve since you are the sole occupant of your bubble. Goodness your posts have a stench of insecurity when you respond to my posts. For some reason, egotistical I assume, saying you use indicators is beneath you. I never thought to divide traders between those who use indicators and those who don't. This is getting more interesting everyday. And since we are splitting hairs, pros do use indicators packages, but I suppose that the pros I know do not count or something silly like that.

Canslim is very effective. I used it and also used Vectorvest when i traded stocks longer term. The brilliance of your system is that you are buying stocks in an uptrend or bull market. In a bull market, the bull charges through even the best topping chart patterns. It pays to be long and stay long. You need a good read on the overall market to know when the bull market will begin to range and then if it will break out higher and resume the bull run or break out lower begin a down trend. So, are you going to trade long only? If so, does your system keep you out of the market completely in spite of a stock being an excellent Canslim candidate? I apologize of you have already answered these above.

Steve, Supply/demand is an indicator, the OHLC is an indicator, volume is an indicator, time is an indicator, range is an indicator, trend is an indicator, S/R, and etc. And each and everyone of them is based on lagging information. If you look at 250 bars on a chart to determine trend, you are using data that is (your time frame)X(250) periods old. If someone chooses to use a smoothed MA to decide or their bare eye to decide, there is very little difference. Stoch, rsi, ma, and macd, I believe are all price based so I would tend to think that they are all indicating something similar or confirming each other which may get you nowhere further than you were by looking at one of them. I do not know and i am too lazy to look, but that is my suspicion. Personally, I use price, volume and time but i would be remiss to say that they are not indicators. MM

I would need to know what the relationship is between the 3 indicators in the bottom window to price and to each other and to the lines on the candles, which I assume are moving averages. So, for example, what does it mean when A and B are giving you bullish signals and C isn't? Do you need all 3 to be bullish to go long? Can you stay long if 1 or 2 of the 3 indicators go negative? If so, which can be negative? When do you simply get out and when do you reverse? Each indicator I am sure tells you something different from the other and you need to know how or if you need to take action when they are all bullish, all bearish, all neutral, and mixed. I know what the indicators are, but I am not familiar with how to interpret them. In addition, the indicators will probably act differently if those bars are occurring at the top of a larger range or the bottom of a larger range and if the action is occurring in a larger up trend or in a down trend? So, I would want to back out and look at what is developing from 2 other time frames. When you do know the different possibilities and execute based on your interpretation, damage does not occur. Anger maybe, but not damage. Unfortunately for me, I do not use those indicators and cannot add much. MM

Trading can get boring, but so can traveling, and spending time too much time with your spouse. Yes, I would still trade.

It is beginning to seem like there is no way to learn how to trade unless you have good training from an expert trader or a qualified psychologist.

Tradewinds, You are better off if you do not tell anyone because if too many people trade it, it won't work or won't work as well since trading is a zero sum game. Consider a poker example. If you create a poker-bot to play at a table of 10 players and it has an edge over each of the other 9 players, you will eke out a profit from that table. If sell a copy of the poker-bot to one other guy, then the two of you will make money off the other 8, but not off each other since you do not have an edge over each other. Each person who uses the bot at the table reduces the amount you make from playing poker to the point where if all 10 players a re using the same bot, then the rake will be divided equally and in the long run all of you are losers in spite of the fact that you are trading a winning strategy. On the other hand, a course that could teach a trader how to properly read a market I think would be worth the traders weight in gold. I do wish that someone sat with me and taught me what I have learned without cutting through all the bull shit. MM

If you are giving a 110% guarantee, I would like to buy your first 10,000 subscriptions.

Traderunner, I do not know what he does in the video, but in practice he probes with a small position and then quickly adds to make it a much larger position. I believe the theory is to determine if you have the direction right and then quickly add larger size. Holding onto the losing position could work most of the time. But, there will be times when it just doesn't come back and the losses get far larger than they could have been so the trader has to weigh the benefits and risks. I choose to admit I am wrong soon after a position turns red. In my mind negative equity is the best indicator that you may not have it right. I will get back in if I have to at a better or worse entry if exiting turned out to be wrong too. There are very few things you can control and one of them is how much you let out of your account at a single time. MM

Steve, You are assuming I said something and then getting mad about it and then suggesting I have mental health issues. Hmmm. I stated that I do not know if he makes money. You can read it up above. I never stated that he only has winning streaks. I stated that these guys only post videos of winning trades. I also stated that if someone states that they made X% in Y years, that they should be willing to back it up. You are simply misinterpreting my statement. I apologize for you. If you get something out of the video to help your institutional trading then, its a good video.If someone else gets something from the video, then great. I am not suggesting that the video is not worth watching. I do know that it is a promotional video. You do seem to want to prove things that you think i said wrong and that's actually kind of fun to watch. So go on and keep doing it, and I will keep correcting you until you finally do not misinterpret. Perhaps a good way for you to start is to read my post at least 2 times so that you can minimize your mistakes. I wouldn't expect to have to go through this exercise with an institutional trader to be able to read better, but i guess i hold them in too high regard. MM

I knew what you meant. We referred to them as thongs when I was a kid. Now they are categorically referred to as flip flops.

My wife uses vibrational essences in the bedroom. It doesn't seem to have helped her to be a good trader either, but like yourself, it seems to have helped her a lot. It seems a little too invasive for me to try.

I am not sure why you are interested in his videos. You are an institutional trader and the video is made for dumb retail traders. YouTube is loaded with videos of traders with winning trades who explain how they won the trade. There is no way to lure a sucker in if you post a losing trade. I have no idea if he actually trades, makes money, loses money and am not naive enough to jump to a conclusion that he makes money by watching him narrate a winning trade nor should anyone else jump to such a conclusion. As i have stated in a previous post, I know one of the people who purchased his services and i was sold hard on Don Miller the Guru and I drew my own conclusions and did not feel it was worth a single penny. I do feel that if someone is willing to claim that he made X% in Y years, then he should be willing to back it up. A part of me feels the need to help a brother trader who may be gullible to be a little more objective before he takes the plunge and that includes you in spite of the anger you harbor from some of my past comments. Others have helped me in a similar manner and I am simply trying to do the same. Real traders do not make money every day, week, month or even year for that matter. Anyone who claims otherwise is either inexperienced or a liar. Once again, you should know this. You are an institutional trader.

SIUYA, Thongs? Thongs and high heels would be nice if they were female. I don't want to know what the hell is going on there if they are not female and are wearing thongs. MM

Sure, he buys support and sells resistance with minor variation like anyone else who trades a range. And, yes, he stubbornly holds onto losing positions and that is the killer and you do not know if he makes money because there is no way to know. An individual who pays $7500 for 1 month of training wants to believe that it is worth it. It's easier than dealing with the reality of what a sucker he was. The person I knew who did it stated that " I do not regret it". The funny thing was that I didn't ask if he regretted it or if he felt it was worth it. I was pretty sure it was a subconscious self protective mechanism. I do not know if Dom Miller actually makes money, but someone who is claiming to have made 800% in a "private fund" in 6 years, like he does should be willing to back up that claim. The real value of the videos is learning how to fleece traders of 7500 if you are into that. If you can get 4 guys a month do give you 7500 to talk to them online, I would say that is a comfortable living. Somehow I suspect your employer will allow you to make a video soon. Good luck with your trading objectives. MM

Don Miller is absolutely one of the best self promoters I have ever seen in the trading education business. The bigger your cajones, the more you get. He got $7500 from someone I know. What a fool. I am not suggesting that you cannot make money if you learn from him, but I am suggesting that he is making claims that are as wild, if not more wilder, as any other snake oil salesman out there. Does he make money trading? Maybe some. Maybe none. There is no way to really know. Is he trading live? Yeah right. You guys can defend him against my statements all you want, but he will certainly not attempt to prove me wrong.

If you guys aren't doing the things now that you would do then, then you won't do them then either. If you want to help people, then help them now. People need help that doesn't involve money.

Either is fair game. You do not have to sell or buy a security if you do not want to in the market and if you bring money to the market, you should be wise enough to understand how the market participants attempt to get the best price for themselves. You do not have to buy or sell, you can walk away. When you approach a person selling a car, you have every right to check the car over before you buy it to assess whether you want to pay $10k for it. If you do decide to pay 10k for it, that is not price manipulation, it is very good salesmanship if that car is actually only worth $5k. If the individual does not want to let you check it over, then you should walk away. In trading it is our decision that gets us in or gets us out. The market is constantly advertising both sides, attempting to sell us on why it is a good time to act. If we buy the BS, then we probably will end up with a lemon, just like the car buyer. MM

Are you serious? Of course trading gets tougher when you scale up. if you put up 1000 instead of 1, It's harder to get filled on limit orders and if you get do filled it will push through you further was well. Which means that traders who are willing to take your order feel pretty confident that they can make you cough it up at a loss. Your market orders will also be filled over a range of prices instead of at one price, making profitability more of a challenge. You, therefore, need completely different entry and exit strategies than you would use if you traded ones and twos. I trade oil and have traded as high as 16 contracts and getting out is a chore and absolutely not the same when compared to getting out with 2. MM

On any give day, in any given market, look at the depth of market. From time to time you will see the bid side with far more bids than the ask side and at other times you will see the ask side with far more offers than the bid side. Intuitively, you would guess that if the bid side has more size, then there are more people bidding and there is more demand and price should be rising when there is more demand. Likewise when the Offer side is stacked you would assume that meant that there is more people wanting to sell and price should be falling. What is actually happening when the bid is stacked is that traders are trying to sell, and they put large size up on the bid hoping that impatient buyers who want to buy will enter at the market and fill the sellers limit orders. The end result is that the seller receives a better price than he would if he would have sold at the market. The buyer pays slightly more for being impatient. Its a similar story for traders who want to buy. The put large size up on the offer and hope that someone who sees the large size that wants to sell, will sell at market and right into the buyers standing limit order to buy. If someone puts up size on the bid and has no intentions of buying and is in fact selling and his sole purpose of putting up size on the bid was to lure traders into buying at market so their standing limit sell orders would get filled on the inside, is that manipulation?

Personally, I believe that the media should be held accountable for the BS they allow fraudsters to advertise. When you turn bloomberg radio on in your car and you hear about a guy selling a trading system who claims to have made $7,000,000 in 3 months trading his system and is now offering a free trial, someone should be held accountable. The BS disclaimer after the fact is not enough. As if you actually hear the quickly read disclaimer after the announcer creates an image of millions in your mind. And, yes there are lot of real costs. Some social, but a lot of the costs are paid by the individual or his family or both. Should someone

Wow, Steve, not only are you an professional/institutional trader who can call the market " to the tick", but you are also have ESP. Amazing how you can glean so much information from a few statements that I make. Quick! How many windows do I have in my office? I cannot control myself because you simply do not get it. Your statements are plainly arrogant and condescending and disguised as you trying to be helpful. Do you really think that it is helpful for novice traders to bash them for being retail amateur traders? Notice how you never lose a trade or make a wrong call. Are these guys supposed to believe that is real? Real traders do take losing trades all the time and everyday. Mon Ami, you buy support and sell resistance. Its not institutional grade and hardly rocket science. Sorry for barging onto your game.

Ok I admit. you are good if not great. I aspire to be able to hit trades to the tick one day. But n the meantime i have to trudge along and be wrong more than I am right. Who knows I may never learn how to know what the market is going to do. I suppose a good lesson too is to self-certify and develop self importance and begin talking down to others so that they can aspire to be like me. I will need work on maintaining an air of arrogance, but I too will probably have difficulty hiding my true self.