Gabe2004

Thanks for your post daedalus. For the sake of clarity I changed some of your lines. Is this what you meant? Gabe

Points is not accurate (but this is how you switch from % to point) because it does not tell you the relative point value if you trade instrumnets with different point values Gabe

Why not publish their PMs? Cowards don't like the lime light. They are probably worried about a public backlash if they would have made their views known in the forum instead of through PMs. Gabe

I would wait for 1 or 2 more bars and go long or short accordingly. Gabe

On 2nd thought, I agree with you. Maybe even lower than 1.4460 Gabe

I would go short if we break below the low of the rightmost bar or wait for price to break above the double top and subsequently retrace (ideally not too fat beloww the double top level) and then go long above the highest point above the double top. Gabe

I think we should call you the PRICE WHISPERER but on a more serious note I would not look at a short in the immediate area below 1.4520 because the resistance area I see to the left of the chart. If price would get below 1.4485 or so I would be looking for a short. Gabe

Cell B8 of the Excel file should be 10,000. Gabe

So no Voodoo or witch craft I think that i finally found a good analogy to a good trader. A good Chef. Both can make an ordinary recipe/methor into a meal/account fit for a king while others will spoil/ruin the dish/account. Thanks for your help/thread Thales. Gabe

Happy New Year to all. If it is not a trade secret, what are those "inputs". Thanks Gabe

By TRIVIAL I was not refering to trading as easy but to some ideas like the BIAS idea that I had a difficulty understanding. I went to technical school for 2 years and became an electronic technologist after working for a little less than a year I entered university and got my EEng degree in 3&1/2 years. Sure there was. My honor. If the circuit did not work and if I could not find why, management would have called upon another engineer to solve the problem and I never let that happen. I think my point on the BIAS issue and my subsequant response was misinterpreted. I am fully aware that to master trading will take time and I am not upset that it takes me as long as it takes because to be realistic if i add up all the time that I have spent on this in a deliberate way I don't think that I have more than 4,000 (4K) hours under my belt. Give or take. To become an engineer took me about 5,600 hours and another 4,000 to have a project fully on my own. I have discussed the timing issue with some people and everyone confirmed the 10,000(10K) hour theory (it takes about 10,000 hours to become a master of most any profession) So I am less than half way there. That was not the issue. Again. My frustration was about understanding some terminology. In this case - the word BIAS - and its application to trading. Gabe PS just as a reminder relating to the caption in the frog and the stork pic, please look what is written under my name next to my avatar. .

Yes it does. Thank you. I don't know why with regards to trading I lack the clarity that I want to achieve. Years ago when I used to design electronic circuit it was as if I was given a canvas and the pictures just kept floowing from my brain to the canvas> I remember that I could come up with many different designs acomplishing the same task and it was fun. I was creating. It was not a struggle to create but a struggle to contain myself and the fsweet feeling when the circuit worked as planned and at the same time the sorrow that the project has ended. With trading i feel that I am REALLY CLOSE yet not close enough and I draw nalnks like with the case of the biases of not understanding what is meant by them and asking for clarification. Not that I am ashamed of asking questions. It's just that it is frustrating not to understand things that seem trivial to others. I am still in a FOG but I hope that it will lift soon because I don't like the alternative. Gabe

From an online dictionary - definition of BIAS. "a particular tendency or inclination, esp. one that prevents unprejudiced consideration of a question; prejudice." Could you or anyone else give examples of BIASES. Eventhough I understand the meaning of the word, I don't seem to be able to identify it in reality Thanks Gabe

How would you suggest one to eliminate this bias? Thanks Gabe

Carrots will do that too. :rofl: Gabe

Wouldn't it make for a better trade to enter at point A long which is a return to the prior ceiling (now potentially a base)?In case of a short, once the impulse move down breaks support, how about waiting for price to come back up to the now resistance level and enter on a STOP in the downward direction but not waiting to break the most recent trough? Gabe

Was shorting below 130.05 around 19:30 EST a resonable short? (sorry , cannt post charts from this computer) Gabe

I was surprised that Thales brought up indicators when he advocates trading without them but this is his thread and there is no need to be upset. Gabe

:rofl: .....:rofl: ..........:rofl: .....:rofl: :rofl: Gabe

U R right . Gabe

So the above is about a mentally ill person. Are most wannabe traders mentally ill? Is it possible to want to succeed in trading but fail misarably for some subconcsious (spelling??) reason? Gabe

I may have a senior's moment here but I never understood Ed's idea in that sentence. Don't all of us want to succeed in this business/ Sure, some are in it for the thrill of it but those who want to succeed just to overcome a challange (and not the monetary side which is an obvious by product) what about them when they fail? Did they want to fail? Sorry but i simply don't understand what he wanted to say. Gabe

How do you define SR? Thanks Gabe

Just trying my crystal ball... did you use 3 or 4 contracts on the RLM? Gabe

Try checking the GROUP TRADES BY ATM STRATEGY. It may solve your problem. Gabe