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Dr Who
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Everything posted by Dr Who
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A very good book to read is by Art Collins, Beating the Financial Futures Market. He tests a lot intra day ideas on different markets.
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trader273 Perhaps that is why most have problems using indicators. The intended use is perhaps misleading? Interesting comments. Have you traded these instances that you have come across?
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It is like anything, know what they are by studying them and their limitations. There are benefits which has taken me a while to truly understand.
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I was wondering if anyone has discovered a leading signal from using lagging indicators such as stochastics etc? Is it possible? How limited is creativity and reality?
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Yes a good book well worth its price.
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Thanks for the link there Blow Fish.
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Thanks for the review on an important topic.
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Thanks for posting your stuff Oz, I appreciate it.
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Soul, Thanks for the video. Seeing other's errors is educational.
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I was wondering if anyone had tried this mans course? http://www.youtube.com/user/harveywalsh
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Nick, Tape reading and looking at the order depth are different. Reading the tape basically means reading WHAT HAS HAPPENED in the past tense sense. I do trust it because it is what he:cool:lps form tactics for the next session or time relevant session.
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Duc, I agree here. $$flowing opposite to price.
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Look at the picture for a while then look at a white wall. Who do you see?
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Syamster, The first goal should be capital preservation. The second goal should be maintaining capital preservation. The third goal should be profit only after you have learned to maintain your capital preservation. Anything else is a gambling mindset that may be ok for a while but will surely see disaster in the long run.
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Nice plan there Torero! Being in Japan we have to consider earthquakes, snow, typhoons, and nuclear reactor mishaps. So having the laptop with a fully charged battery is paramount. Having multiple brokers and quality hedging strategies are also favoured. This is something I will constantly work on as technology changes. Dr.
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Thanks James. My computer has a Pentium 4, 3 Gig HT processor with 512 megbytes ram so pretty grunty on the processor side. DR.
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Welcome Peter! I found this site a goodie too when browsing it.
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I am experiencing pages that hang up to a minute sometimes - broadband 2 hours from you James in Miyagi prefecture. As I write this, the page is still half loaded. James how can I disable e-mail notification of replies to threads?
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I'm in Japan and will trade the Tokyo afternoon session, (miss London morning 3 days a week) then trade the London afternoon and New York morning till 2- 3am Japan time. Then I 'll go to bed and wake up at 11am.
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Buk, thanks I read the other post too.
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I agree pipmonster, it is overcomplicated to use. It is overkill with all of its features and indicators. Just to set simple time frames is difficult to understand. It has lost with me.
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forex5x Good stuff in these comments. Definately in the absense of an objective profit target. I don't agree here with this comment regarding overtrading your demo because you shouldn't overtrade your real acount. But I understand what you are conveying. What's wrong with setting legitimate stops based on price action as opposed to arbitrary levels based on points or percentages? An interesting concept. This is probably good to heed. I think most over dramatise the issue of trading and the risk involved because they don't understand it. Being proficient at understanding risk is paramount wether it is a real or dummy account. Also understand the real requirements of staying POSITIVE EXPECTANT and what it takes to achieve it, maintain it, and better it. Thanks for the link. Very true. Yes all good comments here. I agree. Good post! Dr.
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Thanks Buk. I see that not all use the same times for calculation. Though 5pm seems to be common in stuff I read or people I talk to.
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Hi texxas, Why do you use the 5pm close time for your pivots? Why not 4pm for example? Weekly pivots which day? Monthly pivots? I asked a similar question in my thread then found this thread. Good comments as usual:) Dr.
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For daily pivot calculations with SPOT what time zones are used for it and what time is used? 24 hour market when does the market officially end? I have read that it is 4pm New York time for calculating the pivots so just would like clarificaiton on it. Thanks Dr.