weiwei

From my read, Win7 is basically an enhanced version of Vista. Microsoft collected a lot of data on Vista, and make improvement on Vista to come out with Win 7. Pretty much like Window 2000 to Window XP. So my take is that each individual will have to decide if the improvement is worth the money and efforts.

AWOL, can you clarify on what is EA's? thanks

when I 1st draw to trading, I do have Mike Caval course, and think that is the answer to my success. After all, those tutle traders was trained to be become successful, and they did prove that people picked from street can be trained to do trading successfully. For beginner, it is just what I wanted to hear, and yet I spend a lot of time study and try to trade it. But guess what it dose not work, so I keep on looking for answer on why it dose not work for me. After years of reading, one day I got the answer that I think is very realistic. Author give the fact that Rich put in his own money into the fund, so his money is only about a few % of the fund. On top of that, Rich can get 20% fee from profit and other fee for manage the fund. So even at Max of 40% drawdown, his own drawdown was not as bad. The conclusion was that if Rich have to take 40% drawdown, he would have hard time to follow it as well. So at end, my conclusion is that I can not run a system after running to 40% drawdown, and still have the ball to on. and my conclusion is that there is almost no one has the psychological toughness to go on at that point. So if you are into turtle method or want to study it, do not ignore the psychological endurance that one will have to take. Just because Turtles can do it, dose not mean you can do it. Think about what they had, and what you have now compare all together. You would know if it fits you or now.

I think he is talking about the chat room in TL.

This is material is pretty much for longer term trader, not for day trading.(IMHO) But the material is very educational and gives realistic view on many different topics. Such as, system trading, why turtle way is not for regular person, various stage of a trader developments, quantify many different styles of trading,(break out trading, pull back trading, ect) So, this material is good depends one what kind of trader you want to be and what you want to get out of it.

basically you are looking for the info of 1. Support and Resistance - where is the support and resistance that every see at the moment. 2. order flow- how fast it is, and who is dominating the current moment 3. big orders- what is big boy doing.

Just to add to what I said earlier to make it more complete. The shorter the time frame, the harder it is to back test it, in other word harder to get a good quantitative result.(profit) Simply because of there are more noises in price action. Price action is the combination result of many different factors, Fundamental, technical, sentiment, order flows for shorter term trading and others. thus your focus on the cause of the price action will set your brain to If trading is an Art or science, thus determine your approach to the market. After all at end it is the end result that count. Artistic trading style or scientific trading style as long as it works for you.

Corn, If you watch tape long enough then you can notice some very interesting thing happening. But I only read tape on YM and contract over 500 on ES. So what I said can only be true for them two. On YM tape, some time you will see slamming down or Power up, that mean price just jump up or jump down with a gap, but usually you will not see it on chart, if you are able to see it, so far it is the best momentum indicator for me. Price usually will continue on. And some time, price jump back and forth, tape color is mixed. Then you see a string of order with same color, that usually mean some things. Tape reading is hard to said on paper, but if you spend enough time on it, slowly it will tell you some things.

Science or Art, I think it depends on who you are. which one are you better at? Some one can feel the market market and trade with it, Like Soul on above post. And some can use scientific approach to collect numbers and do well with it. Market acts in a many different forms, Some time it is in a linear form, which allow system traders to profit. Sometimes it act in non-linear form, so other can take money away from system traders. If market can be programmed then making money with market will be too easy for those who can. But so far people are still search for Holy Grail, so I would conclude it is not possible yet. Finding a style that fits you is what is important, In science or art from.

Market acts in a non-linear form, for years, mathmatians have being trying to solve non-linear problem, If it can be solved, those big investment firms would have paid what ever price to get it. but so far it remains a challenge for them. Since so far it has no solution to solve a non-linear form, then next best thing they come up with is quant fund which is to build a model, with some assumptions that gambler's ruin would have 1/1000000 chance of happening(I made up that number, but the logic is that it is small enough that it would not happen). "gambler's ruin" - It is gurantee 100% to happen if you play it long enough, no matter how small the chance it is. any good statistian knows about this rules, and guess what, with more and more quant funds out here, the "gamble's ruin" that will go against them gets bigger and biggers. Another other thing about building a model, it can never formulate all conditions into its mathmatic formulaed model. To make long story short, Non-linear form can not be solved by mathmatic, thus market action can not be solve by any mathmatic. Given it long enough time, it will run into that "Gambler's ruin" condition. weiwei

So Here is my view. I think a correction will be there, but not a bust Reason being 1. A lot of news papers are taking about it, and saying that this is a bubble and it is going to bust. This news even made it to USA, and many think it is a bubble. (btw, only big news from China can made its way to US) From a technical perspective, when many people, especially major news papers talk about bubble about to bust, usually it will last longer or much longer then most people think. This is taken from a contrarian point of view 2. From a fundamental view: China just start to build itself up since 1980. It has build a lot of infrastructures, but a lot of systems are still not in a mature state. for example: Banking, Insurance, financial. So there will still more expansion for all these to become mature.

Here are some facts. 1. the market has been rally and rally, making new high after new high. 2. It is so hot now, the news spread out to every one in China. Students, Taxi drivers, old ladies, who have no idea of what stock market is, are all joining the rally now.

3 days holiday is coming, and the trading is slow. So would like to get a discussion form others on current Chinese market. Is Chinese Market over heated? Please give your view.

we would not know the answers until many years later, when some one collect all the data and give a better one. As for now, any reasonable one has its place.

Any strong bull run like the current one has some resaons behind it. Give your view on what is it. Would love to hear them. My view is that money is shift from housing market back to stock market.