wjrusnak

I am. Had to take a two month trading break for boards tho.

It is fairly random with this skype deal. Sometimes the chat is running full swing at 11pm eastern. Check it out if you'd like.

To add to that, you would still benefit from switching brokers. From what I remember... you can make 3 day trades per 5 business day sessions when you are under $25k. That is probably how you're getting away with it now. Anyway, you can also trade forex and futures from an IB acct, so I'd advise making the switch soon. Also, I can't help but wonder... did you come up with a solid strategy and test it (either sim or back-testing)? You'll probably hear it more than once on this forum about how important that is. After reading your posts, I was honestly surprised that you immediately opened up an account and started trading... day trading at that. In any case, good luck to you.

FYI... I wasn't subscribed to this thread... bitch

If you're serious about charting and have the need to use indicators, then I would use a better platform. I haven't traded stocks in a year, but I know that Interactive Brokers has TraderWorkstation included and also TradeStation is a good platform for just about every instrument, but a bit expensive (you have to trade 5000 shares/mo. or pay $99/mo. to use the platform... but only 10 round futures trades!). Anyway, I would certainly avoid using free (EDIT: cheap) tools for such an important task.

We're still pals, though, right?

Well I take that back... It's semi-active.

I must be reading this wrong or something. You are where to learn how to trade above the norm? Traders Lab... because well that's here not there. And I see Nial Fuller... um... you're welcome brownsfan. I think we found his agenda. EDIT: To Add: Many professionals make a living off "lagging" indicators. Don't become an idealist

Possible yes, but why do all that work? The point of a chart is to graphically display what price did over a certain time, so that you don't have to remember! If you decide to try this, you probably don't want to be at a site like Traders Laboratory, which emphasizes a lot on price action (candlesticks, support/resistance, momentum, indicators, moving-averages, automated trading, etc.), as all of them highly depend on a chart.

A broken record man...What is the obsession with real time calls? We never have any issues with that. We're all in the room trading and talking about why we took a trade or what we're looking for in another. Then when trading gets slow, we B.S. about health, airplanes, and television. We're not selling shit and we don't want people to believe us. Ever since DbPhoenix didn't release his P&L, you've have this weird fetish with traders releasing their results. Let it go man. In any case, DbPhoenix came to the forum and released a ton of good information that only helped this forum (and I imagine drove a lot of traffic... wink wink... business men). FWIW, here is my P&L for the week. Now everyone come watch me trade! I'll make real time calls for all of you. Then again maybe I won't, because it's fairly distracting to have to type my entries into a chat... or even talk about them aloud... And then again, I'll remember I'm not trying to capture a following or selling a book, so I don't care what people think. The idea of this forum is to help people... not to force them to become transparent. Information...traders helping traders. I guess this boils down to: what the hell is your problem? **Disclaimer: Results may be fabricated and this may be fake entirely. You'll never know. What is the point of posting a P&L after the fact. If your bank account grows, proving yourself to other traders on a forum is probably the least of your worries.** (was going to post it on your thread, but it didn't look like it was active)

Hey... anyone that came to the chat room was immediately alerted of what happened. No secret knock required. P.S. What is your skype username?

And then maybe we could quit sending emails about puretick.com. No offense intended, of course. I understand there are bills to pay.

You really think we would leave Bil out in the dark? C'mon brownsfan... you know we're better than that!

"message in a bottle...."

I'm on page 74... I stopped reading it a while ago because I read Db's material first. In other words, Db did a hell of a job summarizing just about everything you would need to know about Wyckoff (before he went into exile that is ). Aside from that, the book is a good read, even if just to review the concepts, which at this point I feel are essentially the basics that any trader would know (i.e. trends, support/resistance, springboards, hinges, etc.). Like the guy in the video says: its so simple yet so brilliant. As for End of Day (EOD), the book is teaching you how to trade stocks EOD. So you're in luck. Buy it and read it. I'm sure it'll have something valuable to someone trying to "catch the trend and not just swings". Good luck.

Looks like you had the right levels. Hope you did okay today. I got stopped out b/e at 2015 short... talk about a bummer.

Up and Up and Up... Anyway, I would be looking to short around 2030 or 2038, depending on where we open. Otherwise it seems likely that another long could be possible on a pull back to say 2023 or 2017.

I've had this discussion numerous times and have some advice for you. First, you're complicating this with theories. What you see on a live chart are thousands of transactions, occurring at the identical, increasing, or decreasing prices in respect to the last transaction, over time. You even know how many transactions have occurred via volume. Nothing more and nothing less. Now you're attempting to guess who's causing those transactions. Well I will admit to you that I don't know who is buying or selling. Honestly. Is it another guy like me? A girl? A rich guy? A hedge fund manager in charge of billions? Does it really matter? The point is that the majority moves the price and you want to speculate which way the majority of traders will move price next. Here's the kicker: in that majority are small guys, weak hands, strong hands, billionaires, etc. The answer to your question is everyone. Everyone moves the market and everyone generally splits into two categories: people who think the price is cheap and will buy and people who think the price is expensive and will sell. The biggest fallacy in this strong/weak hand theory is the assumption that all the losers are the general public and all the winners are these sharks with billions of dollars at their hands. A big player selling needs a big player buying and one of them needs to be wrong and one of them needs to be right. In conclusion, stay simple and go with what you can see, which in this case is the last price (on whatever time frame you choose) and the volume (some even choose not to look at this). If you notice that 1000 contracts (or shares) were exchanged during a particular time frame, know that someone bought 1000 and someone sold 1000. Maybe he/she was planning to jack the price up to spook someone else from selling... or maybe he/she/they were planning to snag some stop-losses... or maybe.... Stick to a set of rules and trade and theorize about the players later.

Buyers are holding ~1735 and this seems to be ranging out between 1730 and 1760-65. Looks like a lot of confusion and middle chop. Short 1760 and 1765 Long 1730 and 1735 The middle levels would have to show some overnight strength for me to take them (i.e. Long 1745)

Getting a little messy.

Looks like I was right on the money with that idea. Anyway, tomorrow will allow the 1732 level to prove itself. If it doesn't hold, I would look to long at 1720 or 1710. If buyers build some momentum overnight, 1732 could set up for a great break-out trade to the short side. Adding to yesterday's levels, 1755 should definitely be noted. If trading opens toward that area, then I would look to short 1755 or even 1760.

Well I decided to start this exercise again, since it helped me prepare so much in the past. I plan to get rid of this full-time job soon and get back to trading for the remainder of my year off before medical school. This would be much better for my own development than a low-paying job anyway. For the next couple of weeks, I will be posting my charts, but only trading on a select few days. Unfortunately, tomorrow will be one of those "not trading" days. This is basically just for the practice of preparation. So, without further ado... Short 1760 and possibly 1750 if the setup is nice (or if weakness appears via rejection in the AM) Long 1720 (if it got there) or quite possibly look for a long to begin at ~1732 (more in the middle though) I would also Long a hit to the newest lows (~1711) As mentioned, I feel this makes me a better trader, and hopefully some of you can benefit from it as well. Let's see how this plan goes...

First I heard the name Richard Wyckoff when I stumbled across volume spread analysis and Tom Williams. Then after googling a lot and finding my way to this forum, I really discovered the original works of Wyckoff. Also, I learned the most from reading all of the stickies and most-thanked posts that DbPhoenix had suggested in the Wyckoff forum.

Trade when the markets move the fastest and the farthest... go enjoy yourself until January 4th 2010.

Thank you so much for the honesty. I sincerely hope we can sticky your post and forward it to every beginner that enters this site. Especially the "used 3 years never made any money" part. Maybe then they can realize that only screen time and a personally developed strategy will make one profitable.