aidaweb01

Hi Millard, Thanks for that link to news on FOMC numbers, but I was referring to Soultraders initial posting that said... "Everyone was waiting for Bernie to speak. On Fed days the markets usually do 1-2-3 move. (1-2-3 moves are... initial move up/down, reversal, and then third wave back in the original direction). However on Bernie speeches, the markets tend to just GO." I'm keen to know where I can find out about this Bernie speeches?

A very interesting concept. I have used a strategy similar to this to trade FED day and it does work although the risk I had to deal with was that I had to set up an OCO plus stops and targets on two trades in a very short period of time. If I got it wrong and placed one of my orders too close to the market I could get stopped in on a false move (eg not on move 1 of the 1-2-3) Does anyone know where I can get a timetable of these Bernanke statements?

A well summarised view on classic trading rules. I have sent to some friends who operate their own non trading related businesses as its interesting to note how they can be applied generically.

As a relatively new trader, I have a library of trading books all focusing on specific aspects of trading. MTT is as comprehensive a trading book as I have read, covering not only specific trading strategies that I have begun using in my trading, but also an excellent section on developing a business plan - an area that I've not seen covered in any trading book. Reminding ones self when you enter the trading game that it's a business that needs as much planning as any other business seems so obvious and yet is probably overlooked by the majority of aspiring traders. I refer to the book daily and would highly recommend this to both beginners and advanced traders alike.

Excellent - thanks very much.

Much appreciated - and great website! Have spent many hours looking through the content and very impressed.

Hi Soultrader, Thanks for this indicator - I'm currently looking at triple screen as a swing trading solution and the force index is useful. One question however, when I click install the ELD doesn't seem to install in TS (instead I am re-directed to the forum homepage?) - Can we supply a link to the ELD file? Many thanks Daniel

Mark's book is cited by many as pivotal in their success as a trader and how they managed to convert from amateur to pro. I have read and re-read this book and although some of the language and descriptions are somewhat verbose this is an excellent insight into how to condition the mind to accept the challenge of trading. Highly recommended for traders of all levels. I'de be interested to know out of those that have read it, how many followed Marks plan at the end of the book - I'm guessing those that did turned the corner and those that didn't are still fighting with their emotion?