Reaver

This may be a silly question...but since I don't know anything about options really... Why can't you just buy a put and a call and then let the loser expire and exercise the winner? I know it wouldn't always be that simple due to fluctuation in price...but I was just curious, as I imagine the probability would be on your side that a trend will end up going in one direction or another enough to justify the losses you'd take in a balancing market.... Thanks.

ha ha ha ha:rofl::rofl::rofl:

Nice demonstration brownsfan:D But very valid point....in many of the older trading books, they speak of the danger of sitting around the broker's office listening to the gossip....it can really make you second guess yourself and get caught up in the excitement. Kind of like the same way people get wrapped up in bright blinking lights at a slot machine...rationality goes right out the window.

Not sure I totally understand the question, especially #1 but as far as how I trade using market generated data, I wouldn't use OTF at all after determining the trend. If a market is already trending, first off, it is already an OTF market, and I am not going to mess with it. I have effectively missed the bus at this point...so I will start looking elsewhere. I am watching for a balancing market, at which point I am looking to see what is going on by the participants....that way I can potentially determine the beginning of a One Time Frame controlled market, which for me would be a breakout. Of course, that is only half of the equation as there are responsive trades that one can take which of course would require a two (or more) timeframe participant market. As far as looking for an "OTF type trade" with lower risk, for me at least, this would entail watching the market participation and parsing the market generated data to determine which direction (if any) you favor for a breakout. Of course, you would also look at the volume/price over time distribution to determine potential risk/reward for a trade candidate. Once again, I really don't understand your questions, as they don't really make sense ( I say that with the utmost respect as English may not be your native language, or you may be a raw beginner, which I totally understand BELIEVE ME) but I hope I helped. Again, if this didn't answer the questions you had, let me know and I'll try again.

TinGull offered to sell me a bridge in Arizona. That was pretty nice of him. But yeah really, I guess it is just a matter of adapting your personality to the goals at hand. Bill gates' mission was to conquer the software market, so he was ruthless. But as a person, he is very unselfish. Reminds me of a book that I highly recommend called Thick Face, Black Heart.

I really like MT4...it's free and there are tons of different indicators (custom and standard) you can fool around with if that's your thing.. Also, the package is seriously about as functional as anything you can pay for out there for forex.

I agree, I think it would be like getting only half the story....

I think it would drive me up the wall. Seriously.

Abe, I don't think so...but wouldn't that sure be nice....

Very well put. At the end of the day, all that matters is if it makes you money...money in your pocket is not an opinion based situation...it is either a) there or b) not there. Whether or not what you do is an art or science is really just your opinion one way or another. I like Auction Market Theory because it is a powerful integration of both, it uses a theory based on scientific evidence, but you must still use your brain to derive your opinion and decide whether or not to back that opinion up with money.

IRT worked fine on my PC, and I have Vista, to boot. Ensign is pretty sharp though...Bugs from time to time, but very proactive techs and developers....same with Linnsoft..Both are very impressive.

Wow man...just wow is all I can say. :doh:

You ain't lying Pyenner..ouch $100K loss in forex. man oh man. Wonder if they were trading FX futs? No way in hell I'd trust an FX broker with $100K....

FFTrader, I may have misunderstood the question, but yes like successlife stated...the standard definition (to my knowledge at least) of One Time Frame concept is when one time frame trader is in control...(such as the floor traders, commercials, public,etc)....two time frame market means basically that there is essentially a deadlock between two different time frame participants. Am I on the right track as to answering what you are asking? Now as far as using value....once again, not sure exactly what you're asking..but generally in a one time frame market, you'd be looking for breakout trades (this assumes a market is balancing, as there is no way to know value in an unbalanced market...if a market is in a one time frame control too long and is in fact trending...there really is no value).....so if I am understanding your question correctly...this would be a day you'd be looking for breakout trades at bracket extremes hoping for trend to start... If a breakout failed, then maybe in fact you went from intially having a one time frame to a two time frame market (commercials may have stepped in and capped) so then you could look for a responsive trade, hoping for price to revert to value.....or maybe if you're lucky to the other bracket extreme (but don't push your luck too far on that one....) I hope I answered the question you were asking....if not, try to elaborate a little on what exactly you are asking.

Lord only knows what the next fad will be....they are already trying to kick up the next wave of houseflipping due to the mortgage bust...they are saying this is the worst downturn ever...LOL...I'd like to direct their research to South Florida in the late 20's early 30's... It's funny how the flavor of the week changes so fast but people still line up for it. I think that article said that that woman lost $100,000 and her husband didn't know yet! Ouch. Talk about awkwardness at the dinner table. ;-)

I think Dr Janice exemplifies how a vendor should conduct themselves on a forum.

Like William Gallacher said, you must learn to trust yourself, sometimes even to the exclusion of all others.

LOL I agree with you there. LOL My wife gets up with me and works out too. Definitely motivating.

It really depends on the distance between the high and low you are measuring...but yes, those fib levels are usually pretty close.

Great article Dr. Janice, glad to see you posting again.

I totally agree with you....I think we were all that person at one time or another! That's pretty much how it starts though...and the tenacious and intelligent ones are able to break free from the ignorant masses. Thanks for the kind words.

Great post! I am going to have to check that book out! See everyone I am buying a book, for merely for insight to add to what I already have in my head from ny own understanding and studying.

Wow man that is crazy.

I prefer morning, because it wakes me up and I know when I get home from work I can hit the market data hard without distractions......But really, any time you personally enjoy they most is fine....There are various scientific studies that indicate when the best time is to work out, and many of them are conflicting..but for practical purposes, I think the best time to workout is when you want to.

That's why a right cross is your best friend... or elbows and knees actually...