Reaver

No worries Don. Best of luck with everything!

I found some good info at http://www.medianline.com Don't ban me! I mean well! The guy apparently sells a book, but what attracted me is that it seems you can get a transcribed version of the original Alan Andrews course on the site for free.....I figured it was good info.

I'm with ya Brownsfan. I am too lazy otherwise. It's like in the military- we trained and did what we had to do to be sharp..but we were always trying to be as easy as possibly because we knew for damn sure we'd be stressed out and working hard soon enough. I guess in the civilian world it's the same...hard to really motivate yourself when you know you don't have to...but when pressure hits-you know you have to get in gear, and it's like a call out.

I have to agree with Tin and Soul. Not only is teaching one of the best ways to learn in and of itself as it forces you to distill the knowledge into a more succinct and efficient format- By exchanging information, answering questions, etc you are constantly refining yourself and forcing yourself from becoming stagnant or close-minded. Secondly, and perhaps even more importantly, is the fact that it is ethical to help, as Tin said. Whether helping someone change a tire or helping them develop an idea on a forum, helping a fellow human being is always the high road. I couldn't have gotten to the level I am (and I have plenty of road ahead-don't get me wrong) without some outstanding people who took time out of their day(s) to help me out. Some of those individuals are on the forums and some are not- but the fact is, I am going to continue to pay it forward as much as possible. Speaking of which, earlier Walter asked me to expand on my method a little and I shied away from it. Not because I have any issue with sharing, but because I also feel as if I have a responsibility to make sure that I am not shooting off at the mouth about things that may cause harm to others. I once was told there are few things in life more dangerous than an idiot who thinks he knows what he is doing....I don't want to be that idiot. ha ha I am actually thinking about starting up some threads for longer term traders to exchange ideas.

Sorry, had to post AIC separateley because they deserve it. But I like Stone Temple Pilots (mostly the older stuff, not a huge fan of the newer stuff but I still like it) and like Soul Trader mentioned....lounge and jazz BIG TIME. I don't listen to music when I do my research (I think I have ADD or something) but I crank the music in my gym at home and in my office when I am just goofing off.

Alice. In. Chains.

Yeah no worries there Walter....I just don't want to seem like I am on a high horse by telling people how I trade.......I am very confident in my knowledge and what I do..... But I don't want anyone to assume the inherent risks in my method that I am comfortable assuming, as everyone has different tolerances. Being discretionary, it is hard to actually quantify what the set ups and exits are, as each trade is treated differently....Understanding the method (which is simple) is merely one part of it....the most important part is understanding what I am willing to lose and making constant decisions as part of the total approach to trading. I will help out as much as I can though.

Cog, Feb, If ya'll don't mind me asking- what kind of mass? Best wishes on the road to recovery.

notouch, great posts- where would you recommend learning more about pitchforks? Any books, etc? Thanks!

Bank Wires use a system called Fedwire, which is quite frustrating at times when you are sending money in situation such as yours. Are you using any corresponding banks or anything like that? I assume you are US Domestic and using ABA and not SWIFT codes. I am not fully versed on foreign systems, however in the states it is VVVEEEERRRRY easy to track the money. That is by design. Works to your advantage as long as you're not a criminal. ha ha

My method is very simple and very discretionary. Hard to share really..... Probably too boring for most people. Let me get a little more solid with my knowledge and I will try to help anyone here as much as I can. I believe the key to forex is longer term.

If you're referring to the drop in the dow...I only trade forex right now but I am waiting for USD/JPY to get done retracing and maybe hop on board for a nice carry trade. But other than that, I didn't have any issues, as I just happened to have closed out of a GBP/USD and CAD/JPY position a day or so before the fall. I was blissfully unaware of the impending down move though....Just rang the register based on profit/momentum slowdown.

Awesome Brownsfan! Looking forward to following this thread!

Yeah, I guess long term is relative- but I trade for days up to weeks...but if I found something I liked, I'd go with it for months.

Thanks for the info, Brownsfan. Nate

Hey I've been to Albania! I agree though- Nison definitely didn't say he invented candlesticks...In a stocktickr interview he said that someone from Japan who worked at the same firm as him way back in the day ordered candlestick chart books for their research and he became curious from there.

I am not a big fan of mentors/coaches, but that could be because I don't daytrade. I may have a completely different outlook if I were a daytrader. I stay in touch with a guy that has been trading for 30 years and bounce ideas and get advice, but nothing major.

I have wondered that myself- however I think it's a matter of culture barrier or whatever you want to call it. Maybe lack of accessibility is a better term.... I wouldn't argue that there are many Japanese traders that eat sleep and breathe candlesticks and could wipe the floor with many outsider analysts...however, the human mind is amazing in its capacity to learn, so if one were to put forth adequate time, effort and research, I don't think it would matter where you're from as far as how skilled you end up being. Nison stated, if I remember correctly, that he had to spend a considerable amount of time learning more about Japanese culture and philosophy in order to grasp the subject matter.

Greg Morris is/was John Murphy's investment partner- He apparently has been messing around with candlesticks a while too. Thanks for the info.

You are correct, but it really depends on who has the better lawyers. I knew a bunch of musicians when I was a little younger who did alot of the "Poor Man's Copyright" in which you mail yourself a sealed copy of your music, etc and do not open it once it comes back to you...that way you can offically have a time stamp as to when it was written.... Sometimes it may work- and it sounds like an awesome idea, but more importantly I have seen it get hammered in court because it boils down to who has more legal muscle. I'll be on the lookout. This is a pretty tight community and one of the only, if not the only place where everyone is treated with respect....definitely worth making sure it doesn't get hoodwinked by a bunch of theives and scammers.

Thanks Tin. Just wondering...so far I am trying to pick between Greg Morris and Steve Nison. Do you have any thoughts on that?

ha ha leave it to you to step in on mac's behalf! But I'll have to say I am leaning that way myself, man.

One thing on a similar note I have noticed is that sometimes an idea will hit me and I will actually start trying to convince myself that "that was too easy" and I'm worried that one of these days I am going to miss out on something big that my mind is noticing but I talk myself out of it...If that makes sense. I'll see something and be like a-ha! but then the other part of me will be like-oh that's just a trick to get noobs, that's not a pattern (or whatever it is I happen to have noticed). Sometimes I look at currencies, and see an almost constantly recurring pattern each day-if I look at the 1-4 hour charts on certain currencies, 8 times out of 10 they actually follow the same pattern every day for a month or two. I always have a hard time exploiting that because I feel like I am dumb for thinking it could work...but by looking at the chart- I see that of course the observation could have made me money in hindsight.... Walter, I hope I didn't veer off topic, but your post got me thinking.

Thanks Cooter

I was wondering: What would you consider the best resource for learning more about candles? I trade momentum and would like to learn more about candles to possibly incorporate them into my method. There are a lot of books, sites etc about candles...but I am hoping someone can help separate the wheat from the chaff a little! Thanks! Nate