thalestrader

Hi folks, For anyone interested, there is a webinar by Investors Business Daily's David Saito-Chung being held by the money show this afternoon. If you are at all interested in IBD 100 stocks and CANSLIM, it might be worth checking out. Here is the link: Webcasts Details Also, I posted a weekly review of my Bu Watch List on my blog at The Speculator King Best Wishes, Thales

An interesting level for both the bull and the bear case for the end of week trade ... Best Wishes, Thale

65.50 break down to 62.75 low print thus far ... that was an easy call. Bounces must stall 66.50 or lower or the low print is likely in for the day. Further lows, especially a break and hold below 61 will have me targeting 53 before the close ... Best Wishes, Thales

break and retest as resistance ... if 65-66 holds as resistance, then my initial target only a couple of points, but a trend day down with a close on the lows cannot be ruled out... If 65-66 does not hold as resistance? Well, I've always said that every trade starts out as a scalp ... price is 64.50 last trade as I hit enter on this post ... Best Wishes, Thales

Current view of the ES would have me looking for 62.75 (possibly much lower) if a break of 65.50 occurs, and I'd be looking 77.50 or so if price gets above 69.50. Price is currently 66.50 as I type this ... Best Wishes, Thales

The waiting is over, and now we simply wait to see if we are right or we are wrong... And here is the EURUSD with my downside target (colored regions down below)... Best Wishes, Thales

Hi Folks, I updated my Buy Watch (The Speculator King: Buy Watch )and Chart of the day (The Speculator King: Chart of the Day )at the blog. Here is how Camelot Information System (CIS) closed the day today. Best Wishes, Thales

Like this, Kiwi ...? Best Wishes, Thales

Playing a waiting game right now ... Current view of the EURJPY and EURUSD ... nothing has changed ... still looking for the EJ to continue lower. If the EU breaks lower, I'd like to remain calm enough to hold for 1.1600 or a stop out at a trailing chart point ... Best Wishes, Thales

Current view of the EURJPY and EURUSD ... nothing has changed ... Best Wishes, Thales

Hi Folks, A few housekeeping matters relating to my blog. I created a speculator king twitter account. This will allow me to notify of blog updates without having to create an entire blog post just to bring attention to the updates. The blog will also now display the last five "tweets" (good gracious, am I really talking like this!?) so anyone interested should easily be able to identify what has been changed or updated since his or her last visit. I will also use the Twitter facility to link to news articles etc. of interest. Again, this is to keep the blog more or less "clean" and lean. The twitter id is The Speculator King (SpeculatorKing) on Twitter Here is an updated chart, ths time a yearly chart, of FDO. I included a copy of the blog projects current watch list. These are stocks at or near potential buy point. I'm looking for just one to buy. CIS came to my attention this morning, but the breakout came too early and my attention came to late. I'll be watching it, however. You can see two different views of it at The Speculator King: Stock Chart of the Day Best Wishes, Thales

Current view of the EURJPY shows nothing has changed ... Best Wishes, Thales

The problem is that there are few groups as preyed upon by the unscupulous snake oil salesmen as are those who want to be successful at this game. As a result, there is this widespread opinion that folks who, say run forums, ought to foot the bill for the technology, hosting, admin, etc. out the goodnes oftheir heart. It has gotten to the point that even someone who provides good content at a reasonable price is excoriated by the would-be trading masses. I remeber DbPhoenix getting ripped here by at least one poster for having the "gall" of charging the "princely" sum of $39 or something like that for his trading eBook. So there you have it, MMS, you and Db and anyone else who provides valuable material at a reasonable price are made to wear the same black eye as the true charlatans and opportunistic Gurus. It is good to remind ourselves from time to time that TL doesn't cost us a thing as users other than out time. And as far as those ads go, I ignore most of them, and occasionally one of them actually interests me enough to click on it. Why not? I was considering Lightspeed for the stock account I am trading for my blog. I clicked the link from here at TL so I could get the info I needd to make a decison and support TL at the same time. I have for now decided to just use an account at another broker that was already opened and simply needed to be funded, but that's not TL's fault. And of course, I may still open a Lightspeed acount in the future. The irony in the case of the OP's complaint is that the complaint comes from someone who is, despite his protestations to the contrary, a bona fide vendor. The irony is compounded in that he also has a habit of belittling us little folks for our lack of "technological" acumen, and yet technology does exist that could help him minimize the impact of those ads if it really bothered him that much. At any rate, I see no reason why a TL user who sees an ad they may be relevant or of interest to his or her trading to click the ad as a way to both get information and support TL in the process. After all, folks, if TL does not make its owner a profit, TL will be no more. Best Wishes, Thales

I just posted a couple of charts of Jinko Solar on my blog at The Speculator King: Stock Chart of the Day. Here is one of them, with Darvas boxes drawn over the price action. Best Wishes, Thales

Methinks the powers that be might be a bit concerned with copyright law and the potential for nettlesome and potentially expensive lawsuits. I used to post eBooks here as well, but I have been advised that it is more prudent to share materials privately among friends than publicly amongst the entire domain. Best Wishes, Thales

I know that stock charts don't get a lot of play around here, though I hope to change that a bit going forward. Here is a chart that I posted over at my blog tonight, but I thought it deserved to be in this thread as well. This is a quarterly chart of FDO, showing that it is near an historical breakout. William O'Neil would place a buy point at 10 cents above the olf high. I follow that too at times, though in this case, I'd probably add 25 cents and then round up to the nearest quarter dollar. Best WIshes, Thales

I think TL is doing fine except for the occasional crank who wanders in from the cold at ET. I know you may not be looking for suggestions, but I think a positive change could be that new TL members be restricted from rating threads until they hit a couple of hundred posts with at least 25 or 50 thanks from their TL peers. It is too easy for idiots who know so much more than we to come in and swing a "1" star rating on a previously 4.8-5.0 start thread and whack the thread down a few notches. Cranks should be ignored, but the present system allows them too much weight. On a positive note, it often seems as though there are more cranks at ET and elsewhere per thread than are here at TL in total. I only hope that you commit to keeping TL that way. Best Wishes, Thales

Beauty is in the eye of the beholder, I suppose. I've learned a lot from Linda Raschke, though much more from her seminar than from her Street Smarts book; and much more in terms of attitude and managing my own emotions than particular "set-ups." As The Dude said, trading is more than a bunch of set-ups. However, when I first applied myself to day trading, her "anti" set-up from Street Smarts became my "bread and butter," and a few years of doing nothing but watching for those short term pullbacks against a longer term trend has paid off for me in that I can "see" those entries without relying on the stochastic any longer, regardless of time frame. I bought a copy used, and I cannot remember how much I paid for it, but to me, it was worth many thousands of percents over what I paid for it. But that's me. And yes, trading is more than a bunch of set ups, but as Linda Raschke points out in the opening pages of Street Smarts, you don't need a bunch of them - You just need one. You can't work on the other stuff if you don't have an approach you that you trust. If you'd like to see a copy of her book, go grab my email from my profile at my blog, The Speculator King and shoot me an e-mail - I'll let you borrow mine. Best Wishes, Thales

Current view of the daily EURJPY has a short from 112.00, with a sell stop to add to short at 109.00 ... Best Wishes, Thales

+30 tick 1st target, + 60 tick 2nd target ... Best Wishes, Thales

A long opportunity following a rally off the above noted trendline ... Best Wishes, Thales

Current view of the EURUSD ... has me thinking 1.1600-1.1400 may be the next pivotal juncture if this does break lower ... Of course, I never trade without a stop loss ... Best Wishes, Thales

My completely unbiased opinion is that she is a very special little girl. Best Wishes, Thales

"The stock market is neither efficient nor random. It is not efficient because there are too many poorly conceived opinions; it is not random because strong investor emotions can create trends." William J. O'Neil in his Market Wizards by Jack Schwager interview. "The market does not beat them. They beat themselves," and "t is literally true that millions come easier to a trader after he knows how to trade than hundreds did in the days of his ignorance." Reminiscences of a Stock Operator. The market isn't out to get you Attila - You are! But I can tell from your post that you are already aware of that fact, so you have it within you to right the ship. Best Wishes, Thales

I concur with Blowfish 100%. At 9 and now 10 she has none of the obstacles to success that we learn to impose upon ourselves as we mature. She is also a very smart and highly self-motivated, and very self competitive. What I mean by that is this: she measures her progress in any activity by comparing her present ability only to her own past accomplishments, and not to those of her friends (or her father). In addition to be a very good forex trader, trading the EURJPY almost exclusively, she is also a very talented nature photographer and clarinet player. For anyone interested, she is still trading, though like me, she has not been day trading this summer. She is following the Kiwi-level time frames (60 minute, 240 minute, and daily), and trades accordingly. Most recently she had been long the EJ from July 6, added to her long on July 27 (around there at any rate), was stopped out two days later with a very small profit on the whole operation, and then was in cash until two days ago when she got short right below 112.00. Best Wishes, Thales