thalestrader

My point, exactly! It looks like we're short of a full roster ... maybe MMS will extend the quarterly deadline a bit or else let the contest roll with only 10 players. Best Wishes, Thales

well, we only need another 21 forum lurkers to convert themselves into at least one time forum participants to make the quarterly contest a go. So how about it folks? If you find yourself coming to TL repeatedly because you find some value and interest, why not join in for the opportunity to perhaps win 5 ES points worth of Amazon.com shopping? Best Wishes, Thales

Hi Folks, Just a reminder that tday is the last day to get your guess in for the quarterly guess the close contest. Remember, it doesn't cost you anything to play, and I can attest to the fact that Mad Market Scientist and TL does indeed pay out on the prizes. First prize is a $250 Amazon.com gift card - surely there is a trading book you've been thinking of buying but you don't want to waste your own money on what may turn out to be another iece of garbage - well, here's your chance to have TL buy it for you. Or perhaps there is some game, gadget, or gizmo you've been wanting to try. $250 will more than buy you a Kindle, and it is almost halfway to to an iPad. So get those entries in, folks! Best Wishes, Thales

Hi Folks, Just a reminder that tday is the last day to get your guess in for the quarterly guess the close contest - you can post your entry here: http://www.traderslaboratory.com/forums/f2/round-two-predict-market-close-contest-9050.html Remember, it doesn't cost you anything to play, and I can attest to the fact that Mad Market Scientist and TL does indeed pay out on the prizes. First prize is a $250 Amazon.com gift card - surely there is a trading book you've been thinking of buying but you don't want to waste your own money on what may turn out to be another iece of garbage - well, here's your chance to have TL buy it for you. Or perhaps there is some game, gadget, or gizmo you've been wanting to try. $250 will more than buy you a Kindle, and it is almost halfway to to an iPad. So get those entries in, folks! Best Wishes, Thales

This one is for you, Cory ... Funny thing, after all these years, I still have my share of days where I feel just like that picture! Best Wishes, Thales

We were stopped out on the first go around, and since my daughter is home from school today, we've re-entered short at a level 40 ticks above last night's entry, and we will add at 1.5045 ... Best Wishes, Thales

This little contest was avery good trade for me as I got the pay off this morning. Thank You, MMS! Here's to wishing you and TL the best! Best Wishes, Thales

We have a 28 tick stop loss and with no plan for tightening it until we get +200, which puts price below Friday's 1.4839 low. After that we will trail, and we would like to see a retest of the 1.4398 low, which would put us at about +650 ticks. Time will tell ... Best Wishes, Thales

I'm hoping we get them soon ... I promised my kids Kindle Readers all around if I won, and I'd like to use TL gift card to purchase them. Best Wishes, Thales

This trade is thus far doing better for me than my Eagles had managed against the Packers ... Best Wishes, Thales

I know that you believe that, but it really was relatively easy this time, and it is far more difficult this this time. I'll tell you why after 1/11. Best Wishes, Thales

I'm a Philly fan ... I'm used to it. Best Wishes, Thales

Let's see if the Swiss Franc can do better against the Pound than my Eagles are currently doing against the Packers ... Short GBPCHF ... Best Wishes, Thales

Thanks, Forrest. Try this: http://www.traderslaboratory.com/forums/f2/round-two-predict-market-close-contest-9050.html

Hi Folks, Time is running out to get our guesses in for TL's "Guess the Close Contest." We need 50 people to make the contest a go - and here we have 376 visitors today alone, and I know that this thread has had several thousand page views in the last week without hardly any new activity, so TL has many eyeballs but too few willing to "pull the trigger." You know what happens to traders who are afraid to pull the trigger ... As they say, "you gotta be in it to win it ...," and in this case, we need 50 to be in it for anyone to win it. Go to the thread below and get you guesses posted soon! http://www.traderslaboratory.com/forums/attachment.php?attachmentid=23497&stc=1&d=1294593958 Best Wishes, Thales

Hi Folks, There are only three more days to get in your guesses for the quarterly Guess the Close. I would hope we could come up with the 30 participants on a Trading forum with hundreds of unique visitors everyday so that we can make a go of the contest. Here is my guess for the quarterly, March 31, 2011 Guess the Close: SPX: 1313.25 INDU: 12036.24 COMPX: 2862.51 My guess for the 2011 Year End Guess the Close will be in by January 31, 2011. Best Wishes, Thales

Just checking in to see we are now +100 on the trade an our stop loss is now +65 ... Best Wishes, Thales

This morning finds us still short and currently +40 ticks on the trade, with a stop loss at +20 ... Best Wishes, Thales

Current view of the EURJPY has us just now getting short ... Best Wishes, Thales

So, are you in? Best Wishes, Thales

No psychic abilities here, MMS. That performance will be hard for me to beat. This particular contest started during a period where the market was likely finishing five month consolidation - so it was an easy bet to be a bull, and then the question was simply "how bullish?" I then used some fib projections and Stephenson-like time targets to pick a likely price level for the market to reside at during the last two weeks of December. After all, it was a safe bet that we'd only be dealing with one intermediate term swing during the September-December period. The new contest is much more difficult, as during the course of this coming year, I would anticipate four intermediate swings (the current uptrend + three more distinct intermediate swings). It was much easier to guess where one swing would be and a specific point in time, especially when we already knew the prior upswing high and the down swing low. We now have to guess where the market will be in three months and 12 months, but we do not have a certain upswing high in place yet. That makes the new contest much more of a "guess" whereas this contest was more of an "educated guess." Best Wishes, Thales

I'll have my quarterly guess ready by the 11th, and my guess for the year end ready by the end of the month. I sure hope we manage to get the required number of participants - after all, this is essentially a "risk-free trade" ... and since the market won't give us one, we may as well take advantage of MMS's generosity when he sends one our way! Best Wishes, Thales

That rally reduced an otherwise nice run to a small profit - +22, +12, +0, -10 respectively ... We'll see what happens as EURUSD aproaches the HOD near the open ... Best Wishes, Thales

added at 1.3322 and 1.3202 ... Best Wishes, Thales

Until Jack Schwager calls me for Market Wizards III, this is the only shot I have at being a "Market Wizard." Please, Kiwi, allow this foolish trader his delusions of grandeur! As an aside, I too would very much like to see the thread preview return to the recent posts menu on the home page. Best Wishes, Thales