bobcollett

onesmith You are one smart cookie Thankyou bobc

Hi Tradewinds, Congratulations You married zdo's daughter Kind regards bobc

Hi bigchido How did you learn to drive a car? Did you read CAR magazine or did you watch over somebodies shoulder.? Or did you read a 100 books on the different ways of driving? Or did you go to the Car driving forum? OR DID SOMEBODY GIVE YOU SOME GUIDANCE? Find yourself a mentor. Kind regards bobc

Hi Realdemo In South Africa , if you reverse the photos, you will see where we are heading. Regards bobc

Hi khamore1 My second point is you must have an Edge. And if you are using Technical analysis , candle sticks or similar, the same as a million other traders,then you've got no edge. Now lets take a new trader who trades Demo very nicely. The new trader goes live and his first 5 trades are losers.He did everything correctly but got hit by randomness. Whats he going to do now? Tweek. So my third point is, you need a bit of luck. regards bobc

Hi khamore I am going to ignore your question and try go a bit deeper into why the majority of traders loose.. We all look for certainty in life in everything we do.We are trained from a young age to be sure of the facts. "Did you lock the door ?"Did you turn off the stove?" But because of the randomness in the market , there is no certainty in trading. .Its a probability outcome. Traders keep tweeking/ changing their trading systems to get it right. That certainty.And because its impossible they continue to loose. What changed my thinking (and profitability) was accepting that I can only win 50% of the time. I am simply not good enough or experienced enough to achieve more. This reasoning hurts my ego no end. My certainty is 50% And as long as I set my risk:reward ratio at more than 1:1, I win. Even 1: 1,0001 is a win .Ignore commission Now there is no more searching for the holy grail. There are two more points to the above which I will explain next time Kind regards bobc "I'll be back"

Hi Obsidian And what are you going to do after lunch? regards bobc

Hi khamore1 Heres some more. You need more than one market to buy low and sell high Go to "How much weight should one put on market direction." Post 18 by Blowfish Voted best post of 2011 (One voter) regards bobc

Hi khamore There we are, Obsidian has other things besides Greece on his mind!! I am just thankful there were'nt boys in the windows regards bobc

Dear Rande Have you started trading? Hows it going? Kind regards bobc

Hi khamore1 Your idea has some merit. You just need to place the BUY and SELL buttons in right place Heres an idea Select a chart with about 5 days data. Draw a horizantal line at the LOW and at the HIGH Thats the 5 day range. Now divide that range into 4 horizontal sectors. You use the BUY button in the bottom sector You use the Sell button in the top sector When the price in in the middle sectors you water the potplants. If the price stays in the middle you cant trade, and this could last awhile. And maybe thats why 95% of traders loose. Trading in the middle But you are not part of the 95% losers AND your potplant flourish. regards bobc

This pic reminds me of steve How to spot a millioniare!! bobc

Hi khamore It sounds like you have that condition, double penislytis regards bobc

Hi Gann Trader, I dont use TTT If you go back and read post 342 , you will see why. But I follow elovemer. His calls follow my South African market quite accurately. Unfortunately his answers are usually one liners wth some "under tone", so I have given up on questions. My market is influenced by commodity prices, the R/$ exchange rate and the euro and I look to these factors for an edge/ daily expectation. Fundamental. Friday my market fell till near the close then started to recover.(with some volume) . Monday is a buy day.MAYBE. It could also gap because Greece expects to conclude a debt relief program fairly soon. I wonder why elovemer expects a gap. I wont ask All the above does'nt mean you must stop your efforts. Enjoy the journey Kind regards bobc PS Read Eddie Toppel on the way He might just change your thinking on predictions

Hi Gann Trader Nice post Have you read Linda Raschke's take on the TTT? Its a lot easier to follow. regards bobc

Dear Iris Wowowee!!!! A new voice Great post. Kind regards bobc

Hi mitsubishi Heres some info to take your mind off psychologists A solar flare measuring M9 (big) , travelling at 2200km/s, will hit the earth today,at 14:18 GMT ANY SATALITE IN ITS PATH COULD BE DISRUPTED. Trading thoughts............ Be out of the market at 2:15 p.m. Or Have a secure stop in position. Watch for selling volume before the time and go short. Watch for buying volume after the event and go long regards bobc PS I believe solar flares are unlucky and will not trade after lunch.

Sorry MM mitsubishi asked the question bobc

Hi Mighty Mouse Its a pity you started your questions on this thread. jtrader has some interesting comments. But I think his replies will be lost in the rant. regards bobc PS jtrader, you never answered MM's question on knowing if a psychologist has helped a trader.

Hi jswanson Your post is very interesting I would like to test your ideas in my market (South Africa ) This market is open from 8.30 am to 5.30pm + a low volume overnight market. Do I still divide by three given these longer trading hours? Were your 130 minute periods simple convenience or is there some reasoning behind the choice.? regards bobc

Dear Tams I think your cheetahs are excellent My wife is not impressed. I wont share picture of the day with her anymore Kind regards bobc

Hi rbwaran I realise you come from India so English is not your first language. But your post is real shorthand Please explain further, especially the "breakout levels part" Regards bobc

Dear mitsubishi No more bad language PLEASE My kids read these posts regards bobc

Dear mitsubishi Predictions regards bobc