brownsfan019

As my post said, I was curious to see if anyone is actually making real money. That's it - curiosity. Interesting way of saying - nope, noone here has shown they can make money using this in real-time. In all seriousness, my question was sincere as I enjoy lurking this thread, but have yet to see any real trading being done besides after the fact type stuff. It's REAL easy to find those S/R levels after they've been confirmed. But what about when they are forming? Is the trader in real-time jumping in to see if they do hold or not? I'm just asking the questions that anyone would ask of a trading methodology. I have to note as well that a few of these posts seem to have a sense of anger in them towards me. A "how dare you ask if this works" type thing, yet there doesn't seem to be many saying how good this VSA stuff really is in real-time. And that's all any trader should care about - can this be implemented in real-time with real money? As you said CW, some screenshots, etc would be intriguing to see. You do not need much - take a screenshot of the dom at the time of trade and after. Then match it up with the chart. It's rather simple actually. Not nearly as labor intensive as you've implied. Trade filled, hit print screen, save image. Trade exited, hit print screen, save image. Done.

I had an interesting discussion today with a trading friend/colleague and the question posed to me was - how much money would it take for you to teach what you know? I wasn't quite sure how to respond. In my mind, the hours and thousands of dollars spent is priceless. His reply to me was - but for the right price, wouldn't anyone consider an offer? :hmmmm: I asked why he was asking and he was approached by someone willing to pay what I would consider an offer with entertaining if he would mentor him... I guess it's the age old question, right? Would you sell your trading 'secrets' for the right price? If so, what's the right price? And why? I told him that to gauge the seriousness of the offer, that the offer would need to be substantial to begin with - money up-front and some sort of % of profits or something. After thinking about it, it's a great way to annuitize your business if your pupil(s) make money. There's my broker side coming out - the important of annuitizing your income stream... those were the days.

Anyone know of any sites that have forex charts that are available for free? Not concerned with how much stuff there is, just need some basic dailys. I think James used to have them here on TL but I do not see them anymore. If they are here, please let me know! Thanks

I have done ZERO work on this. Not interested too either. As my post said, I was curious if any are actually making money with these ideas here. So far, not many saying they are. I realize it's the internet and an anonymous message board, but to me, as an outsider just peaking in, it seems like many of these ideas look great after the fact. I'm just curious how many can see the springs or whatever in REAL TIME. You know, when it actually counts...

James, Saw this in real-time while day-trading and was curious how today would play out... That kind of a retest from the Jan lows was a gift to anyone watching. Few different ways to have played this, but a profitable trade nonetheless. I did NOT take this in my account as I am 100% daytrade mode currently. No confidence holding overnight with what we've seen going on.

Ok, I have to ask (time to stir the pot) - as a lurker of this thread and reading some great things (esp DB) I have one question to ask... Is anyone here actually using this in real-time and making money? I see a lot of 'after the fact' analysis, which is fine for learning, but I'm really curious if anyone outside of DB can do this when it counts - real-time and real money... Just curious, not meant to piss anyone off.

This is the only reason why I suggest to stay away. This was a great trading day all around and if you knew what to expect in terms of swings, etc. then it was a great day to be a trader. But for someone brand new that's NEVER traded a fed event, I would watch and learn.

STAY AWAY IF YOU DO NOT KNOW WHAT YOU ARE DOING Come play in our combat grounds game if you have nothing to do.

Nice gamble ... er trade ... I mean. Just don't get too cocky when this happens again, that's my only advice. It's easy to play the - if only - game when a similar situation comes up in the futures. And it will. Only next time the thing just might keep tanking. So please just remember for what this was James - more of a gamble than anything. Trust me, speaking from experience. You always go light on the ones that pay off and heavy on the ones that fail miserably. Murphy's law in full effect there.

Today will be interesting. Trade carefully.

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http://www.bloomberg.com/apps/news?pid=20601087&sid=azGutwVus8to&refer=home March 17 (Bloomberg) -- CME Group Inc., the world's largest futures market, agreed to acquire Nymex Holdings Inc. for $9.4 billion to add benchmark oil and natural gas futures to the contracts it offers. CME will give shareholders of Nymex, the biggest energy market, 0.1323 of its stock plus $36 in cash for each Nymex share they own, the companies said in a joint statement today. The acquisition builds on a two-year partnership between the companies in which Nymex's contracts have traded on CME's Globex electronic trading platform. CME Group gains a stronghold in trading contracts that set prices on everything from oil and natural gas to U.S. Treasuries. It will also acquire Nymex's over-the-counter business, an area CME has struggled to penetrate in financial futures such as interest rates. ``Nymex and CME are a good fit,'' said Mark Williams, a finance professor at Boston University. ``Exchanges are in a commodity business and increased volume is what drives profits.'' Exchanges have announced at least $41 billion of mergers and acquisitions since the start of last year, according to Bloomberg data. NYSE Euronext, under the new leadership of Duncan Niederauer, agreed to buy the American Stock Exchange for $260 million in January. The price CME is paying for Nymex dropped by more than $1 billion after both company's shares tumbled in February. The Department of Justice said in a letter to the Treasury Department that the way futures exchanges process trades may be anti- competitive, sending shares of CME and Nymex down 18 percent on Feb. 6. Nymex and CME are both down 29 percent this year. ICE Competition Electronic trading at Nymex soared after it listed its contracts on Globex in 2006 in response to rival Intercontinental Exchange Inc.'s introduction of a competing U.S. crude oil futures contract that trades via computer. About 76 percent of Nymex's contracts traded via computer last month, compared with 16 percent in February 2006. Nymex shareholders can elect to take cash or stock for their shares in the deal, up to a maximum of $3.4 billion in cash, the companies said today. CME may increase the total cash component if Nymex shareholders choose to receive more than the $3.4 billion, the company said. Expenses are expected to fall by about $60 million annually through technology and staff cuts. Nymex has offered to purchase 816 so-called trading rights from its holders for a maximum of $500 million, or about $612,000 each. Trading rights give the holder the authority to trade Nymex contracts or to lease that right. Electronic Trading The purchase would cancel an agreement reached under a restructuring of Nymex's by-laws in 2006 that promised payments to holders based on electronic trading volume. When the exchange's contracts traded 90 percent or above via computer, holders of the rights would begin receiving payments of 10 percent of the electronic revenue. The closing of the offer is contingent on Nymex buying back at least 75 percent of the trading rights from its members, the companies said today. It also needs regulatory and antitrust approval and must be accepted by Nymex shareholders. The payment plan was a way to entice floor traders who saw their livelihoods disappearing with the increase in electronic trading to vote for the company's restructuring before it became public in November 2006. A trading right last sold for $615,000 on March 10, according to Nymex's Web site. CME Group was formed last year when the Chicago Mercantile Exchange bought the Chicago Board of Trade for $11.6 billion, creating the world's largest futures market.

This is the worst book on trading ever. Of course, I think Faith and his outside view of being a turtle (since never being one) just shows how arbitrary trading ideas can be.

Thanks for the useless commentary. It's true people - if you think candlestick analysis is 'arbitrary' - then guess what? A BOOK DEDICATED TO TRADING CANDLESTICKS MAY NOT BE YOUR CUP OF TEA... Unbelievable... :bang head: Why bother spending money if you don't believe the methodology can work? That makes absolutely no sense ... you think candlestick analysis is no good, yet you spend the money to purchase a book on how to trade with candlesticks? Anyone else see the irony here? As you can tell from my screen name, I am a Cleveland Browns fan. I bleed orange and brown through and through. Guess what? I don't think I would be impressed with a book, DVD, etc. about the NY Giants. Or the Dallas Cowboys. Would I ever spend a penny on these other teams? NO. Would it be a surprise if I did a review on the book or dvd was not impressed? NOPE. Why? I don't know... maybe b/c I have a slight bias? :hmmmm:

It just comes down to knowing how your plan operates in different conditions and how often those conditions appear. If you KNOW that a day like today happens once a month, then today was your once a month day (hopefully). If this happens more often, then you need to adjust. But I would not adjust after just one day like this b/c as another post said, it's not often you hear about a major bank in trouble. Today was a news day and those are to be expected.

On Paltalk you can create a chat room. That's the nice thing - you can make a room and it's just there to use. Although the same thing can be done via the TL chat room as well. Paltalk has voice, which is nice if you want that.

There is a free version and a paid version I believe.

And with something like PalTalk, that is super easy to do. It's a matter of interest and people following through.

nvest - we've all been there and done that. It's interesting to read how others view a day's action as I saw the big move down a substantial move, but everything in between as very nice action. Again, it's in the eye of the beholder. If today as a tough day for your trading methodology, my questions would be: 1) How often does this type of day occur and hurt you? 2) How often do other 'non-volatile' days occur and how do you respond? 3) Did today's loss wipe out day(s)/week(s)/etc of profit? If so, why? 4) What does your statistical research say about today? Was this one of those days that hurt you and occur monthly, weekly, yearly? If you can't answer these questions then you need to do more homework. You have to be prepared for volatile days and how you will hold up through them. Just saying the entry was no good is only a small sliver of the equation here. Take a step back and look at the bigger picture.

It really comes down to what the coder is able to do. There's so many ways this thing can go, so that's why I was thinking simple at first.

Not sure it's a possibility right now str... I have no idea but send them an email and see what they say.

Interesting ideas here... it's always fun to see where things can morph to when the idea is tossed out there. My immediate thoughts... > I like the intimate, personal accountability. Looks great on paper. Concerned about how it can actually work in real life though, esp with every little personal detail out there... I know I would be concerned about that. > I like the A-F scale that Dr Brett talks about. Simple and concise. > James_gsx also has a nice looking template/sheet that we could model after. > Similar trading styles groups sounds good as well. Looks like I will be a one man candle trading group though seeing that the active threads are VSA or some VWAP thing. It comes down to how many are serious and will contribute. Just look at this thread - we have maybe 10 or so people posting in it. There could be many just reading and thinking - I'll join! - but I am not holding my breath either. My immediate thought is that initially, we need to start with something that many can participate in and then see where it goes. For example - a simple template where you give yourself a A-F grade with some commentary is a great place to start. Why? IT'S EASY. Click A, B, C, D or F and then jot a few notes if you feel like it. Very similar to the elitetrader P&L thread but w/o actual numbers (unless you want to post) and with a grading scale. From there we can see where it goes. Maybe a few dedicated hearts there can branch off and do their own thing. Maybe James can make a private area where you have to be invited to participate - you know, for the die hards. Here's a quick thing I did in notepad to envision what I see here: It's not much, but it's a start. Motion creates more motion and ideas, right? We've talked about this before, so it'd be nice to get something going this time around. The above setup gets it going real quick (I would think). A complex, massive template can take awhile to program and could scare people off from using it IMO. I love what James_gsx has, but I also think something that intense could scare people off from using it. Once it gets moving, we can see where it goes...

James - per this link and something Dr Brett mentions, take a look at this site - https://www.stocktickr.com/

Going to think on this and then respond.