brownsfan019

I love this short opportunity here... just looks so bearish on the daily. Put up a daily with bollingers, keltners, whatever your heart desires and it appears we are trying to test this overhead resistance w/o success. And more importantly, the risk/reward here is PHENOMENAL. You are looking at opportunities to short with a small stop in comparison to profit targets. Trading is about putting the odds in your favor and I think overall, this is a very nice looking short on the daily. As always, do your own homework before placing any real money at risk.

Daily ES looking very bearish. You can just feel a big pop coming soon. Call it what you will - coiling effect, accumulation, test of highs, etc. - but this thing is setting up for a nice move. It looks bearish and I would stay bearish if trading on the daily. Gotta get to bed or would post a chart, but just pull up a daily ES and seeing some bearish looking patterns at/near a resistance point in my eyes. This thing is going to bust soon... I know, how arbitrary is that. Point is a couple days of doji/spinning tops tells us candle traders that there is some indecision going on of where the next move is/could be. Bulls and bears are looking for a reason to act.

You are a Detailed Trader! The Detailed Trader type suggests that you are very quiet and serious. You tend to earn your success by being thorough, methodical, systematic, organized, and dependable. You are also realistic and responsible as long as things make sense for you. You have two of the three qualities that are necessary for trading success (i.e. You make decisions based on logic and analysis and you are decisive, orderly and do things sequentially). Thus, if you are willing to commit yourself, you'll probably be quite successful as a trader. However, you may need some help seeing the big picture that is necessary for trading success... One of your Trading Strengths You should have no problems staying with and executing a simple trading system that someone gives you and you feel confident about. One of your Trading Challenges You love the details of trading system analysis and development so much but you can often be working on the wrong things. Your efforts can be misguided if you are following the wrong guidelines or advice. ======================================== That was fun and I must say, pretty damn good. If you continue clicking through, you get even more stuff! Nice find!

I so called it.

SPOILER ALERT (highlight text to see): Good chance that in a day or two, we find another brand new poster that will come in and save the day by providing use with a website that will lead you to many riches...

New round starting in just over 1 day!

suckers. :o

:thumbs up:

nvest - I posted a link to a company that I purchased data from and it was quick, easy and cheap. I can't find the link now, but it's floating around TL somewhere...

If I told you, it would be a matter of days before we no longer saw you around here. And while that may bring joy to others, I just couldn't let that happen to you DB. :rofl: PS If you like the link, hit the THANKS button on the post! I have so little thanks compared to others.

http://machinist.salon.com/blog/2008/03/21/wsj/ Interesting article about how to get WSJ articles for free using a Firefox add-on.

I like it James. If YOUR plan called for this, then you did just fine. In terms of a swing trade, I would remain short and only look at the dailys. Keep in mind that I do NOT hold overnight with the current volatility, so my post was purely an informational post. I did NOT take this trade in terms of the swing trade.

So what you are saying is - either drink this kool aid or leave? I thought this was an open, public forum. Maybe James changed the rules and I have not read the updated copy. You've been here for just over ONE MONTH. I suggest you learn what an open, public forum is like before criticizing. As you'll see if you actually spend some time reading the posts on this forum, conversations can go in many directions and THAT IS A GOOD THING. That's part of having discussions on a public forum. Don't like it? You can always start your own private Yahoo group. Come on DB, what purpose would that serve? Geeze. Who does DB think he is anyways? :o

The spinner's low was broken James, valid sell signal here confirmed on both entry methods.

Mr. Ed had spammed removed from posts just after I posted about the obvious spam. That guy is good. Real good. Well done Mr. Ed and keep up the great work!!!

This is awesome!! MORE SPAM. James owes me a new computer now b/c mine is broke from this spam.

Wow, great stuff! A brand new member responds to another brand new member!!! Thanks for sharing this website, it looks like the holy grail! Who do I need to send my receipt to for a new computer around here from the OBVIOUS SPAM?

1) In traditional candlesticks the 3 white/black soldiers is supposed to signify the end of a possible move. I personally do not use these at all. 2) If you spend any time in the WRB thread, you will see that exiting based on a WRB is in fact a possible exit method that produces profits. Your thinking is flawed. The WRB is an interesting animal but one I have given up hunting. Why? As evidenced in the WRB thread, there are plenty of WRB's that give you a PERFECT exit point and others that provide a TERRIBLE exit point. You see BF, some WRB's do in fact give you the END of the move while others are simply along for the continuation. So, sometimes exiting on the WRB is in fact almost PERFECT and other times not so much. The problem I had was there was no distinguishable method of knowing when to exit and when to ride the wave. You've also failed to disclose what timeframe(s) you are basing your opinion on. That is kinda important as well. On a 1 minute chart you may want to hang around for multiple WRB's as they are commonplace. On a 30 minute chart however, that is not the case (usually). You of all people know that there are no definites in trading. To say that my thinking of exiting on WRB is flawed is flawed within itself b/c you are only looking at it in your little vacuum. Food for thought.

That is how Mark defines a WRB. I personally think there's some serious faults with defining a WRB as such. Again, discussed in the WRB thread.

ES from 4-2-08: I really like this from a risk/reward standpoint. We'll look at 2 possible entry points and see how it turns out: 1) AGGRESSIVE: enter now at 70.50, stop at 80.25 2) CONFIRMATION: place sell stop at 62.75 (one tick below low of spinner), stop at 80.25 Profit targets: SHORT-TERM: 1321.25 (low of WRB and also a previous support zone) LONG-TERM: 1270.00 All/partial contracts should be taken off between the target zones. I'd love to see 1270 retested, but that is an ambitious target no doubt.

I like this one a lot. It's so easy to jump ship after a bad day only to watch your plan work the next day and the next day, etc. The market has a very wicked humor about her that will test your fortitude and patience with your plan one day and then show you how you *could* have made a ton the following.

Sorry if it looks that way, not done intentionally on my end. I would love to automate my trading but it's just so freakin hard with candles. Since I am not playing find a shape, it's more of a find a shape within a very strict set of parameters if and only if other conditions are met. The OP's screenshot is a PERFECT example of this. That candle he has highlighted is NOT what his software is telling him it is. Not even close. That's part of the problem. I think candles, when studied and put to use properly, are very useful. For me, it's more visual than anything else. I can see the battle of the bulls and bears instantly.

That is a great book! Here's the link to Amazon for anyone interested. I think that's what may have attracted me to poker was the striking similarities between trading and playing poker. This is a great thread b/c it shows how similar the two activities are.

Well BF, I opened this section here and have posted A LOT of stuff here. It's on you as a user to take the time to through it. It should be noted that James did NOT approach me, I approached him about doing this. I guess it gets tiring of repeating yourself over and over and over again. How I use candles is right in front of you. It just requires a little time to find it. I am not interested in hand holding. I see now why forums and experienced users typically fail over time. It's simple - why repeat yourself over and over when the info is there. I don't feel like repeating myself all the time when I took the time initially to open a candle corner and then have a MASSIVE amount of FREE info right there. If that's not enough, oh well. I'm not about to plow a ton of time into repeating myself when it's right there. Now if YOU want to take the time to read it and then come back with actual questions and discussions, we'll go there. But to expect me to regurgitate myself over and over, it ain't gonna happen. As for the OP's request here, it's obvious that it's playing find a shape...

Interesting since an actual 'pattern' is not just random shape finding. Oh well, good luck!