Deusomega

Lol a few weeks consider that there are scientists that work on things for a lifetime and in the end have no reward for their actions. I think one should devote more than a few weeks to possibly one of the most lucrative professions in the known world before saying oh i suck at this i quit. But everyone is a big boy/girl here and can make that judgement call...

Time travel isnt impossible either... just that whole speed of light thing.

Indeed so easy...:haha::haha:

Listen to the guy people... don't follow the so called experts aka HIM...

He means "reading the tape" bro.... He will not be specific trust me

Maybe I'm retarded but why do your candles change shape? First 15 min you have wicks in the middle of 6:45 and 10:00 and second updated picture the candles have changed.

Ah that sounds like a punishment. It's merely calling a duck a duck.

I'm beginning to learn how to use volume in trading(primarily based on wyckoff ideas) and I am a pre med student first and a budding trader second soo... most of my money goes to you guessed it living expenses . So my available funds for trading aren't that large so I have a forex account to dabble in. To solve the volume problem I just use the futures which I think are representative enough of the spot thanks to arbitrageurs etc. Great posts over at EL josh I am a mini stalker of yours. Partially because I like your approach to things. Sam Seiden stuff is pretty good and one thing good about his stuff is alot of it is available on the net free from webinars if one does a tiny bit of searching. And most of it is logical at least. Odd enhancers are nice for ideas too. Again based on logical premises like momentum from the level previously etc.

I get everything that you are saying. If I could sum up all your posts and main points in this thread it would be that success in the end is all up to the individual. I agree with that fully. I think this is what you are relaying at least. In the end I would rather take my chances with the proven professional for 5k then a guy with a blog who tells me I can beat the big bad HFT with my own homemade algo. (with no programming experience needed)

My point was a simple one. From my understanding all those individuals who appeared in the Market Wizards books have "real world" verifiable records of trading success. If I could pick any criteria on which to focus the attention of trading newcomer on it would be those with real records of trading success. I said nothing about whether one through their own ingenuity and hard work can make lemonade out of lemons. No one is talking about removing vendors from the forum. No one is talking about insta banning individuals when they ninja link their services in posts. No one is trying to put obstacles in everyone's own "path". I think most in this thread including clmac are doing nothing more than adding more information into the market. What he has mostly suggested is akin to adding intraday volume when all individuals have is EOD. Whether you think intraday volume is useful or useless what one can say objectively is that vendor identification is merely adding another piece of information.

Yes all ex-Market Wizards definitely welcome! Good points.

Exactly the market often rewards fear at least dealing with our fear Do the analysis and take the trade.

You are being far too risk averse. And trying to finesse your trades far too much. You feel in control when you put your stop to BE because you feel like you have a "free" trade. But I think you've seen enough times that BE really isn't free you are merely transferring the risk. You have eliminated the risk of "losing" money on this single trade a single event as it were. But you have also further decreased your odds of having a good sized winner as you would have if you hadn't tried to finesse your trade through "intelligent" management( I mean it has to be intelligent if we have a "risk free" trade right? Or....) So while you have reduced your risk on this single trade signal you have also increased your risk of not being able to cover your next trade should it hit your full stop with what would have been a nice sized winner. So have you really decreased your risk in the grand scheme of things? Besides all this talk on risk. You need to trade your plan and see what happens. Constantly managing your trade and trying to be as risk averse as possible will not provide you with any meaningful trade statistics of your system. Figure out your plan before taking the trade-I think you do this pretty well Put the trade on. And don't touch it. Do this for a couple hundred trades. And look at where you are. Otherwise you will constantly spin your wheels and end up where you started over and over again.

Quite interesting eh? I know I'd be royally pissed seeing as some of these guys make thousands per sheeple.

Such an oxymoron for the "Holy Grail" to have editions lol.