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Tasuki

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Everything posted by Tasuki

  1. I'm going to agree with waveslider here. Point 1 is the least important point of the wolfe wave. What I personally do is to look for a clear violation of support or resistance, and give that pivot a tentative point 2. Then I look to see if there are clear pivots for points 3 and 4. If there's a point 5 already, I'll add that to the list. Then, finally, I'll search for a point 1, which (at least the way I do it) can be any major or minor pivot prior to wave 2 that looks approximately right.
  2. Best of luck on this trade WS. I'm thinking right now that we won't hit even the Andrews medianline, but that's what makes for two-sided trading, right? I have to admit that the WW and pitchfork really do look classic.
  3. day session only, as I found out (@ES.D in Tradestation). Where would point 6 be, waveslider? Somewhere below point 2, right? I like the fact that there's a pitchfork confirming the weakness. Doesn't hurt that there are two moving averages providing resistance on the daily chart (34 EMA and 50 SMA). Still, every money manager on the planet is telling his clients to get back into the market, so I'm dubious that point 6 will get reached. This might turn out to be a classic example of what happens when technical analysis stands in the way of a stampede of bulls.
  4. Is this the ES, waveslider? What's the timeframe?
  5. heard that PP alias CW alias VJ is really the artist formerly known as Prints. And ditto the welcome posts. Best stuff on TL.
  6. Great analysis. What's a "completion bar"? What is being completed? Thanks.
  7. Thanks, 7, I've heard good things about Think Or Swim.
  8. captjoe, What does TOS stand for? Tradestation? If so, I've never heard Tradestation referred to as TOS. Taz
  9. Could not agree more. Blu Ray has been of tremendous help to many traders on Traders Lab, including me. Speaking as a southern California beachboy, don't sting the bluray! He has earned our respect, admiration and gratitude.
  10. One explanation for good traders "selling out" (that's what I call it) to the corporate world is because they have priorities like children, a family, and perhaps aging parents that need caring for. Or, they may just enjoy the good life, like that most famous of traders, Jesse Livermore, and rack up large bills that need paying off. My idea of independence is to be free of all that baggage. but my spartan lifestyle is not the norm. Lots of people fall in love (poor suckers), and that will change a trader's priorities in a heartbeat, and when you require a regular income to support a family, the lucrative world of traders education starts to look pretty promising. I admit that I haven't gotten there yet, but I do know traders who have reached a plateau of success, such that they don't have to mentally struggle the way novice and intermediate traders do. For these friends of mine, trading is an enjoyable game, and they are very successful at it.
  11. link2randle, you can reduce those outrageous fees by placing a minimum number of trades with them per month. It's actually a good deal that way.
  12. Good answer, 7. This just demonstrates my ignorance of (and distain for) the corporate world. For most of my life I've been a scientist, protected by the fierce independence of academia. Jeans and a T-shirt were all we wore to work, and any boss who tried to make us dress up would lose his techs so fast it would make his head spin. The concept of your boss curtailing your freedom of speech is unamerican, as I see it, but the corporate world makes you sign away your rights and your liberty in their non-disclosure clauses, and people, millions of them, sign up for this servitude, swallowing their pride for a fat paycheck. Can't fathom it, myself. One of the best parts of being an independent trader is that nobody gets to tell you what to do. Why anyone would trade that freedom for anything is beyond me. Freedom rules.
  13. WHAT? CW, if that's true, that would be really terrible. Eiger has been an extremely valuable contributor to our VSA thread. Now that I think about it, SebMan hasn't been posting here in quite a while, and if my memory serves, he stopped just about the same time that he said he was joining Tradeguider. I never liked Gavin, but that was mostly because he seemed like a poser. If he's really stifling people's free speech, that would be serious. Instead of promoting VSA, this would mean that Tradeguider is trying to monopolize the concept. [i can just hear some of you saying, Tasuki, wake up and smell the coffee]. Which raises an interesting question---why ARE such people as Sebastian and Eiger working for Tradeguider? Maybe because they're not paying the bills with their own trading? If Gavin really has a noose around their necks, that would sure seem to take the fun out of the whole business.
  14. Just my opinion, but the ignore system misses the point. This forum is called the TRADERS lab, not the "anything goes" lab. I can only speak for myself, but I would really prefer to see this site remain a focus for trading only. By including people with different energies, it seems to dilute the effort we "regulars" are making to understand and trade the markets.
  15. ditto with the username/password problem. Didn't realize that there were such restrictions on Traders Lab.
  16. Tawe, thanks for the vote of confidence on the constructive criticism angle. That's been my intent all along, regardless of the mud-slinging. Glad to hear that VSA is working for you, and coming from you, that's a very encouraging statement. jj, I do not mean to derail the thread at all, disregarding your crude four-lettered epithets.
  17. Eiger, What I posted is factually correct. I have watched Todd and Tom analyze lots of charts, and they look brilliant until they get to the hard right edge, where then their abilities drop off precipitously. Are you better than Todd Krueger and Tom Williams? Several people have thrown out personal attacks on me for daring to challenge VSA on a VSA forum. So, this forum is only for cheerleaders of VSA? Nobody gets to question the basic premise of a technique? Somehow, I would have thought that such a challenge would be healthy, even constructive, but some of you seem to be so afraid of anyone questioning your basic assumptions that you have to attack the questioner, or "arguing ad hominum" as they say in debating circles. There's a word for that in english: immature. Speaking of addressing the issues, you did make a really good suggestion, at least I think so: "And, here is a direct challenge to you: watch the next three webcasts of live trading". Sure, great, how do I do that? (not being facetious, honest question). Since you like a direct challenge, I challenge you (again) to take a market we all watch, and post your VSA analysis based on daily or weekly bars (so you wouldn't have to post something during the day, when we should all be watching the markets unfold live). I've issued this challenge twice now on Traders Lab, and nobody has had the moxie to take me up on it. I wonder why.
  18. sevensa, Admittedly, I'm still struggling with this. VSA is so elegant, I would dearly love it to work, and I may yet understand it well enough that it will help my trading. My problem with VSA remains the same, namely that it all sounds so logical in hindsight, but I have yet to see a VSA "expert" who can use it in real-time without getting egg in his beard. Darn good idea to re-post my query in the indicator section.
  19. Curiosity piqued: can you at least tell us the URL of the website? Perhaps other TL members would benefit from it?
  20. Looking at Winnie's chart, I just had an idea. I wonder if it would be possible to create an indicator or a strategy which would take into consideration both the volume AND the range at the same time. A high (or low) reading of this indicator might be able to highlight turning points, yes? Maybe?
  21. Question for CW: I'm trying to understand how/when/and why to use wide range candles as S/R and entry/exit points. Attached chart shows my utter lack of comprehension. Any help greatly appreciated. Taz
  22. thrunner, Thanks. so this is a simple moving average, obviously. I presume the same principles can be applied to exponential and weighted, right? I looked at the EL codes on TS for the simple and exponential MAs but I couldn't figure out, well, pretty much anything. Your code is so different from either of them that I can't figure out how to transpose the more efficient code to the exponential MA. Is it true that the exp. MA calculation is alot more complex (it's got exponents in it?)?
  23. BF, got an error message when I tried to verify. Highlighted "barnum" and said "Word not recognized by Easylanguage" Is "barnum" a word in EL? I haven't seen it before but that doesn't mean much. Thanks, Taz
  24. Yipes, BF, that's amazing. Do you have your moving averages coded that way? If so, would you be willing to share? Or is this more efficient code available somewhere? Many thanks, Taz
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