OAC

I am staying out of this one.

I got this piece of software a long time ago as a free bonus of something else that I bought, and I never gave it much attention partly because of Bernstein. But recently someone told me the software is really good and Bernstein didn't make the software, but someone else did. He just marketed it. The problem is I don't seem to be able to find it, Hmm....

Here is Walterw's thread: http://www.traderslaboratory.com/forums/f34/the-flip-trade-support-and-resistance-1714.html A guide to my basic approach for counter-trend trades: http://www.trading-naked.com/library/Trading%20Manual_C25_213-224.pdf More detail technical explanation of Keltner Channel and similar concept can be found in this book: New Trading Systems and Methods, by Perry J. Kaufman

I don't know where to get data for UK sectors, may be some of our UK members or other members who trade the FTSE can help you. Technical analysis can't be learned and be effective in 2 weeks, in my opinion. Another suggestion that might work for you is to concentrate on a handful of stocks that are strongly affected by various commodity prices. Use your background of pick commodities to give you an edge. For instance if you think oil is going higher, you buy oil companies. I don't know if this is against the rule.

Value investing has no merit in a two months timeframe. You have to pay attention to sector rotation. Sectors, in case you don't know are industrial groups. You want to find the strongest stocks in sectors that are in a cyclical upturn. You can pick these stocks and then let me screen them for their technical merits based on charts. The only problem is I don't know if I can get historical data for FTSE-100 stocks to run in my software. I have to look into it.

Try the dartboard approach, it is known to beat most systems.

Here is a picture of the Naked Cowboy today, one of NYC's biggest tourist attraction. He is heroic enough to stand out in the cold in his underwear for up to an hour at a time. The question is : Is he heroic enough to be a trader ?

The Heroic Dimensions of Trading Brett N. Steenbarger, Ph.D. For me, there's no better time than a long holiday weekend to step back and ask the big questions: those that deal with the meaning and significance of being a trader. These segments from my two books capture much of my sentiment on the topic. "It is better to struggle in the service of one's dreams than to find instant success at meaningless work. The greatest joy in life, George Bernard Shaw once wrote, is being used for a purpose you recognize to be mighty. The greatest fields--those that are a calling and not a mere job--give one room to expand and develop oneself. There is only one valid reason for trading the markets, just as there is only one valid reason for being a psychologist, a dancer, or an architect: because it is your calling, the arena that best draws upon one's talents and passion for self-development." - The Psychology of Trading, p. 317. "There are few arenas left in life where the independent individual can enact the heroic struggle...This, I believe is the eternal allure of the markets. With a reasonable stake and an online account, each person can undertake his or her own gold rush and enact the highest entrepreneurial quest. Like salmon that swim upstream to spawn, sperm that pursue the egg, and prospectors that dig for precious metal, many will be called and few chosen. It matters not. What matters is the dignity and the dimension of soul conferred by one's noblest impulses. It is not desirable to rule in hell or to serve in heaven; far preferable, to paraphrase Ayn Rand, is to fight for tomorrow's Valhalla in order to walk its halls today." - The Psychology of Trading, p. 318. "Let us not forget what it means to be a trader. It means that I am free to own property: shares of a private company or contracts in a commodity. I can take delivery of my property and dispose of it as I wish, or I can trade it to others. My decisions are mine to make; I need not follow the dictates of those who would put other interests--those of gods, governments, or guns--above my own. If I lose, it is my loss. If I profit, the gain is mine...Without freedom, there is no trading. Trading is a celebration of economic and political freedom. Slaves are traded; they do not trade." - Enhancing Trader Performance, p. 253-4. "What are we really developing when we train for expert performance in any domain? We develop skill and knowledge, to be sure, but we also develop more than that. We cultivate will: the ability to formulate goals and direct our actions toward reaching those goals. Every training session is a battle of will: a struggle to overcome our limitations and reach a particular performance goal...When you enhance your performance as a trader, you replace a small piece of randomness with intention. To that degree, your outcomes are self-determined. If you train yourself properly, you will become not only a successful trader, but a more self-determining human being." - Enhancing Trader Performance, p. 254-255.

Without getting into any rocket science, for practical trading purposes, the Keltner channel is a good tool. I believe Walterw uses it to identify higher volatility leading into trend condition in one of his thread. I use it for both trend or counter-trend(reversion to the mean) conditions.

One popular way is using Historical Volatility, which is a measure of price fluctuation over time. Historical volatility uses historical price data to empirically measure the volatility of a market or instrument in the past. The value rendered by a historical volatility study is the standard deviation of bar-to-bar price differences. The other popular method is based on Tony Crabel’s classic study of range expansion, DayTrading with Short Term Price Patterns and Opening Range Breakout, predicts volatility through patterns of wide and narrow price bars.

Wow, finally somebody appears to be on my side. No matter the truth will prevail, I can take all of you guys single-handed. Have you ever seen the old Bruce Lee movies ?

Tasuki: You have to give me the credit first. I recommended trading-naked.com before he did: http://www.traderslaboratory.com/forums/18/thoughts-on-private-retail-trading-as-2943-2.html

Are you trying to get me in trouble ? Like the trap they set up for O.J. Simpson ? When you talk about POC, VAL, VAH, there is bound to be similalities, but the general answer is a no. It looks more like Hubert Senter's stuff, you know the partner of John Carter ? Can you start a new thread next time ? To tell you the truth I am pretty tired of this one.

My sole intention is to present a balanced view for a newbie reading this thread, not neccessary my point of view. JPJtrading has a free trial week and you can find out for yourself and they DO have a website. I said this thread is closed. If you guys want to keep it up. There is more dirts to follow I can assure you that

JP calls anyone who uses Fibonacci, Elliot Waves, Macd, CCi...etc," Idiots who uses Sliderules". I graduated from a top enigeering school,so I guess I qualify. You are a member of Traders Laboratory, then I guess you qualify too. Seriously, JP said these people at this room uses fancy softwares, so I don't mind sharing trading ideas with some probably very smart people and have a ball at the same time. So please PM me if you know where it is.

As a matter of fact, he acts like a jerk most of the time. According to him , there is a chatroom consists of his former students who enjoy bashing him all day long. The room is called "Rock" or something and is not on Paltalk. I couldn't find it. If anyone who knows where it is, please PM me because I would like to join. Thanks

I have come up with my own methods by staring at a MP chart, Glenbee has also. And so can you. Bottomline, these trading room guys are nothing special.

I have been to all three rooms also and paid for JPJtrading one month. Guys, this is my last piece of advice, none of the method can be profitable by themselves, you need something else. If you read Glenbeee's previous post on Nasdaq Futures, he likes something only if it fits into his "jigsaw puzzle". Done.

I want one that can automatically draw Fib Cluster on a chart without me lifting a finger. I think a vendor by the name of Roy Kelly has something like that. Does anyone have experience using it or something similar ?

You are welcome.

Unicorn; The traing is 4 weeks and always follow the trial week. There is no point for JP or any one else spend the time to train just you.

Unicorn; All your questions can be sent directly to JPJTrading.com's support e-mail address. We are not providing free publicity to JPJTrading any more. Thanks

I said that

And I am terminating this thread because it has no education value. If you want to find out for youself, just sign up for his free one week trial.

Whats your problem ? You are the one who said you don't care JP makes money or not in our private exchange unless you forgot.