OAC

Because he doesn't make money trading.

If you live in a mansion like some of us, then it really does not matter because you will be spending most of your time in the trading wing.

http://www.trading-naked.com/, one of the best trader's sites on the net.

Back in the 90s, I remember every Friday was a casual day for everybody on Wall Street. When you are in the center of the financial universe, you don't need to prove anything. i think financial people outside of Wall Street dress up to look the part. If I had to dress up, I wouldn't just throw on a tie, I would put on a suspender too. :o

I don't know about other countries, I think dress code for all traders in the U.S. is casual.

Some people trade successfully without looking at volume or internals. Some Woodie people don't even look at prices. Each to his or her own. But one thing you have to be prepared for is a lot of work no matter what method you use.

I hear you. We all need a repertoire of various tools to adapt to constantly changing market conditions.

Well, May be you should try to look at Market Profile as a structure where both WRB and increasing volatility can be explained as market's attempt to move away from Value Area caused by initiative buying and selling ? Market Profile will also provide some answers to your other three questions.

And also Wolfe Waves;)

Try the VSA thread at: http://www.traderslaboratory.com/forums/f34/vsa-volume-spread-analysis-1369.html There are over 40,000 views and over 900 responses, I'll bet that you will get some opinions in there.

I wouldn't say it is 99.9%. Not even close. I have seen quite a few techniques covered here that are range-related or so-called mean reversion techniques: (1) Jperl's VWAP and Standard Deviations, (2) Market Profile's fading Previous day's high, low, VAH, VAL, (3) Fibonacci Retracement Clusters , (3) Harmonic Patterns such as Gartley, Butterfly, (4) ABC retracement pattern, (5) Andrew's Pitchfork , (6) MACD, RSI Oscillator Divergence, (7) Double Top and Bottom, Head and Shoulder formations, and lastly (8) Most of the candlestick formations are reversal and not continuation patterns.

Scalpers should glance at the 15 min charts too. It tells you when to load up on your runners.

If I have a resting buy/sell stop order and the NYSE tick reading becomes extreme(>1000 and <-1000) as the market get very close to my stop level, I usually cancel my stop order and try to enter on a pullback at least in NYSE tick reading if not in price.

Sorry my mistake, it was somebody else(Patuca): http://www.traderslaboratory.com/forums/110/taylor-trading-technique-oct-2007-a-2623-15.html

No, I am much better looking.

Also please keep your comments low-keyed. He may be one of our members here.

This guy is for real, not a wannabe. Despite his video personality which the market would care less about. He is got three things going for him: (1) Focus (2) Dedication (3) Experience( He has been doing it over 10 years)

I think it bothers you because this IQ thing reminds you of school.Why do I say that? It is because this is not the first time you are complaining about it. How about we start a StreetSmart Meter instead ?

Glenbee, good luck to your trading and I wish you a prosperous career. All I have to say is to the newbies here, since this forum has become quite popular among mostly new traders. It has become a fertile ground for for vendors to promote their services. If you have any questions about JPJtrading, feel free to PM me.

JP want you to forget everything that you have ever learned about the market : MACD, Stochastic, CCI, Fibonacci, moving average, candlestick...etc. And learn the market his way and you will become an instant success. He is a genius.

Anyone looking for an alternative to JPJ should also check out Frank Butera at http://www.BalanceTrader.com. A lifetime membership is only $200. We all agreed nobody is going to hand it to you in a silver platter(although JPJ did say he may hand you a fish ) and you have to mold it to make it work for you anyway. I have been there, he is decent.

A couple days ago, I came across the webpage of a really successful vendor, here is what it said: Dear Interested Trader, Thanks for your interest in XXX Trading. In 2005, I became a Registered Investment Advisor (RIA), "retired" the website and currently manage money professionally. Therefore, I no longer operate an advisory service. Please review my Books to learn more about XXX Trading. If you have further questions please feel free to contact me at my email address, XXXTraders@XXXTrader.com. Best Regards, XXX :cheers:

Just curious, are you a vendor yourself ? In a previous post, you said you wrote a chapter for John Carter's book. If you don't charge money for knowledge, I would welcome you , as many here would agree, to share more of your stuff on here. My 2 cents.

Jpjtrading room will give you some good ideas that you can use to mold into your own techniques, so will many of the posts on this site that are available for free. Jp has a Kamikaze style of entering trades that practically none of his students can duplicate. He only uses mental stops.

I know someone who has experience with his room. Not recommended.