OAC

James, Is that why we got a rash of new people in here asking "dumb" questions ?:o

There are two types of daytraders. First there are the Intraday position traders who try to catch one or more main swings of the day. Then there are the the scalpers who's average trade ls less than 3 minutes. Scalping seems to be the most difficult and many in the industry says it can't be done.The previous thread dealed mostly with the intraday position type. I 'd like to focus more on the scalping. How much screen time is required to become a consistently profitable scalper ? Brownsfan, we will start out with you first

Consider that cheap. $250.00 is the electronic version, the hardcopy preceding this one by the same author used to sell for $850.00:o

James, One of my favorites: The Ultimate Trading Guide by John R. Hill, George Pruitt, Lundy Hill, is a must read for mechanical trading ideas. John R. Hill is the President and founder of futures Truth, a leading newsletter that analyzes and rates trading systems.

Thank you for trying to educate me. I have a MBA and used to work for a Wall Street firm

Fund managers in the U.S. are compensated not on how much money they have made for their clients, but based on their fund's performance as compared to the SP 500 benchmark . Another word, if the S&P index fell 15%this year and the fund only fell 10%, the fund manger can expect a large bonus, sometimes as large as 7 digits. More example of big reward for corporate incompetence is the firing of Merril Lynch's CEO this week. The firm had its biggest quarterly loss in 95 years. And the severance package for Mr. O'Neil? a whopping $160 million. Hey, may be it is a good idea to keep these MIT dudes around, because someday I may need them to help pay my children's college education.

Those Who Don't Use Volume Candles Should Give It A Testdrive On October 31 At 2:15pm Est Zooooooooooooooooooooooooooom !!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!

Dogpile: This is what I like to do provided if you have enough capital is become a market maker in some of these closed-end equity fund or ETF. Nowaday you get 4 to 1 intraday margin which is not bad. When the market is coming down hard, you just bid for it, usually these fund have a decent spread.They are slow like mules and their trading desk is probably manned by some new interns with Harvard MBAs. These guys have no ideas what a fake out, bear trap , bull trap is. So it doen't matter if the market bounced off yesteday's high , VAH,POC VAL,PVP,HUP...etc, you are guaranteed to get out on the offer and hopefully a lot higher. Just an idea.

That was super, Brown. Since I picked up the Nison's original book, what stuck in my mind was the mid-point of the candle body and I have been looking at it ever since. It seems to be a balance point or pivot point of some kind. I just wonder if anybody did any kind of research on it ?

Brownsfan, sorry I did'nt see this. candlestickforum.com is Stephen Bigalow's site. I had Steve Nison's first book shortly after it came out I guess around 1992. Is it that there is nothing else new under then sun ? Or there is some new tricks you can teach us ?

How about who I like ? Stephen Bigalow would be another one.

Yes, it is supposed to make sense unless you are 14, Aiki14.

I guess you are may be only abour 20, or 21 years old ? Meet our long-time member James_gsx, he recently turned 20 and he thinks he is over the hill.

Welcome to the club then.

May be your are on their side and happy to collect a secured paycheck. I don't know how long you have been on this forum, most of us are entrepreneurs and Goldman, Harvard, Merril don't impress us.:o

Listen, I was a math and computer science major at one of top engineering college in the country.(Ranked higher than MIT by NY Times) These guys walking around with differential equations in their heads and tripping over chairs in the cafeteria don't make good traders. You have to trust me on that one.

These people are not traders, they are trading system develpers. Its like comparing a race car driver with an auto mechanic. Give me a break .

Didn't you pay attention to Thursday's VAH ?

Hehe, Why? You don't take a backseat to no one.

OK, I am the Mod here. Any of you guys want to delete any of the posts here ?

Why? I posted my views recently in the folowing two threads, you can get a glimpse of my method there: http://www.traderslaboratory.com/forums/f2/are-low-volume-rallies-here-to-2514.html http://www.traderslaboratory.com/forums/f6/es-trading-for-10-15-thru-2641.html There has been a total lack of participation from members in this forum in those two threads. Even in my Low Volume thread, not a single VSA guy stepped forward. Is there a problem with my eyesight ? VSA thread has 30,000+ views ???

I seriously doubt the tape will get dull around 1533. As the matter of fact, I expect the opposite. Also I don't think market is weak at the moment. We will see.

I would be very cautious doing any kind of short selling above 1530.

Walter: Flagged means being put on alert. Nobody is banning this guy, not yet at least.

People who have no previous posts and direct others to outside of this site get flagged by either the software itself or the Mods.