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gnome

Registered: Jun 2002
Posts: 10007

01-01-08 08:45 PM

Quote from hypostomus:

Thanks, G-nome. The trick was whether or not you felt you could answer candidly. IMO it is very powerful, all the more so because ET don't believe in it. So will they now, because YOU said so, haha?

I don't think I've said much of anything.

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powerfade

Registered: Apr 2007
Posts: 401

01-01-08 08:46 PM

Quote from gnome:
*Warning.. be prepared for lots of "you're full of CRAP" responses

Would you characterize your swing entries as

1) based in whole or in part on technical indicators of the type that most people think of - some form of MA, ADX, CCI, or any of the other 'popular' indicators

2) based in whole or in part on those indicators that many noobs don't initially consider like VIX, TRIN, TRIX or on divergences between prices of individual instruments and one or more measures of group performance

3) based solely on analysis of price action as it's represented in charts - essentially, chart reading

4) Got to hell, that's the key to my profitability and I'm not about to tell you what it is.

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gnome

Registered: Jun 2002
Posts: 10007

01-01-08 08:46 PM

Quote from hypostomus:

Being a believer in simple old-fashioned TA myself, would you kindly render an opinion on pivot retracements on intraday and daily scales?

A few years back, I checked out "calculated pivots" and found them to be non-correlative to market behavior... so I've not considered them since.

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gnome

Registered: Jun 2002
Posts: 10007

01-01-08 08:51 PM

Quote from 9999:

Has your methodology changed significantly over the years or do the same principles apply? What was your worst mistake? When was your turning point as a trader?
Thanks for this opportunity.

1. Over the year's I've endeavored to simplify.

2. Same principles apply. Measured risk for potential of significantly greater [perceived, at least] profit.... stops always.

3. I don't know that I ever had a "turning point"... I was thrust into the responsibility of other people's money by someone else's incompetence, and I'd figured out some basics plays beforehand.

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gnome

Registered: Jun 2002
Posts: 10007

01-01-08 08:53 PM

Quote from armoured saint:

Assuming you let your winners run, how do you know when to sell?

I take a guess like everyone else... some sign of "significant enough" reversal or try to nail a top at resistance.

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[Proximo]

Registered: Aug 2007
Posts: 1383

01-01-08 08:55 PM

If you are a multi-millionaire why do you have almost 5000 posts @ ET.

Shouldn't you have better things to do with your time? This is a serious question.

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