In reply to the person saying I don't post trades, I'm not the making outrageous claims on how many points i make everyday.
Try comparing a stoch 10 with a %R 10 and you will see what I mean. Larry Williams was such a great salesman that he tricked people into believing him, without doing their homework and due diligence. Quite frankly, I do not think very many wannabe Traders have got a clue what is inside an indicator. They just follow it blindly when it suits.
That is the beauty of it, that it DOESN'T MATTER. Seriously... I can teach a 6 year old kid how to drive a car. He is not going to know how an engine operates or what a transmission does, but he will be able to drive the car. I don't know how certain posters make up their trades here, but after watching them for a while, I can copy or fade them profitably... "Too much knowledge can hurt you." --- Julius Rosenberg
I'm impressed if you can tell what the market wiil be doing that far in advance. How do you know we are not in a serious correction.
An open message to the moderators: Shouldn't the posts of this journal be limited to live calls, market commentary and trading discussions ? I don't understand why so much dribble is permitted here. I know such dribble increases traffic on this site, but this is a high quality thread and possibly the most active thread in ET, it deserves respect and consideration. I think the active traders of this journal deserve such respect. My 02 cents.