HOW MANY LETTERS DOES BDX HAVE The reality is as follows. 1. We do not care what way BDX will go next Monday 2. We will BUY or SELL depending on what BDX is ACTUALLY doing 3. We will not place a bet until we have a baseline to work from 4. We will use The Generals markers as potential exits, and, sometimes potential entry points, but never always 5. We might not even trade BDX, if there are better and faster horses at the post Never get married to a Stock, or any financial instrument, for that is emotional trading, which is best left for the masses Think of yourself as a Wild West Gun Slinger, with years of practice at shooting the slow drawers straight between the 2 eyes Personally, I prefer to think of the Road Runner, Sherrif Ping Ping Richochet Rabbit, and, my all time favorite, whom I will be visiting shortly, is Spongebob Squarepants and Mr Krabbs TE
Bl**dy hell TE, you're showing your age there sunshine. Generals markers? I'm guessing pivots. Beep beep...
The reason why the market moved the way it did is known, but, the reason why some stocks move differently to others, is not the same As gamblers ( oops, sorry, Daytraders ) we must be prepared for what MIGHT happen at certain levels, but, always knowing that ANYTHING can happen. Preparation is 90% of the battle, ask Napoleon, or any other good strategist TE
Hmmm, well, let me think about that one Nah At the site we cannot mention , some files were put up by a helpful member, that I think may have been acquired by MK and MN? Within these files, there is a clear description of what The Generals are taught to LOOK at, which, we need to know, but, only because they LOOK at the market this way, and not, because we want to trade it the same way as they do Maybe Mk or Mn can extract a pic of a valid LOOK, and we can discuss. I have the files somewhere, but they are on a hard disk that I have buried in the vaults, so, I will need to dig them out, as I no longer need to LOOK at such files TE
You've got me watching classic 70's cartoons on YouTube now!! Actually DT furnished me with a copy, I'll dig it out of my hard drive and have a read.
Just started reading it. Great stuff, lots of info on reading volume to anticipate momentum break-outs, which relates exactly to what I'm studying at the moment.
As ugly as the drop was last week if you look at a weekly chart of QQQQ you could have guessed where it might have ended up. I'd have never guessed it would do it in 1 day though, but you never know. It fell to an important level based on price and also important levels based on the 50 & 200 SMA's. Would be nice if my computer would talk to me when these things happen, otherwise it's hard to stay on top of things in real-time. I'm sure there's a way though. Uploaded with ImageShack.us
What exactly is the trading tree? Do you look for set ups on daily bars and then get the entries on intraday time frames? Do you look for the generals' accumulation in above average volume?