The reason that Friday is a poor example is that TP, like most trading aids, works best in a trending environment. Friday, prices chopped just above and just below S/R...
09:11 At long last, the weekend is over, and the trading day is moments away. In my eagerness I find myself at the computer much earlier than usual. To ensure my preparedness, I go through my daily checklist: * Empty ashtray from Fridayâs close. * Check to make sure I have adequate supplies â 2 ½ packs of cigarettes, 6 Ding-Dongs, 1 large glass of diet orange soda. * Scan the âWeekly World Newsâ for any clues to trade direction. * Log on to the net checking favorite sites for additional clues â Yahooâs Horoscope, NY Post âPage Sixâ. 09:27 With three minutes to go, I am prepared and confident. 09:31 One minute into the trading day, my stomach churning, and beginning to feel a headache coming on. I drop several Alka-Seltzer tablets into the glass of diet orange soda. 09:39 Sld @875 ½ It seemed like a good idea â it wasnât. â2 points. 09:41 I miss an obvious short skirt on the all important 77-minute chart, and put my fist through the third monitor of my four screen configuration. (it was the one displaying the 77-minute chart â itâs really no problem, since I will not be referring to it any more today, or ever again) 09:42 Call Staples and order a new 19â monitor for delivery and installation in the morning. 09:45 Miss at least 5 good trade signals while on the phone ordering the new monitor. Denounce the Staples clerk and his relationship with his mother, while throwing the telephone against the wall. 09:46 Down 5 Extra-strength Tylenol and four of the Ding-Dongs with a large gulp of diet orange soda. Snub out the seventh cigarette of the session. 09:48 Sld @877 ¾ Again, it seemed like a good idea â it was +1 ¼ points. (just not as good as the other trade was bad) 09:51 PM Old Trader asking for advice. 09:52 Receive a 236,451 word reply from Old Trader â System crashes when I try to open it (Make a note to myself to add more memory if I am going to exchange Pms with Old Trader in the future) 10:03 With my computer rebooted, I snub out the 13th cigarette of the session, and contemplate what words of wisdom were lost in the crash. (he was probably trying to caution me that we are still in a congestion phase, and to wait for a trend to develop before trading) 10:37 Deciding to take the advice that I would have gotten had my system not crashed while trying to open it, and noting that lunch time isnât all that far away, I call it a morning. 2 Round Turns 1 Winner â 1 Loser (minus 1 19â monitor) - ¾ of a point (plus a new 19â monitor)
Jolly. I think you fail to understand some of the finer points of my system. When the Bolinger impinges on the Keltner, and the TP proprietary volatility bands obscure the lower Donichin Channel - go short, or something...
does anyone actually pay attention to this nonsense? i wasted almost an hour reading most of this thread!!! what a joke.
...so what's the problem, Bunkie? To the best of my knowledge, no one has ever lost a dime following my advice - and that's more than a lot of others can say...
the problem is that you are a negative reinforcement for most traders. no offense, but you are a mess. you have absolutely no discipline. i get the impression that you expect to lose.
...and I get the impression that you see a lot of yourself in this thread...maybe that's why it pisses you off...just a thought...