For weekly trading use PVT; for monthly trading use SSR. A publication that shows trades on a Monday for PVT is entitled "Putting the Pieces Together". IT was suggested to you by another person trying to help you out. There is a "one pager" in that document. The few rules of PVT as discected the pages of PPT document. There in that document you see trades being done and why they were done. I like the resourses you quote. BABAK was on ET when he made the quote that always appears first. The contest had 13 participants. All dropped out but there was no way to extinguish anyone's participation. The percent loss was 26 percent. Because I get about 3.5 million hits a years, google does what it does to help the hitters. The three times the daily ATR related to intraday trading where a lot of trade segments are done within one day. See an example on my last annotated chart posted for QQQ. Examples are not proofs. Probably the best thing for you to do is sit along side of me as I trade (intraday) Then you will be able to look around to go somewhere else and get someone to help you learn somehow about the fractals upon which you trade. Onus is a well chosen word. FYI, If you decide to use the indicators I pointed out to you for your use in what you do, then the onus on you is to use them. Since you use two trading approaches , position and investing, I recommend when you do deciding things, that you give up position trading and then give up investing.
yes, it is troubling for me also, but I am an investor not a trader. I'm 100% long and have been since 1306, but no new puchases for me until I see a correction. Problem is, very few retail traders, it's all pros buying and selling to and from each other. There are very good opportunities every day over there in the spot forex market. It is a good place for small traders since 90% of the market is nothing but small traders all over the world. Everyday the dollar is moving and has a clear defined range of 78 to 83 and is right in the middle at the moment. Good place for a trader.
The funnier thing is, we are many times more than 100% since the 1987 bottom, and before it the 1929 bottom, and you are discussing the 2009 bottom?
point well taken. Yeah I think it is about one thousand percent or more since 1988. But that included getting darn near flat (50/50) in 2000 and again almost 100% in 2007. And none of that was due to skill, just circumstances.
Jack Hershey, you're gonna give McDonald's a run for its money. No doubt you have a lot of detractors to thank for that. I do remember the Babak character from way back. The internet is great. Shit doesn't get erased but just piles on top of old shit, and after enough time passes the old shit evidently is quite a find to newcomers looking for shit to dig up.
This is ELITE TRADER. Everyone here is an expert. That is, until they make posts, sometimes with inane charts, that reveal where they are. But who really cares? Personally, I don't wonder at all about the reasons people pretend to be traders on a message board. But I have wondered at times what kind of person comes on a message board looking to find a "profitable trader." Let's say you find the genuine true article. What do you expect that person to transfer to you? Fair enough. However, I would quibble with the "trade" part.