This is intended as a reply to popesidious's question, and for traders' education. There's no intentional inference with NoiseTrader's posts. <FONT face="Comic Sans MS"><center>MURPHYâS LAWS FOR COMMODITY TRADERS</center> 1. It is morally wrong to allow a sucker to keep his money 2. Everyone has a trading strategy that wonât work 3. For every expert who says prices are going up, there is one who says they are going down 4. If you can drink it, donât trade it 5. The market is not logical; it is psychological 6. The successful speculator is one who dies before his time comes 7. If you drop a dead cat far enough, it will bounce 8. The market goes your way the day after your stop was hit ITS COROLLARY 9. The big move begins the day after your option expires 10. He who sells uncovered options goes broke 11. If you feel like doubling up a profitable position, slam your dialing finger in the drawer until the feeling goes away 12. The perfect strategy works every time until you start using it 13. If your strategy seems to be working well, you havenât been using it long enough 14. The guy who owns the horse when it dies is the loser 15. When it comes to luck or skill, you canât beat luck 16. Pigs wonât eat $5 corn or $500 meal 17. When the plate of cookies goes around the table, donât forget to take a couple 18. When the market is wrong, it doesnât pay to be right 19. He who sells what isnât hisân, pays the price or goes to prison 20. Be right; sit tight 21. The best way to make a small fortune is to start with a large one 22. He who knows doesnât tell, he who tells doesnât know 23. When youâre hot youâre hot, when youâre not, take a vacation 24. The market knows more than the sum total of everyone in it 25. What everyone knows ainât worth knowing 26. The market will do whatever is necessary to fool the majority 27. Fundamentals are seldom what they appear to be 28. If you always do what youâve always done, youâll always get what youâve always got 29. The first five letters of âbrokerâ spell âbrokeâ 30. The market punishes those who make mistakes </font>
Noise Trader, It looks to me like your bid line is just a moving average of some sort or deviant of it. Is the bid line one of your proprietary indicators?
dear mr NT thanks for taking the time to asnwer my question in regards to the typical time frame of yours per trade .. do you spell it out on your website or service ? is it hours , days , weeks or all of the above ?
For analysis: I look at timeframes form quarterly to intraday bars For trade management: Its pretty simple, say I am long 3 units and have great trade location intraday, I often take a partial profit on a fraction of the position (1 unit of the original size). I call that the 1st Partial Profit target. If I have high level of confidence, I may pass on that. I always have a 2nd Partial Profit target which is a intermediate profit target that may be several days or a few weeks in the future where I lock in a profit. Then I hold the remaining position for as long as I can and manage it with a loose or break-even stop. In short, I go in if I see a high-probability entry and lay off risk in case price moves into random price development but hold a position if I can get risk-free exposure to upside volatility.
NT a question for you..... Say someone takes the TD course, will I learn everything you are trading off of or do you use some proprietary things that aren't covered in the TD course. If this isn't the appropriate place to ask this question let me know. Dan
Or <b>weak hands</b> (clearly seen as thready, stringy Time & Sales low volume tentative sell prints at E) were contradicted or opposed by and left the market when <b>strong hands</b> (shown by committed LARGE BLOCKS BUYS, LONG strings of those in row, and in QUICKER frequency of Time & Sales prints at point E and higher) - came into the market in <B>mass</B> at point E driving the price higher which thereby fueled a bull core buying and a strong short selling margin call rally... as in - demand by the deep pockets money overwhelmed the tentative supply of the shallow pockets crowd... the noise easily read by the lack of commitment of the shallow pockets in their T&S prints... the deep pockets forced gap up a few days later sealed the deal for the shallow pockets by increasing the margin calls and bada bing ya got a rally wyckoff would be proud... cj...
I'll post "What Works in Trading & Why: Part 3" as a new and separate thread. Part 3, is out-of-sample example of the process discussed in Part 1 & 2 as it develops in real time. This example involes the potential for a emerging new tradable rally in Biotech.
No, TD course is essentially a course on reading the structure of the market; that's just a fraction of what I use. Most of what I use is proprietary stuff.