35854 replies to this topic

[Bev]

Hi Rockstar, Thank you, I found it very informative.  Where can I find this information as I would like to watch more of his video's.

[delta66]

Haha,,and your wife checking how much money she can spend !

lol..she recently has opened a ig account but she copying my trades

 

short 44000 sa40 cash

out for 52 points

[delta66]

yeah..just me and market maker i feel lonely

[delta66]

volume is pathetic..scalping up/down within narrow range - 100 point day!

[mdma]

For those on IGM....why can we not see volume on the indicators?

Today we can see volume.

Volume is ZERO

[delta66]

short 44000 sa40 cash

[Plasma]

For those on IGM....why can we not see volume on the indicators?

[Shortboy]

 

“Could it be that greatness in trading follows the same patterns observed among artists, scientists, and squash players? If so, one would expect the expert trader to have spent a sustained period of time immersed in the markets, following market action, practicing trading, and maintaining a high level of focus and concentration. These are the very same conditions that generate optimal implicit learning. Expertise appears to be gained by maximizing the number of learning trials and by maximizing one’s focus during these learning trials so as to extract the most learning possible. When this can be sustained over a lengthy period, the result is an internalized set of skills that, like the competence of the violinist, cannot be readily captured in verbal form.”

… Dr Brett Steenbarger, “The Psychology of Trading”

 

Also look at Malcolm Gladwell's thinking in "Outliers", You need to be at the right place at the right time and have 10 000 hrs training under the belt. Just to confirm his thinking, read Digging Deep and see how E Oppenheimer made his game, then think about Rupert, Jobs, Gates, Slim etc etc....they may be great but not nearly as great as simply having been in the right place at the right time.

[Mad Max]

Here is a link to something I found really important (well,  to me). I thought I knew support and resistance but when these guys explain it  , it now make perfect sense

 

 

[Plasma]

“Could it be that greatness in trading follows the same patterns observed among artists, scientists, and squash players? If so, one would expect the expert trader to have spent a sustained period of time immersed in the markets, following market action, practicing trading, and maintaining a high level of focus and concentration. These are the very same conditions that generate optimal implicit learning. Expertise appears to be gained by maximizing the number of learning trials and by maximizing one’s focus during these learning trials so as to extract the most learning possible. When this can be sustained over a lengthy period, the result is an internalized set of skills that, like the competence of the violinist, cannot be readily captured in verbal form.”

… Dr Brett Steenbarger, “The Psychology of Trading”

[Ninja]

I heard we're closed for a public holiday on Monday....

[bear catcher]

Gymbaby we should see a drop on monday,Ukraine situation not getting better Dow and SP broke through resistance.After hours action was really silly but thats trading. Same story when rest of markets went up we were lagging and when they were flat we powered up playing catch up. So my novice view is we will play catch up goiing down,selling will continue as investors could start taking profits.I see VIX allso high and that shows the market is worried.Well just my thoughts. Back to crystall ball to see if this was the top or this the slight drop before new highs??

[Shortboy]

Delta hope your account can carry the drop coming before the short covering,things not looking good. Added short 43885

I see my shorts from the last few days are starting to deliver some value tonight. 

[Argento]

You know A, you mentioned this opportunity a long time ago. Thanks to you I have found it to be a high probability play for scalping as well as avoiding opening shorts until after the event. Thx man!

Anything to help a fellow trading brother!

 

A

Edited by Argento, 25 April 2014 - 05:03 PM.

[Shortboy]

Traders closing their accounts before the weekend so in effect buying...!

 

Was 5 seconds!

 

A

You know A, you mentioned this opportunity a long time ago. Thanks to you I have found it to be a high probability play for scalping as well as avoiding opening shorts until after the event. Thx man!

[Argento]

Sorry A..You have a second to explain the rational behind a shor cover on a friday?

Traders closing their accounts before the weekend so in effect buying...!

 

Was 5 seconds!

 

A

[K~~]

Ok ALSI guys, I need to know, whats the call for for the next few days. 

Long or Short?

Holding short from 44400 already. Will add more at 44540-ish.. 

 

K

[Argento]

Ok ALSI guys, I need to know, whats the call for for the next few days. 

Long or Short?

Long, already positive divergence on the charts so this triangle got a target of 44570ish...then short!

 

A

[gamma]

Ok ALSI guys, I need to know, whats the call for for the next few days. 

Long or Short?

 

 

[delta66]

thanks..could keep trading points but wife keen to start weekend early..see ya all on the flip side!