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mike w replied Jan 6, 2010Point taken perfectly well, my good man. Thanks for provoking me into a new endeavor. I've tested quite a bit with this method, but I've never tested with tick volumes. Damn, I can't believe I haven't either.
The DIBS Method... No Free Lunch continues
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mike w replied Jan 6, 2010I like your style.
What have you found with the bollingers? Any interesting results? This is something that I have not yet tested with the method so I thank you for the thought.The DIBS Method... No Free Lunch continues
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mike w replied Jan 4, 2010Ah, I see what you mean. That's my bad man! I'd like to hear a thought From Jankone on those too. They might turn into something else to test.
Jankone M5 thread
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mike w replied Jan 4, 2010I wouldn't have considered that to be a pin bar my man. You want to see the open and close within the previous bar's body.
Jankone M5 thread
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mike w replied Dec 23, 2009Here's the question you need to ask yourself. If you didn't need the money and your job or business didn't pay anything, would you still do it? If not, then you're not in the right spot for your own life. For me, I'd trade if I had to pay to trade ...
Isnt a service career more satisfying then trading?
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mike w replied Dec 23, 2009Exactly. I enjoy my vacation and get back to it on the 5th. There's no need to be a mindless drone in this "factory".
Is holiday trading in thin markets good?
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mike w replied Dec 22, 2009Post #7133. The 72 sma is powerful in catching moves in the trend.
The DIBS Method... No Free Lunch continues
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mike w replied Dec 20, 2009James16, if taken seriously as said in the first post of the thread, will take you from nothing to trading for a living. It takes time (possibly years), although the man Benji's making it look like nothing after a short amount of time, to learn to ...
J16 questions
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mike w replied Dec 20, 2009For the most part, the elliot wave theory is bullshit when you start counting things that aren't there. For instance, price goes into a range and then what? You try to count out all the waves? I count waves quite a bit though and they are a solid ...
why people say Elliot is hard to learn?
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mike w replied Dec 19, 2009Exactly. Without other knowledge in the markets, if one were to hand you this method you'd probably still go bust. After watching for, oh say, thousands upon thousands of hours, things start to look a little differently though. BTW, I forgot to ...
The DIBS Method... No Free Lunch continues
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mike w replied Dec 19, 200910% on a million is a better income than 3/4th the country. Just sayin!
When mixed with a knowledge of S/R and price action, this method is solid. It's just that most people aren't willing to go through the work involved to test every ...The DIBS Method... No Free Lunch continues
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mike w replied Dec 17, 2009It's posts like this one, Aaron, that show me you're something apart from the endless crowd.
Being that one could write a book just on the psych aspect of this thread alone, I'm going to be reading it again and writing down everything ...james16 Chart Thread
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mike w replied Dec 15, 2009I'd like everyone to go back to post #438 again and read it thoroughly. Damnit, you're made of gold. Thanks again Peter. Look past the "rant" and you'll find a few pots in there that will bring you success folks. Have a good night. I just can't even ...
No Free Lunch but all the Free Coffee you can drink
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mike w replied Dec 14, 2009You have the wrong mindset right now man. Take what the market gives you. I remember I used to go for 100 pip trades, 200 pip trades, etc. only to have the market turn back against my position at 50 or so while I'm holding on waiting for that ...
Favorite method for securing MORE profit.
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mike w replied Dec 14, 2009I don't mean to highjack the thread, but I just want to say Tony Robbins is the man. I also really like this guy named sean stephenson. Youtube him if you never have. Stephenson is really motivational when you feel like giving up on something. "Get ...
The Reason why 95% Traders fail
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mike w replied Dec 14, 2009I can sum it all into one word for you my man. Perseverence.
The Reason why 95% Traders fail
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mike w replied Dec 14, 2009You do realize that 1000 dollar loss he talked about would have been like a 5 g' gain in a few days right? If that's not big enough, you're either a cracky or trying to impress women where your personality can't lol
is james16 really a successful trader?
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mike w replied Dec 13, 2009
Everybody gets the signal (for the most part). It's how you work it that makes you cash or breaks you.The Reason why 95% Traders fail
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mike w replied Dec 13, 2009aahhh that made my day haha btw, out of those 95%, how many are really traders? Not many. That statistic is BS in my opinion. Out of hundred, only 5 make it. What constitutes having made it? I know guys in the business who have a mental breakdown ...
The Reason why 95% Traders fail
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mike w replied Dec 10, 2009Like you said, I just wait for the market to tip its hand to me first. I like to see 4 hour price action before anything as price will often head towards one direction first only to gain the needed momentum to push through to the other side. I'm ...
james16 Chart Thread