Useful things I've found on the Net.

This is a discussion on Useful things I've found on the Net. within the General Trading Chat forums, part of the Reception category; A simple experiment might help me make my point. Next time anyone gets the urge to take a position in ...

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Old Mar 21, 2008, 2:49pm   #81
Joined Jan 2007
Smile FAO SPLIT...... please make Split aware of this post nine

A simple experiment might help me make my point. Next time anyone gets the urge to take a position in the market just stop for a moment. Bring up a chart or two of the relevant instrument. Now place yourself in two scenarios and answer the following two questions;
1 ) Imagine that you have recently gone long in this instrument where would you place your stop?
And...
2 ) Imagine that you have recently gone short in this instrument where would you place your stop?
Once you have identified the two stop areas you have identified an area where taking a trade is of much lower risk. It is of lower risk because you have found an area where temporary price deflection is likely to occur. In those areas the 95% are flushed out of their positions purely due to price this is where you can step in. Obviously, if you have supporting volume as well then you are more than likely onto a good thing.

Right I need some sleep!

Steve.


Hi nine

Hell that was late in the day, I had given up

Make sure Split sees this post please, thanks do not no how I missed it.

Good spot and by far the most useful and correct post / posts I have read in some time for actually making any money imho

Split that is correct imho = as good as your simple trendline post that day to me, that post made an impact on me because you made me re-examine everything again which did me the world of good.

We are quits Split its been a real pleasure posting with you and around you

thanks and adios amego, all the best

Off to the cavern to watch my ladddy boy play his Sax, then off on holidays for the next few weeks

Great posts Steve

Andy
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Old Mar 26, 2008, 4:50pm   #82
Joined May 2001
Thanks for reposting those. When I first posted them I hoped that it would open up a fruitful debate. Let's see if that occurs here. Once a few more comment then I can add more. I find these matters to be very interesting indeed.

Take care,

Steve.
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Old Mar 27, 2008, 4:39pm   #83
 
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Very interesting, indeed.

jj
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Old Apr 3, 2008, 4:19am   #84
 
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nine started this thread A little song to help you on your way:

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Old Apr 4, 2008, 1:39pm   #85
Joined Jan 2007
Thumbs up just seen this

Quote:
Originally Posted by nine View Post
A little song to help you on your way:

top post nine

Last edited by black bear; Apr 4, 2008 at 1:39pm. Reason: thumbs up
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Old Apr 4, 2008, 2:09pm   #86
Joined Feb 2007
[QUOTE=nine;414457]A little song to help you on your way:

lol he might as well be singing about me
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Old Apr 4, 2008, 3:38pm   #87
Joined Jan 2007
Smile sweet music for your ears

[QUOTE=rags2riches;415059]
Quote:
Originally Posted by nine View Post
A little song to help you on your way:

lol he might as well be singing about me

I will 2nd that Lol

lol lol

Could have Serenaded me on April Fools day for sure
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Old Apr 5, 2008, 2:33pm   #88
Joined Jan 2007
Smile Ordered the book, just got to read it after finding this on the net.....

found this when trying to get my hands on this much talked about book

you no ....................THE ZONE one

extract from interview

What about the third stage?
That’s the intuitive stage. My belief
is intuition comes from the creative part
of our brain. Creativity, by definition,
brings forth something that didn’t previously
exist. On the other hand, the
rational part of our brain contains everything
we’ve already learned, which
means, by definition, it already exists.
So the creative part that generates the
intuitive hunch or gut feeling can and
often is in direct conflict with the rational
part of our thinking process, simply
because creativity exists outside the rational
framework. The hunch or gut
feeling was perfectly correct, but because
it can’t be justified rationally, it
isn’t acted on. To trade intuitively on a
consistent basis, you have to learn how
to properly integrate the rational and
creative parts of your brain
.

I do that about once a year, maybe a bit more but usually manage to seperate the two brains and carry on as per usual

April Fools day = I did not and damaged a number of claws on the paw of one of my hands

Have put up the cash and bought the book, and I do not or have not bought many, always prefered to re-invent things for myself after loads of thought and a couple of mi-grains usually

To trade intuitively on a
consistent basis, you have to learn how
to properly integrate the rational and
creative parts of your brain


Above is the offending brain fart area that needs sorting imho being a discretionary trader 100% of the time.

Work in method/system like way but with discretion

see how it goes and report back later
Attached Files
File Type: pdf S And C - Mark Douglas Interview.pdf (75.6 KB, 372 views)

Last edited by black bear; Apr 5, 2008 at 2:36pm. Reason: typo
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Old Apr 6, 2008, 3:24pm   #89
Joined Mar 2007
Quote:
Originally Posted by black bear View Post
found this when trying to get my hands on this much talked about book

you no ....................THE ZONE one

extract from interview

What about the third stage?
Thats the intuitive stage. My belief
is intuition comes from the creative part
of our brain. Creativity, by definition,
brings forth something that didnt previously
exist. On the other hand, the
rational part of our brain contains everything
weve already learned, which
means, by definition, it already exists.
So the creative part that generates the
intuitive hunch or gut feeling can and
often is in direct conflict with the rational
part of our thinking process, simply
because creativity exists outside the rational
framework. The hunch or gut
feeling was perfectly correct, but because
it cant be justified rationally, it
isnt acted on. To trade intuitively on a
consistent basis, you have to learn how
to properly integrate the rational and
creative parts of your brain
.

I do that about once a year, maybe a bit more but usually manage to seperate the two brains and carry on as per usual

April Fools day = I did not and damaged a number of claws on the paw of one of my hands

Have put up the cash and bought the book, and I do not or have not bought many, always prefered to re-invent things for myself after loads of thought and a couple of mi-grains usually

To trade intuitively on a
consistent basis, you have to learn how
to properly integrate the rational and
creative parts of your brain


Above is the offending brain fart area that needs sorting imho being a discretionary trader 100% of the time.

Work in method/system like way but with discretion

see how it goes and report back later
thanks for that Andy,

not sure why people are having trouble getting hold of the book got mine from amazon a very good price and here 3 days later

also your above quote illustrates why it is so important that our trading system / methods fit with our beliefs about how markets work.

cheers bd.
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Old Apr 13, 2008, 6:10pm   #90
Joined Jan 2007
Smile Wow it really is like playing Snooker

Quote:
Originally Posted by black bear View Post
found this when trying to get my hands on this much talked about book

you no ....................THE ZONE one

extract from interview

What about the third stage?
Thats the intuitive stage. My belief
is intuition comes from the creative part
of our brain. Creativity, by definition,
brings forth something that didnt previously
exist. On the other hand, the
rational part of our brain contains everything
weve already learned, which
means, by definition, it already exists.
So the creative part that generates the
intuitive hunch or gut feeling can and
often is in direct conflict with the rational
part of our thinking process, simply
because creativity exists outside the rational
framework. The hunch or gut
feeling was perfectly correct, but because
it cant be justified rationally, it
isnt acted on. To trade intuitively on a
consistent basis, you have to learn how
to properly integrate the rational and
creative parts of your brain
.

I do that about once a year, maybe a bit more but usually manage to seperate the two brains and carry on as per usual

April Fools day = I did not and damaged a number of claws on the paw of one of my hands

Have put up the cash and bought the book, and I do not or have not bought many, always prefered to re-invent things for myself after loads of thought and a couple of mi-grains usually

To trade intuitively on a
consistent basis, you have to learn how
to properly integrate the rational and
creative parts of your brain


Above is the offending brain fart area that needs sorting imho being a discretionary trader 100% of the time.

Work in method/system like way but with discretion

see how it goes and report back later
Hi all

Read the Book

Why did no one post me and tell me to get this book to busy watching me re-invent It I guess using scrap loads of information

It is very good imho that good I am Scared, read it twice in the last 3 days because I could not believe I read it right the 1st time wrote and marked it all over and it looks like I have owned it years.

Trading is the same as playing snooker, the exact same problems and reading it explains..............................

To much

The guy is a the genuine article imho, a really great book in fact the best book I have ever read by a mile

Jimmy White would have been World Champion with no problem at all if he had met this guy in is mid twenties,

What a bl....dy shame

Latter all
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