Recent content by shotgun77

I use tick chart. I was using the equiv of the 30 second but lately I've been looking at the equiv of a 1 minute. What the actual tick count is will vary a lot depending on the instrument -- anywhere from 20 to 300.

I've never bought into the zero-sum game theory but my understanding is limited. Some traders even say it is negative sum once you throw in commissions and other costs. It doesn't affect my trading so I never think about it. But I guess it says one side is the loser and the other side is the...

I think that IRB looks like a micro-micro H&S top on the pullback to the angular line/ema.

Ran across this about the low volume in the forex. SMB blog post

My thanks added to above.

@stehlikpetr Instead of a chair, you may want to consider a standing desk. That is supposed to be healthier for you. And may keep you more alert. Some standing desks have a motor so they can be easily lowered and raised throughout the day. @matty_dunn I think your idea to set specific daily...

The job is not to take trades. It takes a long time to learn that. And everyone has a "relapse" every now and then. My concern is that you seem to be developing bad habits. Those bad habits are going to be awfully hard to break. You have to accept what the job is -- managing risk. You can...

Obama speaking at 12:05, Boehner at 12:45. Could have news reaction. ET time so 15 min from now

@BLS, your first chart looked good to me and I didn't like the 2nd chart. But it was the exact opposite that actually worked. Hmmmm. Some studying to do.

@virtuesoft Amazing discipline! How do you keep yourself from getting bored? Or what do you do when bored?

I think you entered on a tease break. The real break came 2 bars after your exit. An aggressive entry would have been when the H&S break failure. That is where you see the doji, then the small-bodied bar with the long lower tail, then another doji. Dojis had equal highs so you could have...

Thank you again, Bob and BLS. Much appreciated! It looks like stehlikpetr caught one of Bob's and considered another one at the beginning of the week. I updated my noted based on weeks 45,46,47. Not much added. Search the doc for those numbers to see the updates.

In your first chart, do you think that angular line break was too high up from the low of the pullback? In most of Bob's charts where he shows an angular line, its break is coming at the low of the pullback for longs. In a few, it is not the exact low but a slightly higher low. In yours, you...

@cha-ching Nice job on the retracement.pdf

@YMoca Who's your datafeed on the 6E?