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Hi Katherina, et al
Reference what you have said about learning as a newbie i.e.
"I'm interested in any other intensive "hands on" courses like this ."
You may find it useful to learn one market and for reasons which I found out
the hard way! I suggest you cut straight to the T-Bond market. In
September, I will have out a manual on trading (this market) and I hope it
would be a good way for you to learn, rather than spend thousands of dollars
on courses. Yesterday, I sent out a post to all those who had replied to me
about the availability of the manual and I print below an edit extract,
which I hope will give you some food for thought - on the basis of file and
remember!
* * * *
Naturally, I am delighted that so many people have responded about the
manual I am currently completing, entitled "A Hard Way To Make An Easy
Living".
The really quite considerable numbers of people who have inquired has made
me give up replying individually. My rate of response was getting
ridiculous, if the posts were to be sent within reasonable time - bearing in
mind all the other activities I have to attend to, over and above the prime
one of getting this manual out.
Therefore, I must apologise for having to send you a 'standard' reply,
without necessarily addressing any specific questions which you may have put
to me. The short, maybe glib, answer is that I trust the manual will,
eventually, answer all the questions! In the mean time let me say a few
things, which I hope will be helpful:
1. The manual is written for the newbie trader. From the very beginning
I have assumed that the person reading it knows little or nothing about the
subject. I make no apology for this, because there are many traders who
have been 'at it' for quite some while and quite clearly still knows little
or nothing. By the same token, those who know a lot or everything, will
gain from reading and confirming that they are on track.
2. The manual will be spiral bound so that it can lay flat, open at the
right page, while you are at your workstation. All the illustrations are
either on the left-hand page, facing inwards, or are centre spreads, with
the pages facing the same way, so that you do not have to keep moving the
book to follow from one page to the other - and back. (And from my spelling
of 'centre' you will appreciate that the language is English rather than
American!).
3. The methodology is surprisingly simple. Users of elaborate indicators
or complex systems may even get irritated, I'm afraid. Having said that, I
am not writing what I would describe as Ken Roberts Baby Language, nor
indeed is it the dry and awesome Tom Demark Verbiage. There is as much
writing on the annotated charts as there is on the pages of text. I believe
very much that a picture is worth a thousand words; but it is an even
better picture if all the main aspects on it are pointed out, clearly.
4. It is a working tool. It is designed to be as I would like to have
had it when I was a newbie. It is as I would like to see many other works
now. The illustrations are not hypothetical, they are drawn from working
charts, as they happened. They are not bits of charts; they are
wherever possible, whole charts showing the total action. To me, there is
nothing more irritating than price action being presented out of context.
For example, I received only yesterday a vendor's leaflet showing how some
indicator put one into a wonderful trade - but the next page (which I was
able to find on my machine) showed what really happened. Marvellous!
Well, I have tried very hard for that not to be the case with me - but the
flak will come later all the same...
5. I have tried to write it as a story that starts at the beginning and
ends at the end. I would urge people to read it that way. Old hands will
be tempted to skip chapters and try to get to the meat as fast as possible.
Resist! The method is very straightforward, but it does have a logical
sequence and if you are going to use it successfully, you are going to need
to do so in a controlled and logical fashion. You may - but not necessarily
at all - have to think afresh, but hopefully the newbie is going to learn
the right way from the start. This is a method, not a system. It works on
the T-Bonds, as will become self-evident. It may work on other markets, I
don't know. The T-Bonds is the T-Bonds and as far as I am concerned, that's
it.
Please keep in touch. As part of the exercise, I shall be having a web
page, in conjunction with DBC International (www.dbceuro.com), whose feed I
have, and hopefully this will become a place of learning for beginners and a
means of asking questions, exchanging ideas, etc.
With best wishes and happy trading
Bill Eykyn
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