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Hello Earl,
I'm tired of both of you...please stop this infatile banter...and get
back to posting trading conversations...you both are acting like jerks
at this point.
you wrote:
> I submit that you posted a market opinion rather than a (day) trade which includes entry, stop and price objectives. I added some comments from the perspective of different techniques, some of
> which were supportive and some of which were not. In no way did I criticize or make snide comments regarding your methods of trading or your perspective. Further, I will note that it was my post on
> 14Jul at 0757 which mentioned the possibility and danger of a spring/outside bearish reversal hours before it occurred. Finally, seem to be under the mistaken opinion that you are the only person
> who day trades bonds. I have posted a number of my bond day trades (including entry, exit and objective) in real-time as well as charts and other commentary utilizing 5 and 10 minute charts. I
> frequently use day trades in what I believe to be the general direction of the trend in the hope of converting it to a position trade. While I prefer position trades across a number of markets, my
> activities are dictated by perceived opportunities along with risk/reward so position trading tends to ebb and flow. If I am spending time watching the intraday charts, I have no hesitation in
> getting paid for my time by putting on day trades with or against the trend.
> Earl
> ----- Original Message -----
> From: T-Bondtrader
> To: eadamy@xxxxxxxxxx ; realtraders@xxxxxxxxxxxxxxx
> Cc: Boggio, John
> Sent: Tuesday, July 18, 2000 8:40 AM
> Subject: Re: [RT] Re: $1,000 day on the Bonds...
> With regard to my last post, all I wanted to convey was that I posted a straightforward, uncluttered chart show the breakout of wedge and the 2-bar reversal, which, as I stated, in accordance
> with my rationale should lead to lower prices.
> Everyone on the list knows that I am a day trader and that is as far as the post went - a day trade. In the event, what I said would have been helpful to anyone who followed my timely
> conclusions, before the market had opened, and had shorted bonds on Monday.
> My post did not call for your elaborate response. The point I was making, as an answer to it, was that to day trade does not, in my view, require the sort of complicated process you seem to go
> through. Simply reading the price action is very often all that is needed, as was demonstrated very clearly with this example.
> I appreciate that you are quite entitled to your views and you do have something to say about many markets and many aspects of them, and you do an awful lot of posting. However, I believe you
> once stated you were not a day trader, and I believe you; so I don't know why you always want to have something to say about my posts. And now you are going on to make remarks about Ira's posts.
> Perhaps you are having a rather hot summer or something...
> Anyway, perhaps if we agree to disagree, the list can be left to benefit - without rancour from either of us - from your position plays on many instruments and from my day trading on just the
> one...
> Bill Eykyn
> www.t-bondtrader.com
> "Learn to read the tape"
> ----- Original Message -----
> From: Earl Adamy
> To: mailto:<realtraders@xxxxxxxxxxxxxxx>"List-RealTraders
> Cc: Boggio, John
> Sent: Tuesday, July 18, 2000 11:45 AM
> Subject: [RT] Re: $1,000 day on the Bonds...
> Bill, I am awfully tired of your snide attacks on my postings. If you have something constructive to share, then share it. If you don't have anything constructive then exercise self restraint
> and don't exercise your need to put someone else down.
> Earl
> ----- Original Message -----
> From: T-Bondtrader
> To: realtraders@xxxxxxxxxxxxxxx
> Sent: Monday, July 17, 2000 12:12 PM
> Subject: [RT] $1,000 day on the Bonds...
> If you read the immediate responses on my brief post, before the market opened, you will see just how complicated it must be to trade on an analytical and fundamental basis, as a position
> player. Just consider the thought and maths that went into them...!!!
> For me, as a daytrader, I saw the pattern, saw the 2-bar reversal, checked a few other basic points of support and resistance, added two and two and, as it were, then read the tape. No
> incredible workings out about this or that wave, what the fundamentals were doing with bonds or elsewhere - simply, on what you could see on the chart, what was the market pretty likely to be doing
> today, Monday....
> Well, I have not been sitting in front of the machine today, or I would be up a big point a contract now and feeling it was time to pull the plug and pull a pint. As it is my puts are up by
> somewhat less because of all the factors that affect options and which do not affect futures...!!) Still, I have cashed in to make a free trade, so might as well let them ride for the time being.
> But day trading, reading what the chart says it is doing, has to be, for me, the most profitable way of collecting your daily bread, without too much risk or fuss...
> Study the attached chart, which was put on the list before the market opened and you will see that it does not take a gargantuan brain to imagine what it has done, and that what it has done
> was what it was most likely to do... After that it was just a matter of applying a decent r/r/r and QED!
> As for guessing the outcome of the Report tomorrow.... as far as I am concerned that is gambling. Far, far better to let the market tell you, show you, and then make your move by reading
> the price action in front of you and taking it from there...
> Bill Eykyn
> www.t-bondtrader.com
> "Learn to read the tape"
--
Chow,
Mark
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