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GO...
I wasn't trying to get you to justify your self. I know you know alot.
I have only done this thing part time for 10 years and have had 80 percent
losing
years. I have found that most people who are successful in this business the
hard way
have been doing it for probably over 15 years, made and lost several
fortunes. I am well
on my way to losing my first small fortune...
I am obviously not an intuitive trader, I have no truck with intuitive
traders or people born
into trading familys or people who are successful trading. I was having a
"gas" attack about saying you
were a trader, and implied you had no expectation, when your language belies
your experience as a trader to
expect to be really "a happy chappy" while a tight range is developing,
because your experience tells you so. eh?
If that is not forecasting something's "on the horizon", then I don't know
how that is different than Mr. McCabe telling
the Merrill Lynch crowd that currently we are in a "Calm before the storm"..
> still smiling,, "Gentle" Ox....
> and no i do not forecast,,just trade... and I am wrong until proved right
> read Ned Davis's book!
So your experience, your memory, your respect for your self, your
willingness not to put yourself in
danger, your stop placement are about trading. I would expect most
newbies, thing trading is trading an opinion, where
as you (Gentle Ox) are trading from experience. That is what I am getting
at. My point is that you have to forecast or
develope a reasoned or intuitive expectation in order to pick up the phone.
If its different then,
I am asking you to clarify.. I am not interested in tearing you down as a
person, I apologise that you interpreted what I
was writting about as a challenge that you had to say Phew..
So when you are proven "wrong". How do you deal with it? How do you
reconcile your expectation with the market being right.
This is what I am interested in.
Regards...
Don Thompson
To: <realtraders@xxxxxxxxxxxxxxx>
Sent: Tuesday, May 08, 2001 10:33 PM
Subject: Re: [RT] Tightening Ranges Make for Poor Results is WRONG
thinking..
> Phew.....
>
> Not that i have to justify myself....
> but here we go........
>
> Seventeen years in the Market as a professional
> Twenty five years in Total around the markets
> Consulted to major dealing firms in Australia going electronic
> Consulted to major trading companies on strategies with success's
> in the Millions Of dollars for them...
> Never a loosing year
> Spent a three year period where I pawwed over the market for in exxcess of
> 9360hours and I constantly refine and examine the markets and what I do..
> Have designed a handful of ground breaking proprietory indicators
> I am a guest Lecuturer at one of Australia's largest and Most Advanced
> Universities
> A number of my "personal friends are in the top ranking traders and money
> managers in the world
>
> do you get the picture or do you wish me to fill another three pages??
> just maybe I have an idea of the game?
>
> still smiling,, "Gentle" Ox....
> and no i do not forecast,,just trade... adn I am wrong until proved right
> read Ned Davis's book!
>
> Don Thompson wrote:
>
> > Sure, I know your a trader, how long have you been trading and studying?
You
> > said you started out in
> > high school.. How many hours have you poured over your charts, have you
put
> > in your time..
> > You can say you don't forecast, hey, I don't care. you still have an
> > expectation of an event that is to
> > happen out of a context. That is not much different than obtaining an
> > expectation out of a historical context eh?
> > My memory is a spread sheet of historical events, your memory is in your
> > head and and you have an expectation
> > of an event that will manifest at some point in time
> > eh? $teven???
> >
> > don :)
> >
> > ----- Original Message -----
> > From: "Gentle Ox" <enchant@xxxxxxxxxxxxxxxx>
> > To: <realtraders@xxxxxxxxxxxxxxx>
> > Sent: Tuesday, May 08, 2001 9:32 PM
> > Subject: [RT] Tightening Ranges Make for Poor Results WRONG
> >
> > > Forgive me I am not a forecaster.. just a trader!
> > > "Gentle" Ox..
> > > tightening ranges make for "Stellar" results......one man's rubbish is
> > another
> > > man's treasure!
> > >
> > >
> > > Don Thompson wrote:
> > >
> > > > Right, sure it can.
> > > > But if the probability of a forecast range high for today was
1275.10,
> > and
> > > > the forecast like for today called for about 85% chance of a higher
> > high.
> > > > and the higher high was made in the early am on a gap up, the higher
> > high
> > > > forecast has been full-filled at the forecast range of X on no news
and
> > the
> > > > net advances
> > > > were not really stellar. All I am saying is the News is probably
the
> > only
> > > > thing to move it up, or astro or geometry ... or Research makes it
move
> > > > up....
> > > > it trades down to a forecast low or a pivot and it moves up.
> > > > So if there is no news that is going be traded against, historical
> > > > probability if high enough will win. News always wins!
> > > >
> > > > Don
> > > >
> > > > ----- Original Message -----
> > > > From: "Gentle Ox" <enchant@xxxxxxxxxxxxxxxx>
> > > > To: <realtraders@xxxxxxxxxxxxxxx>
> > > > Sent: Tuesday, May 08, 2001 9:02 PM
> > > > Subject: Re: [RT] Re: .S&P Tightening Ranges Make for Poor Results
> > > >
> > > > > Don Thompson wrote:
> > > > >
> > > > > > . No New, why should it go higher?
> > > > >
> > > > > Because it can......?
> > > > >
> > > > > Stephen
> > > > >
> > > > >
> > > > > To unsubscribe from this group, send an email to:
> > > > > realtraders-unsubscribe@xxxxxxxxxxxxxxx
> > > > >
> > > > >
> > > > >
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> > > > >
> > > > >
> > > >
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> > > >
> > > >
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> > >
> > >
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> > >
> > >
> >
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