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  • #892,881
  • Apr 28, 2014 12:51am Apr 28, 2014 12:51am
Quoting disegnosys
{quote} Good stuff and I do this style of trading a lot. Cheers!
Its basically a chess game

Play it
Chess.com
Why? Your brain is your motor.Chess teaches Timing,Attack,Defense,Sacrifices,Mate,Strategy,Planning,Execution but foremost what does the opponent do?(market)
Then you devise plan to destroy it
Funnest game there is.Benefits? you build new neurons...new connections. Studies show people who do word puzzles play mind games are less likely to develop
memory loss.
Do it My favorite hobby is trading drunk and playing chess drunk...
In trading, you have to be defensive and aggressive at the same time
  • #892,882
  • Apr 28, 2014 12:52am Apr 28, 2014 12:52am
Quoting Davit
{quote} I learned a lot from actual traders like Alan Jankovsky 25year veteran Trader http://www.youtube.com/watch?v=z29QwC4s7Cg and Whoever tells you you can't pick Tops and Bottoms just tell them buzz off.Just because you can't does not mean it is not doable Watch this specially at 10min mark "losers are always late to the trade"
Interesting theory. However, I take a different approach. There is only one sure thing about this market. No matter what time of the session, day, week or year or support/resistance level, etc. it happens all the time, for sure. All one needs is to know what that happening is and then manage his/her risk. This is all. This is surest path to Holy Grail.

I think losers are too early to jump the gun and too late to realize that.
The Thief of Wall Street
  • #892,883
  • Apr 28, 2014 12:54am Apr 28, 2014 12:54am
Took a long here, expecting gap to be filled before going anywhere. on 4h it seems to be stuck in the middle of the range
  • #892,884
  • Apr 28, 2014 1:05am Apr 28, 2014 1:05am
Quoting Chicky
{quote} Interesting theory. However, I take a different approach. There is only one sure thing about this market. No matter what time of the session, day, week or year or support/resistance level, etc. it happens all the time, for sure. All one needs is to know what that happening is and then manage his/her risk. This is all. This is surest path to Holy Grail. I think losers are too early to jump the gun and too late to realize that.

So much more as well. As Jason Alan says " losers are always LATE TO THE TRADE"
This means by the time they have all "confirmations" Game is already done!
For Example
I was shorting NU from 86+ I knew based on fundamentals and history 86 is high 87+ is monumental high
But I had idiots calling 90 to 1.00 parity (one is on my ignore list)
Failing to understand significance of opertunity.Instead they waited for Confirmation and price is back to 8580 support zone so move is gone.
Example why one must look at price from multiple angles.
In trading, you have to be defensive and aggressive at the same time
  • #892,885
  • Apr 28, 2014 1:12am Apr 28, 2014 1:12am
Quoting Davit
{quote} Its basically a chess game Play it Chess.com Why? Your brain is your motor.Chess teaches Timing,Attack,Defense,Sacrifices,Mate,Strategy,Planning,Execution but foremost what does the opponent do?(market) Then you devise plan to destroy it Funnest game there is.Benefits? you build new neurons...new connections. Studies show people who do word puzzles play mind games are less likely to develop memory loss. Do it My favorite hobby is trading drunk and playing chess drunk...
Do you also date drunk women?
A word to the wise ain't necessary - it's the stupid ones that need advice
  • #892,886
  • Apr 28, 2014 1:16am Apr 28, 2014 1:16am
Quoting Nocturnes
{quote} Do you also date drunk women?
my wife loves drinking as well
In trading, you have to be defensive and aggressive at the same time
  • #892,887
  • Apr 28, 2014 1:25am Apr 28, 2014 1:25am
Quoting Davit
{quote} Its basically a chess game Play it Chess.com Why? Your brain is your motor.Chess teaches Timing,Attack,Defense,Sacrifices,Mate,Strategy,Planning,Execution but foremost what does the opponent do?(market) Then you devise plan to destroy it Funnest game there is.Benefits? you build new neurons...new connections. Studies show people who do word puzzles play mind games are less likely to develop memory loss. Do it My favorite hobby is trading drunk and playing chess drunk...
LOL! I never played chess drunk but, have been playing chess since I was 6 years old.
  • #892,888
  • Apr 28, 2014 1:29am Apr 28, 2014 1:29am
Quoting Davit
{quote} my wife loves drinking as well
LOL! I would hope my wife would get drunk... to be an easy target later.
  • #892,889
  • Apr 28, 2014 1:32am Apr 28, 2014 1:32am
Quoting Davit
{quote} my wife loves drinking as well
Attached Image
A word to the wise ain't necessary - it's the stupid ones that need advice
  • #892,890
  • Apr 28, 2014 1:37am Apr 28, 2014 1:37am
Quoting disegnosys
{quote} LOL! I never played chess drunk but, have been playing chess since I was 6 years old.
Lot of things about alcohol is misunderstood
When you drink 1 drink and play chess you'll notice your right side of brain creative side is more active.You become creative,daring,less inhibited
(as a footnote Donchian whom I love traded often drunk still made millions)
and make moves even surprise yourself (this is very common among musicians and artists hence why lot of them drunk while creating)
As you drink more your neurons start firing less hence your cognitive functions diminish....

Not advocating to pick up drinking but according to American Heart association glass of red wine a day is good for your health.(does not have to be wine)
In trading, you have to be defensive and aggressive at the same time
  • #892,891
  • Apr 28, 2014 1:39am Apr 28, 2014 1:39am
Quoting Nocturnes
{quote} {image}
In trading, you have to be defensive and aggressive at the same time
  • #892,892
  • Apr 28, 2014 1:41am Apr 28, 2014 1:41am
Quoting Davit
{quote} Lot of things about alcohol is misunderstood When you drink 1 drink and play chess you'll notice your right side of brain creative side is more active.You become creative,daring,less inhibited (as a footnote Donchian whom I love traded often drunk still made millions) and make moves even surprise yourself (this is very common among musicians and artists hence why lot of them drunk while creating) As you drink more your neurons start firing less hence your cognitive functions diminish.... Not advocating to pick up drinking but according to...
didn't doctors advice Smoke in 50,60's ?
Mohan
  • #892,893
  • Apr 28, 2014 1:43am Apr 28, 2014 1:43am
EA H4 M15

Bounce zone ...
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  • #892,894
  • Apr 28, 2014 1:44am Apr 28, 2014 1:44am
Quoting mohan76
{quote} didn't doctors advice Smoke in 50,60's ?
Now they find dope smoking very beneficial
Colorado just made it legal
Colorado began allowing the sale of recreational marijuana on January 1 to anyone age 21 or older.
Residents can now buy marijuana like alcohol -- except the cannabis purchase is limited to an ounce, which is substantial enough to cost about $200 or more.
It's a big moment: Colorado became the first state in the nation to open recreational pot stores and became the first place in the world where marijuana will be regulated from seed to sale

A 2006 study found that marijuana can block an enzyme that is behind the progression of Alzheimer's. It also prevents "protein clumps that can inhibit cognition and memory."
http://www.policymic.com/articles/84...ical-marijuana
In trading, you have to be defensive and aggressive at the same time
  • #892,895
  • Apr 28, 2014 1:52am Apr 28, 2014 1:52am
Quoting Davit
{quote} Lot of things about alcohol is misunderstood When you drink 1 drink and play chess you'll notice your right side of brain creative side is more active.You become creative,daring,less inhibited (as a footnote Donchian whom I love traded often drunk still made millions) and make moves even surprise yourself (this is very common among musicians and artists hence why lot of them drunk while creating) As you drink more your neurons start firing less hence your cognitive functions diminish.... Not advocating to pick up drinking but according to...
Interesting and I'll have to try that. May be not needed though because I'm a lightweight with drinking, a laid back easy going guy, left handed (creative already), and detail oriented. So being a IT computer consultant creating software and solving and fixing problems all day fits me well. Hum... I think this means I was born drunk.

No trades yet and waiting to see what develops.

Cheers!
  • #892,896
  • Apr 28, 2014 2:07am Apr 28, 2014 2:07am
Short GJ 172.048SL 7 pip Above Today,s High
A good trader follows his rules, but great trader knows when to break them
  • #892,897
  • Apr 28, 2014 2:08am Apr 28, 2014 2:08am
e/u:
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More on my Blog...
  • #892,898
  • Apr 28, 2014 2:13am Apr 28, 2014 2:13am
Quoting Davit
{quote} Now they find dope smoking very beneficial Colorado just made it legal Colorado began allowing the sale of recreational marijuana on January 1 to anyone age 21 or older. Residents can now buy marijuana like alcohol -- except the cannabis purchase is limited to an ounce, which is substantial enough to cost about $200 or more. It's a big moment: Colorado became the first state in the nation to open recreational pot stores and became the first place in the world where marijuana will be regulated from seed to sale A 2006...
Is it good for scalpers?
The Thief of Wall Street
  • #892,899
  • Apr 28, 2014 2:14am Apr 28, 2014 2:14am
If someone wants to catch a falling knife, it is the right time.

Moved sl to BE plus few.
The Thief of Wall Street
  • #892,900
  • Apr 28, 2014 2:19am Apr 28, 2014 2:19am
Quoting Chicky
{quote} Is it good for scalpers?
could be calm the nerves ...
In trading, you have to be defensive and aggressive at the same time
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