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I would like to take this time to introduce to you the course outline
for the upcomming session . Just so everyone has an outline of some of
the topics discussed we are presenting it as follows.
The course is now being held in hotcomm so you can see my chart setup
examples and learn accordingly.. currently hotcomm is free for you to
use. I have provide payment for you for free. With trainin in the
hotcomm area you can actually see the setups on my screen as they
happen to reinforce your training consensus 100 percent. It is truly
an amazing training tool. Our students recieve daily success and are
becomming confident traders with success in a very short time frame. (
the discipline is always up to you)
The course amount is 1000 dollars and you can email me for payment
details as well
( with the course fee there is a unlimited membership included and you
can stay for daly technical analysis for as long as you like) after
the month long course!!!!
We trade using only support and resistance and we use no indicators (
but we also know whos buying and or selling and at what price this is
key)
Throw out your dang indicators they do not work.!!!!!!!!!!!!
.
1. Introduction to the proper importance of the basics. ( to get you
started)
2. Winning traders psychology ( continuous for the entire month ,what
seperates you
from the loosers, eliminating scalpers mantality).Daytraders
Academy (Course Curriculum)
3. Risk management techniques.
4. Money management techniques.
5. Trade management techniques. (Proper stop loss. Locating and
working towards
price magnets for entrys and of course for exiting at a profit)
6. The proper usage of a day to day trendline.
7. The importance of the number 3 in daily action.
8. The proper usage of candle sticks.
9. Why Fridays are key balancing days.
10.Continuation Setups
11.Reversal Setups.
12. The Proper interpretation of overnight action (YOU WONT WANT TO
MISS
THIS !!!!!!!!)
13. Swings
14. Extensions
15. Spikes and Seekers
16. Pipeline Trades
Now For The More Advanced Material
1. How to play the absolute daily range. (typically 10-15pts)
2. Time and price
3. Price magnets for entry and exits.
4. How to locate a 10 point +++ trade. (and enter with a one point
stop.)
5. Getting on the right side before the news.
6. Position trading. 20-40 point trades with one point stops.
7. The big market picture and elimination of small trade mantality.
8. Where the big money is buying and selling.
9. Price Projections for entrys and exits.
10. Putting it all together and resolving previous trading mistakes.
11. How to interperet the next days action.
12. How to interperet a range day as its happening not after!!!!!!
AND THE LIST GOES ON AND ON
#100 The Celebration
If you have any additional questions please feel free to pm me or
return email.
ACE
Dave <[EMAIL PROTECTED]> wrote in message news:<[EMAIL PROTECTED]>...
> Linda's stuff NEVER works??? NEVER??? Not even once??? I've adapated
> and modified some of her stuff (actually, a lot of her stuff is pretty
> commonly used by a lot of people). Some of her stuff should be
> disregarded out of hand if you're day trading. No surprise there:
> many methods that work in position and swing trading don't work in day
> trading (why can't people get that through their heads?)
>
> If you're looking for a completely mechanical "system", then be
> prepared for large draw downs and mediocre win/losss rations.
>
> Look, folks... here's a very simple concept: trend following methods
> don't work if the market isn't trending (and on an intra day basis, it
> only trends about 1/3 of the time). Most, if not all, *systems*--even
> the better ones--entail draw downs that most of us can't tolerate (at
> least I can't, and most traders that I know of can't).
>
> Here's another one: the *context* of the market will determine
> whether or not a certain pattern/indicator/signal is likely to work.
> If you're trading MA crossovers in a market that is not trending, or
> is flat and choppy, you'll get creamed. If you try to use a
> retracement method in either a choppy or runaway market, you'll never
> get into a trade. Patterns, indicators and methods don't work if they
> are not in *context* with the market's current mode.
>
> Why people insist on trading the market according to some statistical
> or mathmatical model is beyond me. The market is a composite of
> thousands of opinions, fears, greeds, panics, hopes, foibles, etc.
> Does anyone really think this can all be neatly fit into a model or
> system? Let me say this outright: I know of NO trader who has lasted
> in this business using a completely mechanical system....none. And
> I've been trading since 1974 (futures since 1994). There may be some
> out there, but I don't know of them.
>
> One of the best (if not THE best) traders/teachers I know of uses a
> very good methodology which encompasses entry points, protective
> stops, initial exit points (he trades multiple contracts)...the whole
> nine yards. But even he will often not take a trade via his
> methodology if the market context doesn't support it. And when he
> does, he's fully cognizant that it's a *counter* trend trade, and
> keeps his stops and targets tight, accordingly.
>
> Keep this thread going.... it's good stuff.
>
> Dave
>
>
>
> On 29 Nov 2003 03:54:48 -0800, [EMAIL PROTECTED] (consuming)
> wrote:
>
> >> Linda Raschke-Last I heard, she was running a couple of off-shore
> >> funds... so she must be trading. Also her live chat room gives real
> >> time trades. Whether she takes them or not, I don't know. What's
> >> important though, is if they "work". Generally, they do more often
> >> than not, but certainly not to 100%. While I don't necessarily
> >> agree with all of her strategies or entry/exit points, I don't think
> >> she's a charlatan. I thought her writings in "Street Smarts" were
> >> very good.
> >
> >The stuff in "Street Smarts" doesn't work.
> >She NEVER, EVER gives "exits"
> >Besides, tha's no way to trade. You can ONLY make consistent profits
> >if (among other things) you trade mechanically AND have in place a
> >comprenesive position sizing nad risk management method. He shows
> >nothing on those areas. Most certainly she knows nothnig about that!
> >
> >> Robert Miner - His course material is good, and has even been adapted
> >> (read "stolen" ) by an advisor in TradingMarkets.com. My biggest
> >> issue with him is that he believes in time-cycles and I don't. His
> >> stuff on market action (pretty much Elliot stuff) is good though.
> >
> >Same thing.
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