[dinarzan]

External link on this one, but this blog is huge and getting huger LOL
www.slopeofhope.com
Look for posts by Tim Knight, Moo, 2sweeties

Another excellent one
http://traders.retracementlevels.com/

Also
www.evilspeculator.com

Hope this helps!

[phreddy]

Originally Posted by OAC »

This is a free site with tons of valuable information. What we have here is a newbie who is already complaining although i will bet he or she never even read any of the posting yet. He is exactly the type who will scoop up $5000 for some vendor who promise the holy grail.
This thread is totally worthless, I say we should close it down !

A bit harsh OAC, I hadn't seen how old this thread was until I decided to answer you. Glad you didn't close it.

The 95% argument is specious and best ignored: nobody has the data so nobody has the answers. Pareto may well be the answer. IMHO

All these trading fora encourage the hunt for the 'Holy Grail' simply by being here. Hell, I'm looking for it too like a little Sir Galahad.

This thread has served its purpose in that it has pulled some useful references for us.

[OAC]

Originally Posted by TradeRunner »

What about the other 95+% well these are also worth reading for different reasons as these are the people you need to extract money from.

Think about it., and think hard. Who would make a statement like that ?
My answer? A S-----.

[jonbig04]

I think there is a holy grail- discipline.

[xracer]

Yeah, discipline + good information can give you amazing results. DbPhoenix's and jperl's posts are solid, filled with useful info, and attract many top posters.

I have no idea whether these links are to people who are successful traders. Their messages strike me as being different and their underlying message is that your are going to have to do most of the work yourself.

[DbPhoenix]

Originally Posted by mifgjkar »

I have no idea whether these links are to people who are successful traders. Their messages strike me as being different and their underlying message is that your are going to have to do most of the work yourself.

This should come as no surprise. While the truth may lie in price movement, there are many routes to that truth, some simple and straightforward, some more circuitous. But if that destination is their goal, they all get there one way or another, sooner or later.

As to your having to do most of the work yourself, what did you expect? If you ever encounter anyone who says they can do it for you, make sure you keep your wallet in your pants.

As to whether or not we're successful, that's an easy one. Do the maps we provide guide you toward the destination? If they don't, that's all you need to know, and it didn't cost you a thing except time.

[jonbig04]

For me, I look at traders who are successful, and just try to do what they do. I am lucky enough to be able to interact with quite a few great traders on a daily basis. It has helped me because I don't waste my time trying to learn things that they don't know...because obviously my time is better spent concentrating on things that they concentrate on. I look at what they look at. There is a lot of stuff here on TL that is very interesting, but seems a bit superfluous in the context of things you need to learn to become a good trader...I don't know, I guess I was am just looking for the shortest route possible to "mastery". I now focus on price action and discipline. That's it. I'm sure some people are successful with indicators, more power to them, but I know they aren't necessary (and can be sometimes harmful), so why bother with them? Its funny when I'm in the TL chat because sometimes people post charts in there that look like they could be on the panel of an air-traffic controller lol, don't get me wrong if that works for you then great! To me it just seems like a lot of extra effort on things that aren't really necessary. I've learned to keep it simple. Also, some of the best advice I got was from DB's book; we don't have to master PA all at once, just focus on one aspect and study that. Don't worry about everything else. I also noticed a thread here on TL where people are analyzing (and doing a very good job) charts, and the analysis seemed to take up a whole page! It is interesting and well thought out, but when I trade I have a plan. I know where my potential entries are, I know why and I know the probability of the expected outcomes. When price gets near those levels I pay very close attention, but as for everything else-I completely ignore it. I think its unnecessary to try to describe and determine a picture of supply and demand for a whole chart, because it seems overwhelming to trade the whole chart. I pick my setups and watch price there, everything else is just noise to me. Once again this is behavior I picked up from the traders I emulate and is all just my noobie 2 cents.