Non-Chatroom

[Non-Chatroom]

We're using carrier pigeons.

[Is Trading Just Another Road to Enlightenment, That is the Question?]

The path to mastery in any field of endeavor, is a path to enlightenment.

[Obama Wants Energy Speculator Crackdown]

According to this video Morgan Stanley is one of the biggest energy speculators.

 

http://www.cbsnews.com/video/watch/?id=4713382n

 

 

And the last paragraph of this article basically points to that claim.

 

http://www.bloomberg.com/apps/news?pid=newsarchive&sid=azM1UG4fWBsU

[Whose Posts Are Worth Reading?]

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.

[A Second Bailout???]

Pandora's box has been opened.

[Topic Of The Month November, 2008]

I found this post on "Exits and Scale-outs" interesting and have nominated it accordingly for "Topic Of The Month November, 2008"

[Value Area Divergence]

Hey guys, I’m new to Market Profile, and during my recent studies I noticed a value area divergence that coincides with a volume divergence that happened on 10/27/08 in the ESZ8 daily chart. (See attached)

 

Is this a common Market Profile signal, and is there already a thread on this that I missed?

 

Thanks,

xracer

 

 

[Book Recommendation]

There are many good books out there, and on your journey to be the best trader you can be, you'll most likely always have your nose a book.

 

From the very beginning, you should be reading books that will teach you how to trade markets based on price action alone (no indicators). This is analogous to driving a car with a stick shift. You'll have a better understanding of whats going on, and have much greater control over your trading no matter where your journey later takes you.

 

On this site do a search for a trader called "DbPhoenix", and look for the free "introduction/ebook" on his blog. To get the full version, contact him directly.

[IB Intraday Margin's Gone for a Few Days.]

I am really happy that they do it.

 

Why?

 

Because they are not protecting me from myself - they are protecting me from every idiot in the customer base. And, despite the test, there are plenty of fools with IB, just not as many as with some of the low capital low margin outfits.

 

 

I agree. During times like these where many people tend to blow up their accounts, I feel much better about having assets at a firm that's doing what they feel is necessary to stay in business.

[Chat Junkies]

Hey Guys,

 

The menu bar seems to be missing the link to the chat room. Until it's fixed enter here:

 

http://www.traderslaboratory.com/tlchat/rooms.php

[Chat Junkies]

I agree with POP's rule about pressing your winners. How many parts should you divide your max position by?

[Chat Junkies]

I like this idea.

[TL Joke Thread]

A sales representative, an administrative clerk, and their manager are walking to lunch when they find an antique oil lamp.

 

They rub it and a genie comes out in a puff of smoke.

 

The genie says, "I usually only grant three wishes, so I'll give each of you just one."

 

"Me first! Me first!" says the admin clerk.

 

"I want to be in the Bahamas, driving a speedboat, without a care in the world."

 

Poof! She's gone.

 

"Me next! Me next!" says the sales rep.

 

"I want to be in Hawaii, relaxing on the beach with my personal masseuse, an endless supply of pina coladas and the love of my life beside me."

 

Poof! He's gone.

 

"OK, you're up," the Genie says to the manager. The manager says, "I

want those two back in the office after lunch."