MrPaul

If you enjoyed one of those speakers over another, here is additional presentations by each of them... (click this link) http://www.hotcomm.com/virmeetCID_EWP_ARCHIVE.asp?CID=YMDZYQ&UAPW=XAAQ2X&MID=DATTGR&UID For Doug Hirschhorn explaining "The Fear of Missing out" use Event ID - BTHUAC For Denise Shull explaining "The Truth about Impulse Trades" use Event ID - QY4MZR For Brett Steenbarger's take on "The Structure of Emotions and Markets: Capturing Market Micro-Psychology" use Event ID - E7QA4B

Watch three renowned experts in the field: Brett N. Steenbarger, Ph.D., Doug Hirschhorn, Ph.D., and Denise K. Shull, M.A. conduct a no-nonsense discussion and answer questions about what it really takes to attain peak performance electronic trading This is well worth taking a couple hours to watch/listen... http://www.cme.com/edu/events/od/peakperformance.html#video

Chad this is exactly what I was looking for. Thank you so much for your time! I look forward to anything else you have indeed... Paul:cool:

Chad, Thanks for your reply, I was looking for something like a single profile built off all the 30-minute bars of the last couple years (and encompassing the last couple years). Really a set of 6 month profiles over 2 years ( 4 profiles ) is exactly what I was looking for. I wasn't sure whether the cash or futures data was the most accessible so either would work. Thanks a lot! Paul:cool:

This is getting pretty hairy Fed:doh:USD:doh: stocks:doh: sub prime loans:doh: BSC for $2 :doh:

Hey does anyone have market profile charts of the INDU or S&P over the last couple years? Something like a blended profile, or a series of them?

Thank you very much for these concise notes!

btjunkie is pretty good

Nice! Thanks for the link:cool:

Brownsfan great thread... Have you considered diversifying across different asset classes and time frames? I have found that venturing into markets im not totally familiar with and devoting some of my time to developing an edge in that market keeps me on my toes. Same with timeframes. In essense my motivator is confirming the fact that I could go into any market on many diferent timeframes and make money consistantly. This to me is really important...

It's difficult to pick just one considering that there has never been a comprehensive enough book ever published. But to take a stab I would say... Mind Over Markets I say MoM because it teaches one critical element of successful trading and that is latteral thought.

Thanks for sharing that with us James!

cool post, amazing to think of the advances we'll all see during our lifetimes...

dandxg, You may like to look into using monday and tuesday's range on the Ags as an IB for a big picture perspective.

Here's an excellent blog post from Ray Barros regarding some Market Profile concepts http://tradingsuccess.com/blog/normal-range-in-the-market-profile-213.html If you haven't heard of his blog it's certainly worth checking out! http://www.tradingsuccess.com/blog/

Alright!

A great blog post by Charles Kirk Although I remember reading the interview many years ago, I so much enjoyed it again. His perspectives about trading are unique and offer wisdom that you won’t find anywhere else. Here are just a few quotes that I think you’ll enjoy: * "If a betting game among a certain number of participants is played long enough, eventually one player will have all the money. If there is any skill involved, it will accelerate the process of concentrating all the stakes in a few hands. Something like this happens in the market. There is a persistent overall tendency for equity to flow from the many to the few. In the long run, the majority loses. The implication for the trader is that to win you have to act like the minority. If you bring normal human habits and tendencies to trading, you'll gravitate toward the majority and inevitably lose." - William Eckhardt * "It's much easier to learn what you should do in trading than to do it. Good systems tend to violate normal human tendencies." - William Eckhardt * "One common adage on this subject that is completely wrongheaded is: you can't go broke taking profits. That's precisely how many traders do go broke. While amateurs go broke by taking large losses, professionals go broke by taking small profits. The problem in a nutshell is that human nature does not operate to maximize gain but rather to maximize the chance of gain. The desire to maximize the number of winning trades (or minimize the number of losing trades) works against the trader. The success rate of trades is the least important performance statistic and may even be inversely related to performance." - William Eckhardt * "The people who survive avoid snowball scenarios in which bad trades cause them to become emotionally destabilized and make more bad trades. They are also able to feel the pain of losing. If you don't feel the pain of a loss, then you're in the same position as those unfortunate people who have no pain sensors. If they leave their hand on a hot stove, it will burn off. There is no way to survive in the world without pain. Similarly, in the markets, if the losses don't hurt, your financial survival is tenuous." - William Eckhardt * "I know of a few multimillionaires who started trading with inherited wealth. In each case, they lost it all because they didn't feel the pain when they were losing. In those formative first few years of trading, they felt they could afford to lose. You're much better off going into the market on a shoestring, feeling that you can't afford to lose. I'd rather bet on somebody starting out with a few thousand dollars than on somebody who came in with millions." - William Eckhardt * "In many ways, large profits are even more insidious than large losses in terms of emotional destabilization. I think it's important not to be emotionally attached to large profits. I've certainly made some of my worst trades after long periods of winning. When you're on a big winning streak, there's a temptation to think that you're doing something special, which will allow you to continue to propel yourself upward. You start to think that you can afford to make shoddy decisions. You can imagine what happens next. As a general rule, losses make you strong and profits make you weak." - William Eckhardt * "If you're playing for emotional satisfaction, you're bound to lose, because what feels good is often the wrong thing to do. Richard Dennis used to say, somewhat facetiously, "If it feels good, don't do it." In fact, one rule we taught the Turtles was: When all the criteria are in balance, do the thing you least want to do. You have to decide early on whether you're playing for the fun or for the success. Whether you measure it in money or in some other way, to win at trading you have to be playing for the success." - William Eckhardt * "Trading is also highly addictive. When behavioral psychologists have compared the relative addictiveness of various reinforcement schedules, they found that intermittent reinforcement - positive and negative dispensed randomly (for example, the rat doesn't know whether it will get pleasure or pain when it hits the bar) - is the most addictive alternative of all, more addictive than positive reinforcement only. Intermittent reinforcement describes the experience of the compulsive gambler as well as the future trader. The difference is that, just perhaps, the trader can make money." However, as with most affective aspects of trading, its addictiveness constantly threatens ruin. Addictiveness is the reason why so many players who make fortunes leave the game broke." - William Eckhardt * "Don't think about what the market's going to do; you have absolutely no control over that. Think about what you're going to do if it gets there. In particular, you should spend no time at all thinking about those rosy scenarios in which the market goes your way, since in those situations, there's nothing more for you to do. Focus instead on those things you want least to happen and on what your response will be." - William Eckhardt If you don't think these principles are true, you haven't been trading very long. Print these out and refer to them often. http://www.thekirkreport.com/2008/02/trading-wisdom.html

The IRS decides to audit Ralph, and summons him to the IRS office. The IRS auditor is not surprised when Ralph shows up with his attorney. The auditor says, 'Well, sir, you have an extravagant lifestyle and no full-time employment, which you explain by saying that you win money gambling. I'm not sure the IRS finds that believable.' I'm a great gambler, and I can prove it,' says Ralph. 'How about a demonstration?' The auditor thinks for a moment and said, 'Okay. Go ahead.' Ralph says, 'I'll bet you a thousand dollars that I can bite my own eye.' The auditor thinks a moment and says, 'It's a bet.' Ralph removes his glass eye and bites it. The auditor's jaw drops. Ralph says, 'Now, I'll bet you two thousand dollars that I can bite my other eye.' Now the auditor can tell Ralph isn't blind, so he takes the bet. Ralph removes his dentures and bites his good eye. The stunned auditor now realizes he has wagered and lost three grand, with Ralph's attorney as a witness. He starts to get nervous. 'Want to go double or nothing?' Ralph asks 'I'll bet you six thousand dollars that I can stand on one side of your desk, and pee into that wastebasket on the other side, and never get a drop anywhere in between.' The auditor, twice burned, is cautious now, but he looks carefully and decides there's no way this guy could possibly manage that stunt, so he agrees again. Ralph stands beside the desk and unzips his pants, but although he strains mightily, he can't make the stream reach the wastebasket on the other side, so he pretty much urinates all over the auditor's desk. The auditor leaps with joy, realizing that he has just turned a major loss into a huge win. But Ralph's attorney moans and puts his head in his hands. 'Are you okay?' the auditor asks. 'Not really,' says the attorney. 'This morning, when Ralph told me he'd been summoned for an audit, he bet me twenty-five thousand dollars that he could come in here and piss all over your desk and that you'd be happy about it.' :o:o

Sierracharts can replay at faster speeds I believe

I would recommend reading the first, then the second.

Here's a couple of diagrams I found that some may like...

this my help... http://www.fairmark.com/capgain/wash/index.htm http://www.sec.gov/answers/wash.htm http://www.smartmoney.com/tax/capital/index.cfm?story=washrules https://www.wellsfargo.com/tax_center/taking_control/investments/wash_sale

Sometimes I wish there was a "Print all" button on his blog lol. If you don't read his blog regularly I suggest you should, it's one of the best, if not the best blog concerning trading on the web today. Here is volume Four of select posts from 2007: http://traderfeed.blogspot.com/2008/02/trading-psychology-and-trader_13.html enjoy:cool:

Here is my take on today’s action for the Russell 2000 futures: I have included a screen shot of my daily journal to give you an idea of what I’m thinking before I start trading. The journal is created the night before and the parts I add after that are the pre-market notes, and the Wrap up of the day. Orange arrow- After a few tests down the market is able to rise with some conviction. Notice that the third candle of the day forms a doji like candle and the candle after that prints higher. That is an important indication on momentum shift. A long placed here has fair placement but higher than average risk. Yellow arrow- The market pushes up to meet supply and long liquidation here but the market still remains technically bullish until the lows of the 7th candle in are broken and closed below. Taking half of your position off could be a wise decision here as there are no certainties only probabilities at the right edge of the chart. Blue arrow- the market tightens and forms a doji on lower than average volume. The volume is slightly higher than the previous candle but that is favorable for a long bias because the spread is higher! Once again the market closes above a doji signifying momentum to the upside is still present. Close only stops are ideal below this newly formed structure. Green arrow- After drifting downward from finding no fresh demand that market once again finds volume near the previous days high. Volume increases, spreads lift, and an engulfing pattern is made near 50% of the prior move. This is Ideal for a long trade. Pink arrows- The market offers two very short, very shallow opportunities to add to your position and/or move your stop orders just below them. Look at the volume, there is no supply being found by the market! White arrow- Lastly, after a 50-60% pullback the market finds demand that prints as higher than average volume with higher spreads (closing off the lows). I wasn’t present for the market action during lunch (the slow move lower between 10:15am and 11:00am CST) or the last move of the day, so I cannot comment on the moves after that. Hopefully this helps somebody out…

I second that, maybe you could elaborate on your trades? Posting up a chart of where you are zig when the the market zags could shed some light on things and allow us to give you a better answer