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zdo

Beyond Livermore

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Are we going circular?

Could impatience be just another way of describing not following rules ?

And could not following rules be just another way of saying literally can’t follow rules ?

(rules as defined by self not others btw … and mits I don’t think they are as susceptible to misinterpretation as often as you allude … nor are they in ambivalence producing ‘conflict’ often if properly ‘designed’ and the trader has done the work to make the odds explicit… but those things are beside the point… point is)

If a trader as good as Livermore gets to points where he couldn’t follow his ‘rules’ all the time – then can anyone?

 

Impatience

Stubbornness…

Mental state words... mental states somewhat tainted by something emotional?

Impatience…

what about the present could he not accept?

/QUOTE]

 

thats the point.....

maybe it is as simple as that. momentarily lapses of concentration, or ill discipline is all it takes if your system is fragile.....but maybe this fagility is what allows it to make the big money.

.....and does this then get to the crux of many a problem.

A system that allows you to make big money might also have big blowups with any deviation of strict rules. Or the rules are actually not the important part of the system....the operator is.

...................

If you want to apply it directly to JL, then unless you have his state of mind its virtually impossible to tell. From Mits research about his blowups...the 'swing big' means even with all the rules or disciplines its a simple case of poor money mgmt.

 

All in all - this might be an interesting exercise, but its all going to be purely speculative.

 

No pun intended huh? :)

What's clear from the book(page 59) is that each rule he made was based on a mistake that cost him a lot of money.I just wonder that if you only lose in very small amounts early on in your learning curve whether this is likely a factor that you will repeat mistakes.In other words,the more acute the financial pain,the more indelible the lesson is in the mind.

But Livermore made the same mistakes repeatedly.One was following tips- 2 occasions are mentioned.But impatience seems to be one of his weakest traits;going long cotton several times and taking sizable losses -mainly due to the size of his position and the difficulty in liquidating it,the market was range bound.Having lost 200k he then stood aside as days later cotton took off and he calculates that he could have made one million had he been more patient.

 

I think this episode demonstrates the key to Livermore's problem.He seems to have had exceptional instinct and the balls to back a trade in size that was proving him correct.But impatience in not waiting for the signal that would confirm his analysis and allow him to enter under his rules was his weakness.

The above trade led directly to him devising the Livermore Key.This was taking 2 stocks in a sector.averaging their movement and awaiting the cross of a pivotal price.This was a natural progression of his idea that whereas in the past he would trade individual stocks,now he wanted to trade in the direction of the main market trend.This brings to mind another cliché "the trend is your friend"

 

And that brings me back to the concept that instinct should not be supressed,but rather,it should be harnessed within a rule based framework.Instinct is a talent and the direct result of time served.

 

Page 64- "subconscious tip off"..and- "This sense of knowing when you are wrong even before the market tells you becomes,in time,rather highly developed"

 

 

I bet Friday was a killer day day for many traders trying to go short.And analysis bias would have a lot to do with that.What would be the hardest thing to do Fri?- add to a winning position.Often impractical to do for a day trader trading a mean reverting instrument like ES,nevertheless,there are times to do it.And that takes experience/instinct and balls.

The statistics show that you need to be exceptional just to survive as a small time frame trader,and there is a lot of backing and filling to contend with when trading the higher time frames.

There are periods when everything feels simple and straightforward and I think Livermore's impatience was based on overconfidence.He knew what it was like to make big money and probably knew that he could keep doing it as long as he didn't lose his capital.

Maybe he ultimately realised that he was doomed to keep repeating the same cycle of behaviour and that led him to a sense of futility.Hard to accept failure when you know you have exceptional ability....

 

Would I quit if.like him.i had at one time a 100 million? No.I think many of us are addicted to trading.But most of us would probably be more practical and remove most of the funds out of the account and trade relatively small going forward.And that is the main reason we will never make a 100 million.Not saying Mr sensible couldn't do it and keep it,just saying it's more likely you need to be a flawed genius.

In theory any one of us could do it,if you bear in mind that Livermore started with nothing-several times.Talk about the American dream:roll eyes:

Well balanced,rational people quit when they are ahead,people like Livermore don't.And there are many Livermores on Wall St to this day.

 

Probably what makes a star performer is the ultimate undoing of that person.Like a drug addict,the need for a "higher dose",a higher high,is the common trait of very ordinary people who become addicts.Those people would blow 100 million,no problem.We all have the ability to screw up,it's just that most of us never get our hands on that amount of money.

 

Greatness,exceptional ability is often accompanied by suffering.Maybe,for the sake of a stress free life it is better,after all,to be the tortoise rather than the hare.

 

So how do we get " beyond Livermore"

 

By -

 

5- identifying with him

6- not identifying with him

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And that brings me back to the concept that instinct should not be supressed,but rather,it should be harnessed within a rule based framework.Instinct is a talent and the direct result of time served.

 

Page 64- "subconscious tip off"..and- "This sense of knowing when you are wrong even before the market tells you becomes,in time,rather highly developed"

 

 

yes - you wonder if sometimes its the speed of knowing when you are wrong is important....and hence you might not repeat things as much.

Most of us stop because of pain (of loss), but I have a friend whose has a great attribute. ....thats his ability to keep going at something. He once had about 7-9 goes at a trade idea, and ripped up about 400k. (he worked for an institution), when it finally came off he made about 1.2mil. Most of us would stop after 2-3 times. But this guy will swing 5k, to 5m to 50mil if you let him. (I am far more a tortoise)

 

However - he is the perfect trader that a manager of traders should occasionally let off the leash in the right market or regime. Maybe the manager (mr Blue) applies the rules for when to unleash the personality (mr Pink)?

Maybe JL needed the internal manager?

 

I am not like JL in any sense, but I do know of the feelings of impatience. Its the fear of missing the opportunity...not so much an overconfidence of being right....and this is most likely played out with his rule of 'waiting for it to turn' and 'making money right from the time the trade is on'.

...however this is all speculative :roll eyes:

 

Going beyond - i do think often we need tricks or other similar things to keep us on the straight and narrow. Either this is via friends, or other things such switching off at times of the day, enforced holidays, withdrawing half of profits after a big win.

..........

................

as to stress.....some people thrive under it and will always torture themselves. It seems to me that expectations and failure thereof/or even reaching and then disappointment for many leads to the most stress. Its when you are a tortoise and want to be the hare or vv that the stress occurs. :2c:

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Or..........

 

[ame=http://www.youtube.com/watch?v=eLhpHjmxNw8]Lenny Kravitz "Are You Gonna Go My Way" - YouTube[/ame]

 

 

Or................

 

[ame=http://www.youtube.com/watch?v=fdlWUQedW9I]David Bowie - Win [HQ] - YouTube[/ame]

 

 

What next..semaphore? :helloooo:

 

Telepathy? :idea:

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Guest OILFXPRO
yes - you wonder if sometimes its the speed of knowing when you are wrong is important....and hence you might not repeat things as much.

Most of us stop because of pain (of loss), but I have a friend whose has a great attribute. ....thats his ability to keep going at something. He once had about 7-9 goes at a trade idea, and ripped up about 400k. (he worked for an institution), when it finally came off he made about 1.2mil. Most of us would stop after 2-3 times. But this guy will swing 5k, to 5m to 50mil if you let him. (I am far more a tortoise)

 

However - he is the perfect trader that a manager of traders should occasionally let off the leash in the right market or regime. Maybe the manager (mr Blue) applies the rules for when to unleash the personality (mr Pink)?

Maybe JL needed the internal manager?

 

I am not like JL in any sense, but I do know of the feelings of impatience. Its the fear of missing the opportunity...not so much an overconfidence of being right....and this is most likely played out with his rule of 'waiting for it to turn' and 'making money right from the time the trade is on'.

...however this is all speculative :roll eyes:

 

Going beyond - i do think often we need tricks or other similar things to keep us on the straight and narrow. Either this is via friends, or other things such switching off at times of the day, enforced holidays, withdrawing half of profits after a big win.

..........

................

as to stress.....some people thrive under it and will always torture themselves. It seems to me that expectations and failure thereof/or even reaching and then disappointment for many leads to the most stress. Its when you are a tortoise and want to be the hare or vv that the stress occurs. :2c:

 

something wrong with you you are telling me your trading personality and knowledge , you understand the phsyche but you do not have the finishing touches to make 100 pips a week and become a billionaire.You are greedy , if you know it all but you don't .If I talk to u , u want me to transfer the the money , like a useless nutter throwing money in to your bank account.

 

The price of getting you to a billionaire level is a net payment from you , I have to rewire your brain and its beliefs.All the trading idiots are calling for banning me , but I am your guru to billions.

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something wrong with you

 

:helloooo:

 

Melvin Udall says it all......

: Where did they teach you to talk like that, in some Panama City "Sailor wanna hump-hump" bar, or is it getaway day and your last shot at his whiskey? Sell crazy someplace else, we're all stocked up here.

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something wrong with you you are telling me your trading personality and knowledge , you understand the phsyche but you do not have the finishing touches to make 100 pips a week and become a billionaire.You are greedy , if you know it all but you don't .If I talk to u , u want me to transfer the the money , like a useless nutter throwing money in to your bank account.

 

The price of getting you to a billionaire level is a net payment from you , I have to rewire your brain and its beliefs.All the trading idiots are calling for banning me , but I am your guru to billions.

 

I have asked, but you have not responded. I want to send you money so I can trade under your tutelage. Please let me have your account numbers so I can wire money to you.

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:helloooo:

 

Melvin Udall says it all......

: Where did they teach you to talk like that, in some Panama City "Sailor wanna hump-hump" bar, or is it getaway day and your last shot at his whiskey? Sell crazy someplace else, we're all stocked up here.

 

With all this phsyche knowledge and mindset , your missing pice in your jigsaw is the method /sysyem/trading skills.I hand this missing jigsaw to you in a few weeks of training , then you won't need me , but thereafter i will finance you 50 /50 share of profits paid every week.100 pips a week on average , compounded every month on a gbp 100,000 k account.

 

I wuz not selling anything.

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I have asked, but you have not responded. I want to send you money so I can trade under your tutelage. Please let me have your account numbers so I can wire money to you.

 

DEMO ACCOUNT transfers are not valid.

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Beyond Livermore

 

Distilled, purified, simplified -‘Beyond Livermore’ = ‘keep what you take’

By

1. Finding a way NOT to break your own rules.

 

ps hopefully the 'Beyond' tag will have mitsubishi's blessings. Let us know if you don't think it's appropriate and we'll change the title " and everything"

 

Livermore , a fictional fantasy fairy tale , a story of a gambler who blew up many times over and went bankrupt several times.

 

Maybe it is time to look at how to beat today's markets and follow today's succesful traders

 

George Sorros

 

George Soros does it again! The billionaire, 83, gets married for the third time in LAVISH wedding to his 42-year-old fiance at his New York estate on Saturday | Mail Online

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Livermore , a fictional fantasy fairy tale , a story of a gambler who blew up many times over and went bankrupt several times.

 

Maybe it is time to look at how to beat today's markets and follow today's succesful traders

 

George Sorros

 

George Soros does it again! The billionaire, 83, gets married for the third time in LAVISH wedding to his 42-year-old fiance at his New York estate on Saturday | Mail Online

 

The gold digging whore thinks she is a winner; however, soon she will be forced into touching the skin and atrophied flesh of an 83 year old, dealing with the odd aroma that 80 year olds emit, and despising the repetitive stories that 83 year old are prone to tell. Soon she will learn that money isn't everything and a dildo is her best friend in the household. You can bet he has a solid prenup.

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Wall St,a fictional fantasy fairy tale ,a story of a casino which blew up many times over and went bankrupt several times.

 

Thanks Oily for taking some time out from your hectic current schedule to help get the thread back on track.:)

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I really love the Livermore story and the ones who are not recognizing that I would tell them they are lying to themselves....

 

no one is starting this business with a "billionaire" indicator on the pillow and the best part of the book and the part any trader should read tens of times is the psychological part.......there are some examples there and explained in plain English so that everyone understands that makes every trader remembering situations he/she met on the markets.

 

like the one with the guy that had a tip to buy a stock and the guy that receives the tip just went over and sells 10,000 shares of the stock........the explanation.....to test the market....brilliant.......

 

even with the times he went bankrupt....lot to learn......read Market Wizzards and see the vast majority of big shot traders of today were big time loosers at the begining.....

 

well, no one can make a fortune compounding -15 pips/week.......15 pips....unbelievable......huh, oily boy?

 

Regards,

TW

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Livermore , a fictional fantasy fairy tale , a story of a gambler who blew up many times over and went bankrupt several times.

 

Maybe it is time to look at how to beat today's markets and follow today's succesful traders

 

George Sorros

 

George Soros does it again! The billionaire, 83, gets married for the third time in LAVISH wedding to his 42-year-old fiance at his New York estate on Saturday | Mail Online

 

In my opinion, I do not think it's fair to comment Mr. Livermore life journey as a fairy tale. For me, I would thank to him to teach me the "20%" I lacked in the past based on "80%" mindset part. The most important is I start to through out all of the masters and put them behind me and start to conduct my own trading independently, isn't he a great person?

Thanks again, Mr. Livermore.

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In my opinion, I do not think it's fair to comment Mr. Livermore life journey as a fairy tale. For me, I would thank to him to teach me the "20%" I lacked in the past based on "80%" mindset part. The most important is I start to through out all of the masters and put them behind me and start to conduct my own trading independently, isn't he a great person?

Thanks again, Mr. Livermore.

 

Yeah.Like Jesus he lived on the edge and died early,so became a legend.If he'd been an actor-James Dean.If a rock star-Jimi Hendrix.

Some people are just born to be great and the rest of us ain't.

Some of us become great,but,again,very few.

Some have greatness thrust upon them-and fail miserably.

 

But when you have greatness thrust upon you,much depends on luck

 

Was Churchill great? What if we had lost the war.would he still have been great? Because despite all our engenuity and courage,the fact is if Hitler hadn't switched from bombing airfields to bombing London,the RAF would have lost the Battle Of Britain not from lack of planes,but lack of trained pilots.And why did he switch? because of Dresden.Did we plan to burn an entire city or was the weather a bad/good luck factor?

 

Remove luck from the world and the already limited opportunity for greatness dwindles even further.

So anyone who thinks luck doesn't play a part in trading must believe they're operating in a non human paradigm.

But,you make you're own luck don't you? Isn't it more accurate to say you create a situation in which luck could happen?

Luck is an invisible and underpredictable (how are you today zdo?:)commodity and plays (a)part (;)heading back here soon at all?) in any skill based endeavour,BUT we are not talking about skill and luck (imo) when it comes to people like Livermore,we are talking about greatness and skill/greatness and luck.

So if you are reckless and blow your account,you could say Livermore was at times reckless so why is he great and you're not.?

Part of the answer is luck-recklessness either pays off or it doesn't.

Some of these great names in history were in a position where they were forced to take great risks.We are not.We can all make a million...on a simulator,so what does that mean?Real money prevents us becoming great? No.Many greats began life in poverty.

They didn't do it overnight though.So maybe it's a case of getting to a certain point which can become the launchpad for being great.But probably most people would ease back at that point rather than going all out for glory.Another reason why greats are few and far between.

Skill and luck is the best most of us can hope for..greatness is highly unlikely.

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Yeah.Like Jesus he lived on the edge and died early,so became a legend.If he'd been an actor-James Dean.If a rock star-Jimi Hendrix.

Some people are just born to be great and the rest of us ain't.

Some of us become great,but,again,very few.

Some have greatness thrust upon them-and fail miserably.

 

But when you have greatness thrust upon you,much depends on luck

 

Was Churchill great? What if we had lost the war.would he still have been great? Because despite all our engenuity and courage,the fact is if Hitler hadn't switched from bombing airfields to bombing London,the RAF would have lost the Battle Of Britain not from lack of planes,but lack of trained pilots.And why did he switch? because of Dresden.Did we plan to burn an entire city or was the weather a bad/good luck factor?

 

Remove luck from the world and the already limited opportunity for greatness dwindles even further.

So anyone who thinks luck doesn't play a part in trading must believe they're operating in a non human paradigm.

But,you make you're own luck don't you? Isn't it more accurate to say you create a situation in which luck could happen?

Luck is an invisible and underpredictable (how are you today zdo?:)commodity and plays (a)part (;)heading back here soon at all?) in any skill based endeavour,BUT we are not talking about skill and luck (imo) when it comes to people like Livermore,we are talking about greatness and skill/greatness and luck.

So if you are reckless and blow your account,you could say Livermore was at times reckless so why is he great and you're not.?

Part of the answer is luck-recklessness either pays off or it doesn't.

Some of these great names in history were in a position where they were forced to take great risks.We are not.We can all make a million...on a simulator,so what does that mean?Real money prevents us becoming great? No.Many greats began life in poverty.

They didn't do it overnight though.So maybe it's a case of getting to a certain point which can become the launchpad for being great.But probably most people would ease back at that point rather than going all out for glory.Another reason why greats are few and far between.

Skill and luck is the best most of us can hope for..greatness is highly unlikely.

 

Livermore was great man, a man of vision and guts. And there isn't even a plaque, or a signpost or a statue of him in that town! Someone put a bullet through his eye. No one knows who gave the order. When I heard it, I wasn't angry; I knew Jesse, I knew he was head-strong, talking loud, saying stupid things. So when he turned up dead, I let it go. And I said to myself, this is the business we've chosen; I didn't ask who gave the order, because it had nothing to do with business!

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Livermore was great man, a man of vision and guts. And there isn't even a plaque, or a signpost or a statue of him in that town! Someone put a bullet through his eye. No one knows who gave the order. When I heard it, I wasn't angry; I knew Jesse, I knew he was head-strong, talking loud, saying stupid things. So when he turned up dead, I let it go. And I said to myself, this is the business we've chosen; I didn't ask who gave the order, because it had nothing to do with business!

 

Godfather II :)

What's the point of being great when most people just think you were a gambler who shot himself? Nice connection to the home of gambling.

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Godfather II :)

What's the point of being great when most people just think you were a gambler who shot himself? Nice connection to the home of gambling.

 

Maybe this thread following is a classic example of why 95 % fail and what they look for , a fantasy to dissapear from their true trading failures.

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... (how are you today zdo?:)commodity and plays (a)part (;)heading back here soon at all?) ...when it comes to people like Livermore,we are talking about greatness and skill/greatness and luck...

 

Hey mits.

Zup?

I haven’t been bangin in this thread because at this juncture the only ‘Beyond Livermore’ to me is avoiding his blowups and huge drawdowns… for me, the “greatness and skill/greatness and luck” discussions and insights into his acumen are not in the Beyond Livermore topic. They belong in a plain vanilla Livermore thread.

 

I don’t know how they affected him intrapersonally… from what I’ve read in this thread you could comment more accurately about how his blowups and huge drawdowns impacted him subjectively than anyone. ... and his early death (which posters continue to obsess on) was also plain Livermore or even ‘Pre Livermore – not Beyond.

So, anyways, when I realized that his blowups and huge drawdowns didn’t seem to significantly degrade his rather well ‘served’ lifestyle, there wasn’t much Beyond left for me to explore. Going Beyond would only be an exercise in my imagination... for which there are better uses right now...

 

Last edited by tradingwizzard; 11-01-2014 at 03:39 PM.

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Yeah.Like Jesus he lived on the edge and died early,so became a legend.If he'd been an actor-James Dean.If a rock star-Jimi Hendrix.

Some people are just born to be great and the rest of us ain't.

Some of us become great,but,again,very few.

Some have greatness thrust upon them-and fail miserably.

 

But when you have greatness thrust upon you,much depends on luck

 

Was Churchill great? What if we had lost the war.would he still have been great? Because despite all our engenuity and courage,the fact is if Hitler hadn't switched from bombing airfields to bombing London,the RAF would have lost the Battle Of Britain not from lack of planes,but lack of trained pilots.And why did he switch? because of Dresden.Did we plan to burn an entire city or was the weather a bad/good luck factor?

 

Remove luck from the world and the already limited opportunity for greatness dwindles even further.

So anyone who thinks luck doesn't play a part in trading must believe they're operating in a non human paradigm.

But,you make you're own luck don't you? Isn't it more accurate to say you create a situation in which luck could happen?

Luck is an invisible and underpredictable (how are you today zdo?:)commodity and plays (a)part (;)heading back here soon at all?) in any skill based endeavour,BUT we are not talking about skill and luck (imo) when it comes to people like Livermore,we are talking about greatness and skill/greatness and luck.

So if you are reckless and blow your account,you could say Livermore was at times reckless so why is he great and you're not.?

Part of the answer is luck-recklessness either pays off or it doesn't.

Some of these great names in history were in a position where they were forced to take great risks.We are not.We can all make a million...on a simulator,so what does that mean?Real money prevents us becoming great? No.Many greats began life in poverty.

They didn't do it overnight though.So maybe it's a case of getting to a certain point which can become the launchpad for being great.But probably most people would ease back at that point rather than going all out for glory.Another reason why greats are few and far between.

Skill and luck is the best most of us can hope for..greatness is highly unlikely.

 

Just several personal opinions. Jesus was not lived on the edge. He knew our future and he die for us on purpose in order to change our future world. So if you know the future of your trading, you could be more successful, I think.

Luck could be created by planted seeds on righteousness and developed by hard working (thinking) in trading world, I believed.

I have a strategist behind me (he is pretty old:500BC) and I found that Mr. Livermore has some thoughts very closed to him, so I do not think he is lucky in 80% mindset part and he is greatest person in 20%part. He is a master, maybe just approaching the trading from different angles with other masters.

If I am not good at 20% part, but ok at 80% mindset part, Could we still make money? Could we hence embrace the lucky? The trading world is so amazing. Cheers and best for everyone for the prediction on the trend.

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These days I am reading and digesting Mr Livermore’s book and there are several thoughts about the trading he conducted. Compared with Mr. Buffett, he learned stocks trading knowledge from Mr. Graham, Mr. Livermore did not have that kind of experience. But I guess that he paid great attention with his whole heart to observe the numbers moving in stock market and developed a very effective method on his trading based on his sensitive observation and interaction with these numbers. It’s so great to observe the Pivotal points. Guess what, if you stay focus on these numbers (or curves) in the market without distractions, probably you will build up a very close relationship with them. The number and curve are “LIVE”. However there are more, he was able to penetrate these numbers and obtained the wisdoms from other side of windows in the stock market. I believe that he opened a window for knowing more insight on the human mind. Interesting thing is these wisdoms are coincident with my experiences obtained from other sources which developed gradually during self-learning stock trading.

 

I conduct trials based on his method; I did not make profit, but provide me an opportunity to see through my inner world and courage to change myself. In the past, I obey the masters’ knowledge and strategy, and they guided me and I make money. Now I found that I was doing the trading by myself. All of the masters are now standing behind me, not ahead of me anymore. It’s very exciting to see these kinds of growing on my trading journey.

 

Well, I do not believe that counted on Mr. Livermore method wholly could make the money easily. Just as he said, it is still “YOU” to make the money. Cheers and Good luck.

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wmck6167,

As I commented to mits in my last post, most of the content herein about his methods, etc . is not quite ‘Beyond’ (in a mits or any other sense of the word…imo ) … most of these posts belong over at

link denied

 

Anyways, Thank you for opening some previously unconsidered ‘Beyonds’ for us.

 

zdo

 

 

 

 

 

 

 

 

 

 

 

 

PS… I just noticed your location. Reminded me of a snippet -

Long ago, I once knew a ‘girl’ studying neurosurgery who told me

"I want to marry a guy who has to wear a tie to work and I want to live in sugarland."

And she did!

 

I didn’t pay much attn to it at the time but sometimes

I dreamed of a great great niece (with Gann genes) and to stay right there in lufkin with her.

But

I didn’t…

I married 'european' and live in four different (all non longhorn) places. :)

 

 

 

 

 

 

 

 

 

-------------------------------------------------------------------------------

Last pre-crime-d by tradingwizzard; 11-06-2014 at 03:18PM.

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wmck6167,

As I commented to mits in my last post, most of the content herein about his methods, etc . is not quite ‘Beyond’ (in a mits or any other sense of the word…imo ) … most of these posts belong over at

link denied

 

Anyways, Thank you for opening some previously unconsidered ‘Beyonds’ for us.

 

zdo

 

 

 

 

 

 

 

 

 

 

 

 

PS… I just noticed your location. Reminded me of a snippet -

Long ago, I once knew a ‘girl’ studying neurosurgery who told me

"I want to marry a guy who has to wear a tie to work and I want to live in sugarland."

And she did!

 

I didn’t pay much attn to it at the time but sometimes

I dreamed of a great great niece (with Gann genes) and to stay right there in lufkin with her.

But

I didn’t…

I married 'european' and live in four different (all non longhorn) places. :)

 

 

 

 

 

 

 

 

 

 

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Last pre-crime-d by tradingwizzard; 11-06-2014 at 03:18PM.

 

I gave you a like for this post for the story with the girl......not kidding.......I think everyone in his/her life has episodes like this......

 

I like your signature though......it makes me visible....jeee:)

 

TW

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Thanks for your comments. I am curious his method in Livermore book. He was trading on trend with trend confirmed way.(besides, there are more widsoms in his mindset part) If everything is rely on "cut the lost quickly, let the profit run" . Automatic trading should be good enough to make a significant profit based on his justification. Am I right? For me, thinking there is a fix way to beat the market, it just seems to look like a "non-ineractive" mindset, but I maybe wrong. The book provides me a lot to think about the secret behind the windows.(maybe) I hope that I could know more in the future. Indeed, I am thinking why he was failed in his "The Million Dollar Blunder". Cheers.

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Thanks for your comments. I am curious his method in Livermore book. He was trading on trend with trend confirmed way.(besides, there are more widsoms in his mindset part) If everything is rely on "cut the lost quickly, let the profit run" . Automatic trading should be good enough to make a significant profit based on his justification. Am I right? For me, thinking there is a fix way to beat the market, it just seems to look like a "non-ineractive" mindset, but I maybe wrong. The book provides me a lot to think about the secret behind the windows.(maybe) I hope that I could know more in the future. Indeed, I am thinking why he was failed in his "The Million Dollar Blunder". Cheers.

 

again, if anything, the book is about trading psychology......that Anaconda example is the best one I can think of right now

 

TW

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    •   Date : 21st February 2019.

      MACRO EVENTS & NEWS OF 21st February 2019.



      FX News Today Asian equities initially rallied after Fed minutes promised patience on further policy action but most have moved down from earlier highs. Hopes that the US and China are nearing a deal on trade have risen after an unnamed source cited by Reuters said the two sides have started to outline commitments in principle in what is described as the most significant progress yet. The JPY225 closed with a gain of just 0.15%, while the Topix was unchanged from yesterday. The Hang Seng is up 0.03% and mainland China indices are also little changed. The AUS200 outperformed and rallied 0.70%, after better than expected jobs data. US futures are stronger after Reuters reports outlined progress in US-Sino trade talks and European futures are also moving higher. The March WTI futures are trading at USD 57.33 per barrel. Charts of the Day


      Main Macro Events Today EU PMIs – EU Manufacturing PMI is expected to have declined to 50.3 in February, compared to 50.5 last month, dangerously close to the 50 threshold. Services PMI is expected to have increased to 51.4, compared to 51.2 in January, hence pushing the overall Composite PMI higher to 51.1, compared to 51.0 in the previous month. Philly Fed Index – The Philly Fed Manufacturing Index is expected to have declined to 14, compared to 17 in January, still registering a positive effect. Durable Goods – Durable goods are expected to come out registering positive growth for December, compared to negative for November. US PMIs – Manufacturing is expected to have declined in the US, similar to the EU, reaching 54.7 compared to 54.9 last month, while Services are expected to have slightly grown to 54.3 compared to 54.2 in January. Existing Home Sales – Home Sales are expected to have remained at more or less the same levels, at 5M, compared to 4.99M last month. CB Leading Index – The Conference Board Index is expected to have shown a 0.1% m/m increase in January, compared to the 0.1% m/m contraction in December. Support and Resistance
       
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      Please note that times displayed based on local time zone and are from time of writing this report.

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      Andria Pichidi
      Market Analyst
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      Disclaimer: This material is provided as a general marketing communication for information purposes only and does not constitute an independent investment research. Nothing in this communication contains, or should be considered as containing, an investment advice or an investment recommendation or a solicitation for the purpose of buying or selling of any financial instrument. All information provided is gathered from reputable sources and any information containing an indication of past performance is not a guarantee or reliable indicator of future performance. Users acknowledge that any investment in FX and CFDs products is characterized by a certain degree of uncertainty and that any investment of this nature involves a high level of risk for which the users are solely responsible and liable. We assume no liability for any loss arising from any investment made based on the information provided in this communication. This communication must not be reproduced or further distributed without our prior written permission.
    • hello everyone, lets all have a good 2019  best of luck to all.a good start so far. and hoping for more good news in the future
    • Ethereum (ETH) Daily Price Forecast – February 20 ETH/USD Medium-term Trend: Bullish ·         Resistance Levels: $240, $250, $260 ·         Support Levels: $140, $130, $120 Yesterday, February 19, the price of Ethereum was in a bullish trend. The crypto’s price was trading at $151.68 when the crypto was resisted. The crypto was resisted at the $150 price level and the price fell to the support of the 12-day EMA. The bullish trend has been terminated but the ETH price is trading at  $145.76 as at the time of writing. On the upside, the crypto’s price will rise if crypto’s price is sustained above the EMAs while the bulls break the $150 price level. Meanwhile, the MACD line and the signal line are above the zero line which indicates a buy signal. Also, the crypto’s price is above the 12-day EMA and the 26-day EMA which indicates that price is likely to rise. ETH/USD Short-term Trend: Bullish On the 1-hour chart, the crypto's price is in a bullish trend zone. The previous bullish trend has been terminated as price made a downward fall. The ETH price has fallen to the support of the $140 price level and the bulls are expected to defend the support level. On the downside, if the bears break the $140 price level, the crypto will further depreciate.
      Meanwhile, the MACD line and the signal are above the zero line which indicates a buy signal. Also, the crypto’s price is below the EMAs which indicate that price is likely to fall.     The views and opinions expressed here do not reflect that of BitcoinExchangeGuide.com and do not constitute financial advice. Always do your own research.                                                                                                                 Top of Form                             Source: www.bitcoinexchangeguide.com
    •   Date : 20th February 2019.

      MACRO EVENTS & NEWS OF 20th February 2019.



      FX News Today Bund yields lower in opening trade, Equity markets mostly higher in Asia. Stock markets in Asia remained underpinned by hopes of a US-Sino trade deal. Wall Street closed higher, helped by positive earnings at Walmart Inc. Fresh. President Trump meanwhile suggested that March 1 tariff deadline is not cast in stone, so there is hope that further tariffs can be avoided. Japan’s exports fell 8.4% in January, while imports declined 0.6% y/y. The contraction in exports seems consistent with escalating concern that Japan’s export sector will be dented this year by global trade frictions and the slowing in China’s economy. The Yuan lifted after a Bloomberg report saying the US was looking for a pledge from China that it will not devalue its yuan currency as part of the trade deal. USDJPY has climbed to 110.91 from 110.60, amid cautious risk-on theme WTI crude edged out fresh 3-month high of $56.77. Charts of the Day


      Main Macro Events Today Juncker and May meet for another round of crunch talks in Brussels today. EU Consumer Confidence – The overall Eurozone number Consumer Price Index (M/M) on course to be confirmed at 1.4% y/y. FOMC minutes – The focus turns on the FOMC minutes to the January 29, 30 policy meeting as we look to glean more information on the Fed’s pivot to a more dovish point of view, even as rates were left unchanged. We did get a glimpse from Chairman Powell’s press conference, where he noted tighter financial conditions, along with tame inflation. And he said the onus is on price pressures to force a rate move. Australian labour data – The unemployment rate is seen holding steady at 5.0%. Support and Resistance

      Always trade with strict risk management. Your capital is the single most important aspect of your trading business.

      Please note that times displayed based on local time zone and are from time of writing this report.

      Click HERE to access the full HotForex Economic calendar.

      Want to learn to trade and analyse the markets? Join our webinars and get analysis and trading ideas combined with better understanding on how markets work. Click HERE to register for FREE!

      Click HERE to READ more Market news.

      Andria Pichidi
      Market Analyst
      HotForex

      Disclaimer: This material is provided as a general marketing communication for information purposes only and does not constitute an independent investment research. Nothing in this communication contains, or should be considered as containing, an investment advice or an investment recommendation or a solicitation for the purpose of buying or selling of any financial instrument. All information provided is gathered from reputable sources and any information containing an indication of past performance is not a guarantee or reliable indicator of future performance. Users acknowledge that any investment in FX and CFDs products is characterized by a certain degree of uncertainty and that any investment of this nature involves a high level of risk for which the users are solely responsible and liable. We assume no liability for any loss arising from any investment made based on the information provided in this communication. This communication must not be reproduced or further distributed without our prior written permission.
    • Forex trading is a genuine business and in that capacity ought to be moved toward like one. Obviously there are a chosen few traders who begun without a FX training and have turned out to be fruitful .
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