cannot answer in general, but in relation to bhp i would
not think it would be counted as a copper stock, it is too
diversified , earns far more from iron and coal than it does copper
, is also currently having great trouble meeting delivery from its
coal mines due to weather and strikes, was affecting it's price in
aus today.
it is the broad and in depth education i value from this
service. mind you there is still more to learn like what is the
difference between my government and china. i understand that in
china the govenment plays a role(interferes) in every part of the
business cycle and here goverment and free enterprise are
completely seperate ......hahahaha.... i am still trying to
understand this one and i think steve and matt should make more of
an effort to explain this
but i continue to learn,,,, like tonights lesson,,,, are
you serious seth????? sorry man but it sounds like you are saying
that confronted with a choice of two products you have chosen to
buy the one you do not like, and having purchased it, you are now
demanding it be turned into the one you do like.
this is a very-
not slick-
production , is more like the casual blog of a real
trader who uses gann as his basis mixed up with too many years of
experience and the odd rant about the establishment thrown in.
which all makes it very hard to keep up with if you are new to gann
and mclaren. But if you understand a bit of gann, and do his
basic training book on trends (about 75 bucks i think) so you
understand a bit of mclaren , then, this guy provides an
excellent daily look at spx and aussie futures, with the odd other
thing thrown in, AND now and then his experience throws up a real
gemfor your
trading education.
I thought it was known to
everyone that a leveraged EFSF violates the Maastricht Treaty.
So this was an
impossible solution from the start as I pointed out a month ago and
the insurance solution is against the German constitution.
Now the press makes
this into a surprise as if no one knew.
I don’t get
it.
do not know if your using stockcharts, but if you
are, look for box directly under the chart called "extra bars", put
a value in it like 5, it will extend the chart 5 bars distance to
the right, into the next day and you get next days pivots
even tho there are no bars yet.
hi onoffon, good question, many many answers, i apologise
in advance if my answers are too simple.
your question tho struck a note with me as i am in the middle of
re-writing my trading plan, again, after straying from it
again.
trying to keep post short, i have been trading on and
off for twelve years, i have been profitable for several years ,
but i love learning, trying to improve myself and as i learn i
start to add more and more things to my trading, and then all of a
sudden i am losing money.
since i joined this site (3months) i have learn't a lot and
i have also lost money again. there are so many trade ideas put in
front of you, you get sucked in to thinking there are so many
people making so much money from all the chit chat that you read,
that I lose sight of my trading plan, and find myself doing
all kinds of things that do not suit me. In my case i usually find
myself trading shorter and shorter time frames as i see more and
more set up's appearing.
it all comes back to having a simple repeatable trading
plan. do not stray from it, if you want to try something
different , open a separate account for it and test it.
SIMPLE- can be as simple as - i trade only
divergent hi's and low's ( using maybe macd and
stochastics), on one timeframe, say 60 minute
chart, as per matt and steve's charts, and then some
money managment rules, max trade amount, max risk amount. then an
exit rule or two, and a stop loss. you can flesh it out a bit
, use some trendlines, but really that simple will
work, if you repeat it exactly each time. which is where i
fail, and i guess many others too.
REALITY- is a 50% win rate is good, in fact better
than average. this one realisation made the biggest difference to
my trading. go read some market wizard books (schwager), or,
everyday traders by nick radge, and you find out that many
(most), big time traders make their money with a less than 50%
win ratio, losers are stopped out cheaply, and winners are allowed
to run a bit.
Get over thinking you
have to win 80% to make a dollar.
i agree van tharp is good.
anyway prob enough of a lecture for now, good luck.
short term gann cycle for a turn due fri/sat as well , just
to add to the picture, and if it occurs it makes oct 5th a
target for a more important hi or lo. you would have to guess lo at
this point.
The community is delayed by three days for non registered users.
possible alternate count that may
SPX 30 Updated View From This Morning
Posted by morgan8 on 12th of May 2012 at 04:55 am
possible alternate count that may not be quite as bearish, for now anyway
yep, gently, i like the
SPX Short Term Views
Posted by morgan8 on 10th of May 2012 at 10:30 am
yep, gently, i like the gap up open with no follow through and oppotunity for a tight stop
austerity
POT is not smoking this morning
Posted by morgan8 on 26th of Apr 2012 at 08:21 am
not before noon - austerity!!!!!
i used to be a "cetera"
Revision to the mean
Posted by morgan8 on 25th of Apr 2012 at 10:22 am
but am now just a pedant
my current favourite is "all goes well" often used by ex footballers turned commentators, when they mean "augers well"
hi kalinm, cannot answer in general,
Copper stocks vs. copper? BHP?
Posted by morgan8 on 3rd of Apr 2012 at 11:20 am
hi kalinm,
cannot answer in general, but in relation to bhp i would not think it would be counted as a copper stock, it is too diversified , earns far more from iron and coal than it does copper , is also currently having great trouble meeting delivery from its coal mines due to weather and strikes, was affecting it's price in aus today.
ditto wowten
Ending diagonal?
Posted by morgan8 on 3rd of Apr 2012 at 06:11 am
it is the broad and in depth education i value from this service. mind you there is still more to learn like what is the difference between my government and china. i understand that in china the govenment plays a role(interferes) in every part of the business cycle and here goverment and free enterprise are completely seperate ......hahahaha.... i am still trying to understand this one and i think steve and matt should make more of an effort to explain this
but i continue to learn,,,, like tonights lesson,,,, are you serious seth????? sorry man but it sounds like you are saying that confronted with a choice of two products you have chosen to buy the one you do not like, and having purchased it, you are now demanding it be turned into the one you do like.
yep i like this one
money flow
Posted by morgan8 on 3rd of Apr 2012 at 03:49 am
yep i like this one too as well as your comments, please continue to post it every now and then
thanks for that , will
HK Short Setup
Posted by morgan8 on 29th of Mar 2012 at 11:31 am
thanks for that , will do
HK
Posted by morgan8 on 29th of Mar 2012 at 11:23 am
broke down nicely..... cheers......and as i went back to check your chart it dissapeared from trade ideas before my eyes,, spooky
Title: sorry mispelt link www.mclarenreport.net.au
very good article on W.D. Gann - the master of 'timing cycles'
Posted by morgan8 on 29th of Jan 2012 at 12:01 am
www.mclarenreport.net.au
gann
very good article on W.D. Gann - the master of 'timing cycles'
Posted by morgan8 on 28th of Jan 2012 at 11:59 pm
have you tried
www.maclarenreport.net.au
this is a very- not slick- production , is more like the casual blog of a real trader who uses gann as his basis mixed up with too many years of experience and the odd rant about the establishment thrown in. which all makes it very hard to keep up with if you are new to gann and mclaren. But if you understand a bit of gann, and do his basic training book on trends (about 75 bucks i think) so you understand a bit of mclaren , then, this guy provides an excellent daily look at spx and aussie futures, with the odd other thing thrown in, AND now and then his experience throws up a real gemfor your trading education.
Title: quote from mclaren newsletter
General Market Thoughts
Posted by morgan8 on 20th of Oct 2011 at 11:05 am
I thought it was known to everyone that a leveraged EFSF violates the Maastricht Treaty. So this was an impossible solution from the start as I pointed out a month ago and the insurance solution is against the German constitution. Now the press makes this into a surprise as if no one knew. I don’t get it.
do not know if your using
SPX Pivots
Posted by morgan8 on 27th of Sep 2011 at 04:27 am
do not know if your using stockcharts, but if you are, look for box directly under the chart called "extra bars", put a value in it like 5, it will extend the chart 5 bars distance to the right, into the next day and you get next days pivots even tho there are no bars yet.
Title: got a plan, and
trading
Posted by morgan8 on 27th of Sep 2011 at 02:48 am
hi onoffon, good question, many many answers, i apologise in advance if my answers are too simple.
your question tho struck a note with me as i am in the middle of re-writing my trading plan, again, after straying from it again.
trying to keep post short, i have been trading on and off for twelve years, i have been profitable for several years , but i love learning, trying to improve myself and as i learn i start to add more and more things to my trading, and then all of a sudden i am losing money.
since i joined this site (3months) i have learn't a lot and i have also lost money again. there are so many trade ideas put in front of you, you get sucked in to thinking there are so many people making so much money from all the chit chat that you read, that I lose sight of my trading plan, and find myself doing all kinds of things that do not suit me. In my case i usually find myself trading shorter and shorter time frames as i see more and more set up's appearing.
it all comes back to having a simple repeatable trading plan. do not stray from it, if you want to try something different , open a separate account for it and test it.
SIMPLE- can be as simple as - i trade only divergent hi's and low's ( using maybe macd and stochastics), on one timeframe, say 60 minute chart, as per matt and steve's charts, and then some money managment rules, max trade amount, max risk amount. then an exit rule or two, and a stop loss. you can flesh it out a bit , use some trendlines, but really that simple will work, if you repeat it exactly each time. which is where i fail, and i guess many others too.
REALITY- is a 50% win rate is good, in fact better than average. this one realisation made the biggest difference to my trading. go read some market wizard books (schwager), or, everyday traders by nick radge, and you find out that many (most), big time traders make their money with a less than 50% win ratio, losers are stopped out cheaply, and winners are allowed to run a bit. Get over thinking you have to win 80% to make a dollar.
i agree van tharp is good.
anyway prob enough of a lecture for now, good luck.
Title: 2pm on my planet! and
C'mon Matt, regarding Silver.
Posted by morgan8 on 27th of Sep 2011 at 01:45 am
and i would like to express my gratitude to matt and steve for providing a 24hour service just for me
thanks rp for post
Posted by morgan8 on 23rd of Sep 2011 at 09:24 am
was pondering same action as you posted , good charts
i like a little gann with my fibonacci in the morning
may be a little early....
Posted by morgan8 on 22nd of Sep 2011 at 11:04 pm
short term gann cycle for a turn due fri/sat as well , just to add to the picture, and if it occurs it makes oct 5th a target for a more important hi or lo. you would have to guess lo at this point.
thanks matt, i had a
Germany, DAX, EWG
Posted by morgan8 on 14th of Sep 2011 at 12:32 pm
thanks matt, i had a bit of this, and panl yesterday and aray today, nice work.
cheers for that, i think
If the world was coming to an end... the Baltic Dry Index would be tanking
Posted by morgan8 on 14th of Sep 2011 at 11:45 am
cheers for that, i think it may be a bit longer than another 3 years.
more pertinant titbit for you, 48% of containers ex west coast u.s in june left port empty. stuff comes in but not much going out. except maybe jobs.
yep but have a look
If the world was coming to an end... the Baltic Dry Index would be tanking
Posted by morgan8 on 14th of Sep 2011 at 11:26 am
yep but have a look at it on a longer term like monthly for last 3 or 4 years, could hardly say it is looking good.