Amos joined. biwi kids are asleep wife went out all is good warren joined. handles hi biwi Amos Hi Kelley joined. handles hi amos..... rhonda biwi do you trade stocks and commodities? handles hey yellek..... biwi hi handles amos dav warren kelly rhonda Hello Amos how are you? DaveM hello Amos... JimC joined. rhonda Hi Kelley biwi yes rhonda but now most commodities Amos I am Ok rhonda Hi Dave and JimC handles amos....how's it going in Israel these days? warren hi everyone Jerry joined. DaveM Rhonda, kelley, handles....and others hi Kelley hi Handles, biwi, and the lovely Rhonda:) rhonda biwi OK cool, just curious Kelley & Dave Amos It is going to snow tmw--strange handles wow JimC Hi biwi anytime rhonda Jerry Hello All!!... rhonda why Thank you Kelley ::smile handles mt harmon or tel aviv,,,,LOL Al joined. Kelley yw:) Amos I am going to talk about chapter 17 of Jesse biwi really in jerusalem? rhonda Hi Jerry handles cool rhonda Hello Al Amos Jerusalem not sure but Hermon mt yes Al evening all Jerry 85 degrees in sunny San Jose..LOL rhonda Hi Warren!! handles lol warren hi rhonda rhonda lol Jerry 73 here earlier Kelley handles are you out on bail? Amos If you want to see the way to San Jose... something like this warren jerry -- just over the hill from you -- santa cruz kent joined. Doc_K joined. Kelley hi Kent DaveM hi kent Jerry Hey neighbor kent hey Kelley, Dave kent Hi Jerry handles naw....got a wire on me Kelley lol rhonda do you know the way to San Jose....lol, the song handles one of those bracelets handles like president in 24 kent Rhonda !!! DaveM ankle bracelet handles Kelley lol handles yes BBob joined. rhonda Very good Amos the song is awhile back handles its so tight DaveM and a shock collar handles it hurts Amos I am humming it rhonda rhonda Hiya Kent!!!! rhonda lol Amos, me too now kent my prisoners on the work details had those kind of ankle bracelets, lol DaveM hey bob Amos waiting for the Shepard? Gary_Fullett joined. rhonda yes leader of the pack rhonda ta da BBob hi all, be back in a bit, time to put the boys to bed Jerry Warren, since I'm a native I shouls have written Sanaze, only ousiders say San Jose....lol. Kelley ok Bob Gary_Fullett back at the prison huh bob Kelley lol biwi my are sound asleep noob joined. warren lol biwi mine DaveM hi noob Gary_Fullett sydney cant make it past 7 pm lol Amos I am ready when you are rhonda Hi noob and Gary Gary_Fullett please amos warren or san joe-see if you're not lol biwi its healthy Gary_Fullett there will always be late comers Amos I will try to go thru chapter 17 of Jesse Jerry Amos, I've turned into a Wyckoff sercher, any and all info on the system is more than welcom. Amos before I start-- 2 points Amos 1. We are getting into Tripple witching and the biggest trick on that quarterly event is to GUESS which STRIKE price will punish MOST OF THE CALL AND PUT BUYERS Jerry Which of Jesse Livermore's book are we talking about? kent Reminscenses? Amos I try to ask around but NO ONE will give an HONEST ANSWER. Gary_W joined. handles max pain Amos Someone said they think that "mathematically" the s and p should expire around 1420. I thought 1400 is more likely Kelley hi GW, ty for link for e-book Amos Nasdaq around 1750? but I DO NOT KNOW Gary_W YW Kelley Gary_W ...and hi everyone Amos So the game tmw will be mostly by the big OPTION SELLERS who will keep prices so that they COLLECT ALL THE PREMIUM and then the game starts anew rhonda Hi GaryW noob More Put volume than Call. So most probably put holders get the shaft Amos 2. Watch the DXC-- is is sitting against the low of 8336 which was made 11 days ago. Friday is day 13 of that "range" Amos If the market is indeed forming a DOUBLE BOTTOM on the daily-- we have a nice clue Amos I am trying to build a short position in the euro. Amos Ok into JESSE WE GO Amos I hope you have a copy in front of you , either on screen or paper. Amos I have the paper issue in front of me (marked almost EVERY LINE) Art joined. kent reminiscences of a stock operator? Amos I have carried this book with me more years than I care to remember (certainly more than any of my many wives Gary_W left. Amos yes kent kent ok, ty Amos I call it "Jesse" Amos Chapter 17 starts with talking about "HUNCHES" and then goes into serious matter. Jerry Jesse Livermore tragic end, too sad a conclusion. Gary_W joined. Amos I will try to point out the salient points. Amos Jerry, Van Gogh cut his ears. Hemingway shot himself and Socrates drank poison swetz joined. Amos And The greatest of them all ANNA NICOLE SMITH took DIET PILLS kent lol Jerry All silly ways to end an existance. DaveM steve chap 17 jesse swetz thank you sir ::coffee Amos I never did what I am doing today-- so it may be a little awkward at the start-- so please BEAR with me. Jerry ::beer Amos I hope you all know that all the intereviewees in MARKET WIZARDS, when asked which is the BEST BOOK about trading--ALL WITHOUT EXCEPTION said Reminiscences! kent yep handles y Amos If those who made many millions think so-- who are we to argue? Jerry Agreed! Amos Ok page 211 ( in my issue) starts with story about how people thought Jesse is trading according to his black cat Amos So he devotes a whole chapter to explain some of the PSYCOLOGICAL and other aspects of trading Amos He goes to talk about "CORRELATIONS" Amos I know , or think , I struck a chord with you when I said that Correlations are dangerous-- but here he gives some important clues how to REALLY USE THEM Amos He is talking about the METAL SECTOR Amos He buys U.S STEEL and UTAH COPPER Amos both are METAL STOCKS from the SAME SECTOR. Amos BTW SECTOR ANALYSIS is one of the MOST IMPORTANT PARTS OF TRADING and WYCKOFF devotes a LOT to it. Most of us are NOT TOO DILLIGENT about it Amos So he talks how he bought 72000 shares of US STEEL because "THE MARKET BEHAVED CORRECTLY" and how he STOPPED BUYING UTAH COPPER after 5,000 because Kiran joined. Amos IT DID NOT BEHAVE CORRECTLY Amos Now This is VERY IMPORTANT Amos WHAT DOES IT MEAN BEHAVED CORRECTLY? Amos No one is sure Amos He DOES NOT EXPLAIN Amos But thruout the book he describes in bits and pieces how PRICE AND VOLUME MUST BEHAVE hugh joined. Amos That is why I think WYCKOFF took his stuff from Jesse. But I cannot prove it Amos The he said 3rd paragraph poage 213: Gary_W I mentioned the same thing to Gary F in an e-mai today Larry joined. Amos " Experience has tought me that a man can always find an opportunity to make his profits real and that this opportunity usually comes at the end of the move". Amos I find this sentence A. Condiscending and B. IMPOSSIBLE Amos I NEVERE could do that. Amos He also adds (insult to injury) :"THAT IS NOT TAPE READING OR A HUNCH" Amos This is not a nice statement. Amos But as he continues-- things begin to clear. Amos He describes how when he sold his 72000 shares of US STEEL- he got almost the top but when he came to sell his 5000 copper he lost 25,000 dollars on it- it dropped 5 points Amos Then he starts the serious stuff: Amos He compares trading to the MEDICAL PROFESSION. Amos He does it many times-- first he thinks that being a good trader is as tough as being a good doctor. Amos Second he compares the behavior of an experience trader to the behavior of an EXPERT DOCTOR making diagnosis, at times, almost WITHOUT THINKING Amos Here is what he says: Amos p. 214 Amos "A physician has to spend long years learning anatomy, physiology... He leanrs theory and then proceeds to devote his life to the PRACTICE Amos It drives me nuts to see peope after a few months of trading complaining that they still have not made their FIRST MILLION. Amos Then he adds: Amos bot of 214 Amos "You can transmit KNOWLEDGE--that is, your particular collection of card indexed facts---BUT NOT YOUR EXPERIENCE" Amos This is a HEAVY LINE. Amos YOU MUST ACCCEPT THIS SAD POINT. Amos I call it , sometimes TRADING SKILLS. Amos You CANNOT ACQUIRE IT BY OSMOSYS. Amos YOU MUST SHOW YOUR OWN SCARS FOR IT. Amos Before that Romanian girl (forgot her name) won several gold medals with 6 "10s" in gymnastics-- she workd 7 years 24/7/365 to get there Nadia Komnich... Amos 7 yeaers of very very hard work. She told about it. Gary_Fullett nadia commenici Amos How many people are willing to work so hard? Amos Thanks Gary handles mtl olympics 76 Amos Then he goes into interesting stuff Amos Middle of page 215 he counts the 4 elements of successful trading: Amos you need 4 attributes or fields: Amos 1. mathematical ability Amos 2. Accurate observation Amos 3. Experience Amos 4. Memory Amos He talks a lot about probabilites. Amos Years after I have read him many times-- I fell upon the field of CARD COUNTING and I finally understood what he meant. Alvin joined. Amos We see many situations in the market that RESEMBLE each other--and we are trying to draw conclusions that will lead to a TRADE. Amos This is akin to a CARD COUNTER AT A BLACK JACK TABLE--who is WAITING FOR THE DECK TO LEAN IN HIS FAVOUR. Amos Beginning traders DO NOT COUNT CARDS. biwi 32 aces most black jack tables Amos They jump on any situation that "SEEMS" ok. Amos biwi-- that is 4 packs right? biwi 8 Gary_Fullett 8 pack Amos Here is an important sentence: Amos Middle of 3rd paragraph page 215: handles my brother is a card counter handles shhhh handles lol biwi lol biwi shhh Jerry Use of the boot is to foul the card counter. rhonda ... Jerry Did we loose Amos? handles he's loose? handles wow Kelley lol rhonda I think he's lost, lol handles oh he is lost handles ok Jerry Hey I got bad fingers...lol. rhonda lol swetz he is playing blackjack swetz he must have doubled down handles lol swetz lol rhonda lol Jerry Ooops kent internet problems maybe ... handles swetz handles partpoker.....wooooohoooo biwi no good for card tricks lol handles no whammies rhonda Hi Swetz swetz ::ninja ::smile Jerry Okay talk amoungst your selves... swetz howdy rhonda kent ssssssssssswwwwwwwwwwwweeeeeeeeeeeeeetttttttttttttzzzzzzzzzzzzzzzzzzzz :) Amos left. Amos joined. Amos Murphy came by rhonda lol swetz kkkkkkkkkkkkkkkkkkkkkkkkkkkkeeeeeeeennnnnnnnnnnnntttttttt ::smile swetz lol Amos biwi lol Amos sorry for the glitch Jerry The law gat ya! Amos The last sentence I wrote scared the begeezus out of my own computer Gary_Fullett lol Amos please pay attnetion to it! kent lol Amos AT TIMES swetz lol Amos NOTHING WORKS ALL THE TIME Jerry Maybe a one eyed joe on the charts.. Amos Anyone who expects any tool, any method, any school of thought to work all the time-- is an IDIOT Amos The Biggest trick is to KNOW when something DOES NOT WORK Amos NOT EASY Jerry Damn now I understand why I keep messin up... Amos But then he goes and says something about it-- that is the MAIN REASON WHY I even thought of talking about him noob good to have a daily Journal of trade reviews Amos When he talks about MATHEMATICS-- he is careful about it. Amos He does admit that there IS MATH in the market. Amos But if the market was REALLY ONLY A MATHEMATICAL MODEL then there would be some GREAT MATHEMATICIANS that would have BEATEN THE MARKET Amos IT DOES NOT HAPPEN Amos LTCM Amos So the words "AT TIMES" must be recognized as a BUILT IN defense mechanism of the market itself AGAINST GENIUS MATHEMATICIANS Amos There is a cliche in trading that says that good traders make money 3 months out of the year. Amos The big question is-- what happens if you sit in front of the comptuer 16 hours a day-- (like me)-- do you EXCEED YOUR QUOTA? Amos Do you over expose yourself? Amos Do you get Curple tunnel? swetz reason I wear mittens ::smile kent carpel Amos These are IMPORTANT QUESTIONS for each and EVERYONE of US and we must answer this PERSONALLY kent lol swetz Amos carpool rhonda lol Swetz kent lol Amos swetz lol Amos Amos I must tell you that it depends on the year, on y our marital status, on your current greed--on many things Amos but one thing I can assure you-- John joined. Amos IF YOU DO NOT LEARN TO SELECT YOUR TRADE no matter how long you sit in front of the computer-- YOU WILL LOSE Jerry Amen... Amos One of the things that comes with experience is the ABILITY to sit and really WAIT for the market to set up. Amos Sometimes the solution is to scan more and more markets for that opportunity Amos that is why STOCKS are a good solution. Amos You can sit in front of the computer and keep looking at stocks, sectors, currencies, commodites and SEARCH Amos TRASDING WITHOUT PROPER HOMEWORK--is violating all the beautiful things that Jesse is explainig. Amos He says bottom of page 216: Amos " Expereince has tought me that the way a MARKET BEHAVES is an excellent guide for an opoerator to follow" Amos First he is talking about math and memory and then he is telling the REAL TRUTH Joel joined. Amos THE BEST GUIDE TO MARKET BEHAVIOR-- IS MARKET BEHAVIOR! Amos For this , of course, You must KNOW YOUR MARKET, You must live with it for a long while and know its characteristics. Amos Jesse goes on in the next senctence to this analogy: Amos "It is like taking the patient's temperature and pulse or noting the colour of the eyeballs and the coating of the toungue" Amos Think about it-- he keeps comparing TRADING to MEDICAL PROFESSION. Amos I like to say that there are many more SUCCESSFUL doctors than Successful traders-- so , perhaps trading is MUCH Tougher endeavor. Amos Then he tells his story with the WHEAT--how his own buying is "TESTING THE MARKET" Amos That is hard for a beginning trader to do-- so y ou must take him with a grain of salt Amos but page 217 of chapter 17 is one of the most IMPORTANT PAGES in that magnificent book: Amos Here is the clincher: Amos "Following the dictates of experience may possibly fool you, now and then. BUT NOT FOLLOWING THEM INVARIABLY MAKES AN ASS OF YOU" Amos Gadies and lentlemen-- I cannot begin to tell you how many 100s of thousands of dollars this sentence cost me. Amos It is VERY HARD. Amos I want to talk about it and if you want to contribute from your own expereience and wisdom-- BE MY GUEST. Amos This is very difficult to follow because TRADING is LIVE THINGY Jerry From ELO Amos You CANNOT SEPARATE WHAT happens to you in y our TRADING, IN YOUR LIFE, IN YOUR WELL BEING, IN THE SURROUNDING from the NEXT TRADE! Amos I find that I am a FANTASITC DAY TRADER WITH PROFITS Amos I SUCK after a losee Amos loss Amos But after a loss you WANT TO GET THE MONEY BACK Amos So I have to do the OPPOSITE OF what my Psyche is PUSING ME TO DO. Amos pushing Jerry Ado over would be nice! skylar joined. kent hey skylar Amos If you have been hurt by the market-- you will be GUN SHY doing the same thing again skylar Hello Kent, everyone:) Amos JESSE SAYS this is DIRE MISTAKE biwi thats me Amos He talks a lot in this chapter about PROBABILITIES. Amos One of the things you must think of as a good trader is EXPECTED VALUE and PROBABILITY Amos If a certain behavior teaches you that it works more than 50% of the time-- can you AFFORD NOT TO DO IT NEXT TIME even if you lost last 3 times you tried it? Amos THE ANSWER IS NO! Amos But that is AGAINST HUMAN MATURE! Amos We are CONDITIONED ANIMALS Amos ASK SKINNER Amos In other words-- Trading is almost COUNTER HUMAN!!! Amos You get hit and hurt by doing something that has better than 50% chance of working-- and you listen to Bill CLinton: Amos 3 strikes you are out! Amos We are conditioned to stop a certain behaviour after we get punished a few times Jerry Not for the kintons... Amos This is why mothers say: " I COUNT TO 3! IF you do not stop bEATING YOUR SISTER-- I keep counting!" Amos I should not be joing about this. Amos This is VERY SERIOUS! Jerry Hilary makes statements will not answer questions... Alvin left. Alvin joined. noob humans are primates. primitive survival instincts kick in, sell at the lows what bought at the top DaveM fright flight instinck Amos I cannot begin to tell you how many times I gave up on a model because it hit me several times to watch it making a huge move if I had taken it the 4th Amos Professional baseball players get millions for hitting .365 Amos That means they MISS 6 out of 10 times Gary_Fullett milliosn for hitting 300 Gary_Fullett no one hits 365 Gary_Fullett 7 out of 10 Amos our society rewards tremendously people who miss 6 out of 10 times Amos ok 7 biwi interesting points Amos To learn to do this with trading is VERY DIFFICULT Amos page 217 in Jesse's book should be BRONZED and put on your trading desk!!! Amos You MUST THINK OF THE LAST LOSS as a good salesman Amos I am a Poor salesman, but I remember reading a book about it and he said something like this: Amos If you make 10 calls and only one of them buys your products-- and , say , your commission is $100 then EVERY TIME YOU HEAR A " NO" Amos yOU SHOULD BE VERY HAPPY and THANK THAT person from the bottom of your heart ! Amos WHY? Amos Because you JUST MADE $10!!!!! Amos To think of EVERY REFUAL on the way to your 100 bucks as as a 10 dollar stepping stone is SO STRANGE TO ME because that person just REJECTED ME Amos Yet-- this is the secret Amos Jesse livermore says it in a different vane Amos If YOU HAVE A MODLE THAT WORKS Amos YOU MUST USE IT Amos If you do not-- you are an ASS handles i used to do that for cold calling as a young broker....it works....being rejected handles we were a group of 4 guys who did that all day Jerry Are we talking about lefever's R_of_a_S_O or a book Jesse Livermore wrote since you refer to Jesse's book? handles we are still together 12 years later swetz reminances Jerry Amos Last time when I discussed the yen someoone said the next correction will hit 8465 and I said I do not think it will go below 8550. Amos I was wrong Amos But I KEPT THIS NUMBER IN MY MIND-- NAD I BOUGHT IT HEAVILY at 8465. Amos DID ALL OF YOU? michal joined. Amos That was a good call Amos I thought that the market will hold a higher creek but it chose to test the last high of the first rally off the bottom handles some of us did Amos It is a fantatic model of JUMP AND BACK you only have to DECIDE which creek is the the creek the market will look at. Amos JUMB AND BACK IS A GOOD MODEL Amos MUST TAKE IT EVERY TIME! Amos Thrust is a good model-- MUST TAke it Amos VOB is a good moderl MUST TAKE IT EVERY TIME Amos THe fact that y ou LOSE ONLY MEANST THAT YOU ARE THAT CLOSER TO THE NEXT WINNER! Amos Now, mind y ou--- I am ONLY TALKING ABOUT MODLES THAT YOU KNOW ARE WORKING! Amos If you use the thrust in the PORK BELLIES-- You will be slaughtered many times Amos SAME MODEL DOES NOT WORK IN ALL MARKETS Amos But if you see a clear model YOU MUST TAKE IT Amos This is very difficult Amos Again, this is easy when you are winning and much more difficult after a series of losses--but you must remember MICHAEL JORDAN Amos I remember the Bulls when I lived In CHicago when PhilJohnson would say after a few losing games Amos I think he was the coach Amos "OK WE ARE GOING BACK TO BASICS!" Amos Here is a team with 5 RINGS and he is talking back to basics? Amos YES! Amos You must go to your bread and butter and IGNORE ALL ELSE. Amos Mixing methods is also a curse. Amos It conflicts with the concept of synnergy Jerry Sounds like the NYSE CEO giving a positive after the China Syndrom. ron joined. Amos On one hand you want to collect as MUCH good information to get to a high LOK Amos Yet,. if y ou mix wyckoff with other methodologies-- you may get screwed. Amos EACH ONE MUST LEARN WHAt works for him Amos I can tell you with certainty that the MORE PROFESSIONAL you will become in trading the LESS YOU WILL STRAY AWAY FROM YOUR BREAD AND BUTTER. Amos WHY? Amos Again because of that darn sentence Amos "NOT FOLLOWING THE DICTATES THAT MAKE YOU MONEY WILL MAKE AN ASS OF YOU" Amos Jesse goes on to talk about the "BEHAVIOR of the stock: Amos bottom of page 217: ron left. Amos "The behavior of a certain stock is all you need at times" Amos "You observe it?" Steve_W joined. Amos Please listen carefully Amos On one hand he is talking about math and memory-- and otoh he is talking about OBSERVING Amos He then talks about the common method of brokerage houses to prod their customers to buy the LAGGARDS Amos based on the adage that "every dog has his day" handles LOL Amos and he says how wrong that is. Jerry Bucketshops handles all the firms still do that DaveM left. handles its amazing to watch the comparables handles silly Art left. Amos "I never buy a stock even in a bull market, if it does not act as it ought to act in that kind of market" Jerry They get quick profits for no or little cost. Amos Then in middle of page 218 he is talking about probabilites: Amos this is a whole subjects for another time. Amos and then on page 219 he says this: Amos 3rd par Amos "...this was an untenable theory if you ANALYSED THE VOLUME AND CHARACTER of the TREADING in CHESTER" Amos You must read jesse many times because in the same chapter he can throw you several bones. each bone is very worthwhile but it is only part of the big picture. Amos He was after all is said and done a TAPE READER Amos In those days the teleprinter tape had only NAME, PRICE and VOLUME on it michal left. Amos and he KNEW how to measure DEMAND AND SUPPLY forces from price and volume alone. Amos He NEVER TALKS about patterns. Amos He lived BEFORE EDWARDS and MAGEE. Amos So in the final analysis-- it was his WYCKOFF that guided him to make important decisions Amos How do you reconcile all this? michal joined. Amos On one hand he is saying that the market is mathematical and then he says that you have to GUAGE the market by its OWN BEHAVIOR Amos this cannot be true rhonda ... ron joined. rhonda Amos got bumped again biwi looks like it swetz either Amos got booted or Gary is typing for him - lol biwi lol rhonda lol BBob swetz.. how high can we go on the spx? biwi ::beer time handles to da moon Amos left. Amos joined. rhonda Swetz did u read Wordens daily report today? Amos sorry swetz dont know noob welcome back swetz I didnt rhonda - I guess I need to swetz ::smile Amos this time there was a huge lightening and a short electrical disturbance rhonda it was good Amos At any rate-- he keeps telling another example and he goes back Amos to the fact that despite all the news and the misinformation Amos THE TAPE TOLD HIM OTHERWISE. Amos THIS IS VERY CRUCIAL swetz ::smile Amos This is why I COME HERE and try to share with you some valuable stuff Amos YOU ARE SITTING IN THE ONLY ROOM IN THE WORLD (as far as I KNOW) that really respects the TAPE and the VOLUME Amos rather than relying on some Mathematical gudgets and tricks Amos AS LONG AS YOU CONTINUE TO MEAURE VOLUME and price behavior-- you have a chance to succeed. Amos At least this is THE MESSAG JESSE is telling us Amos MIND YOU-- I AM NOT SAYING THAT MATH IS NOT GOOD! Amos I count fibonacci numbers ALL THE TIME Joe_K joined. Amos I COMPARE RALLIES AND REACTIONS ALL THE TIME Amos I look at retracements and reactions all the time Amos BUT THE BOTTOOM LINE goes back to TAPE READING Amos He ends the chpater with this--going back to the first line about his hunches and Black cats: Amos page 224: Amos " The subconscious mind probably went on working, reaching conlusions for me." Amos "The decision to well in Washington was the result of MY OBSERVATION>" Amos "My years of experince in trading told me that the line of least resistance had changed from up to down:" handles like his cotton trade Amos This is after a fine story how he lost his cotton trade but got right back in when is SAW SOMETHING HE UNDERSTOOD Amos again such an important point Amos You enter a trade based on something NOT SO CLEAR Amos YOU LOSE Amos What so y ou do? Amos Most people; sulk and bear grudge Amos Professional trader--waits till he UNDERSTANDS and does the same thing Amos they do it so paratrooper whose parshoot does not open Amos They make them jump again greg joined. Amos Although if at first you DO NOT SUCCEED then Sky diving is NOT you PROFESSION Jerry Do the same thing over and over and expect different results? swetz lol Amos Never bear grudge to the market! Amos Always keep a clean head Amos and DO Y OUR HOMEWORK FOR THE NEXT TRADE. swetz reason I like eating, if i mess up, I can always go back for seconds ::smile kent lol biwi very good points handles play the hand u r dealt..... Amos I started this Jesse SAGA with chapter 17 mainly because of that sentence on page 217 Jerry Good one Swetz... Amos that YOU MUST ACT ACCORDING to what your EXPERIENCE TELLS YOU WORKS more often than not Amos You cannot afford to give up because it DID NOT WORK the last few times Amos Bruce kovner has a good quote on this biwi very true Amos Market is mathematical and is NOT MATHEMATICAL Amos every thing works AT TIMES Amos But if you have a model that is based on HEALTHY ASSUMPTIONS-- YOU MUST USE THEM Amos This is why I harp on a few models Amos These are the models I KNOW WORKD Amos over the years--- if I WATED FOR THEM --THEY SHOWED ON THE CHART Amos of course-- IF YOU FORCE THEM and especially if you try to impose them on ALL TIME FRAMES-- YOU WILL GET KILLED. Amos But DENNIS DUNN showed me that the WEEKLY THRUST is one model good enough to make millions. Amos I am not telling you to wait for weekly signals Amos I AM TELLING YOU TO NEVER IGNORE WEEKLY SIGNALS AND USE THEM ALL THE TIME Amos Please understand what I am saying Amos there is a big difference between no using something and using it too much Amos again ( I need to think about it more clearly) Amos But DO NOT MISS THE BIG SIGNALS Amos TAKE THEM EVERY TIME Amos THIS IS jim Rogers saying that there are times that all y ou have to do is BEND OVER AND PICK THE MONEY rhonda I like that one Amos If you sit all day long in front of the computer and you are looking for 5 15 60 min signals--that is OK Amos BUT IF IT CAUSES YOU TO MISS A WEEKLY SIGNAL-- then all your efforts is for naught Jerry BUT keep one hand over the poserier. Amos YOU WILL NEVER BECOME WARREN BUFFET Amos I am done Amos If y ou have questions-- please ask Gary_Fullett good poinr rhonda Thank you Amos!!!! Jerry Excelent Amos. Gary_Fullett amos have tiem for a few questiosn? swetz AWESOME STUFF Amos handles i will never be warren buffet....jeeesh Gary_Fullett ahh u asked :) warren Amos this is one of your best! Amos yes Kelley thank you Mr. Cohen biwi thank you very interesting Peter thank you very much Amos, that last point in particular struck a cord with me Alvin is there one timeframe for daytrading to keep from overtrading so much? skylar thanks amos Amos warren-- You always look sharp when you quote jesse Alvin Thank You Amos Jerry I'm almost Warren Buffet ... age wise. rhonda lol Jerry Gary_W I'm only 50 Billion or so away from being buffett greg overtrading can be done on any time frame warren ::smile swetz Amos - could you give an example of a market where taking a weekly thrust would not be a wise move? Amos Alvin the only time frame to keep from over trading is between 7:30 am and 3:15 pm biwi lol Alvin ok got it lol greg lol amos Amos swetz is this a trick question? Peter must be swetz lol swetz really not Amos Perhaps hallpinios peppers is such a market Kelley lol swetz just trying to understand the weekly thrust model better Joe_K If you bought a Weekly UT, or Sold a Weekly Spring perhaps Swetz Amos The weekly thrust is simply a higher high if you want to buy and lower low if you want to sell swetz I wouldnt think that buying a market that trades above a prior week high would be wise in a downtrend Jerry Look for the one eyed joe on the chart. Amos What I am trying to stress is this: Amos DO NOT LET your daily routine obfuscate the large picture Amos You tend to lose the forest for the trees when y ou focus on the sub atomic level. Not good Amos If y ou can do both--fine swetz yep, I know what you mean Amos ::smile Amos It is NOT THAT HARD biwi are you saying buy the weekly highs and sell the weekly lows Amos All you need is an EXCEL table where you keep all the weekly highs and lows and let your ALERT SYSTEM wake ou up swetz so to paraphase the weekly thrust idea - we just need to be aware EVERYTIME that it happens right? Amos The example I remember is when the bonds made one tick high on the weekly chart in my example of symmetry. Amos I mentioned that this may be important and I kept my longs for 2 more points because I RESPECT WEEKLY THRUSTS! Amos biwi-- perhaps next time I will send Gary examples of thrusts so that we get this nomenclature settled swetz that would be great Amos - thank you ::smile rhonda Amos that would be great handles yes amos....that would be great Alvin y Amos lol it is so trivial biwi thanks i understand for the most part hold the weekly thrusts greg post them to joe's site amos :) lol Amos but trivial is good Peter I've fallen into that trap of losing the forest for the trees however, when I have sucessfully integrated multiple timeframes, these have been my best trade entries (or exits) Amos Just read the sentence Peter: Gary_Fullett but i may not share lol handles peter cotton tail....hot as a playboy centerfold Amos initegrate multiple timeframes-- This sounds like a good Ph.D thesis biwi trend is ur friend Jerry GARY_Fulett: I've got a SMI Chart with a one eyed joe on it do you want it to share with the group? swetz lol Gary Gary_Fullett sure jerry Gary_Fullett all here to ehlp Jerry I can make a PDF of it. swetz thanks Jerry ! ! ! ! ! handles joe has one eye now? Jerry Okay give me a day or two. Kelley lol handles poor joe Peter it would be Amos, maybe someday, after I'm a very sucessful trader, I'll write it ;) Amos Ok guys before the next lightening breaks me again--have a safe week and remember the options game tmw biwi thank you amos greg thats yoshi handles, lost it to a squirrel LOL swetz thanks again Amos ! ! ! ! ! ! !! ! ! ! handles lol greg greg ty amos Kelley good night Amos, ty Peter thank you again Amos Joe_K :) Alvin thanks amos Alvin gn Gary_Fullett ty amos rhonda Night Amos take care! Al Thanks Amos Amos good night all read JESSE!!!!! skylar thanks Amos handles thanks amos...... Joel gn amos Thanks Amos left. handles peace handles brother Peter have a great day Amos handles lol swetz I know what I am going to be reading this weekend swetz ::smile handles playboy???? handles again John left. rhonda cereal box? handles jeesh Kelley hustler? Joe_K playgirl biwi lol h swetz that goes without saying handles and rhonda - LOL Joe_K lol Kelley what the @!~$? rhonda lol biwi now were talking kelly Jerry GN all.. oyasuminasai. greg LOL joe handles peter cotton tail is here daily folks biwi yuk joe rhonda night Jerry JimC left. BBob left. Jerry left. kent oyasumi nasai, Jerry Peter lol Gary_Fullett ty Gary_Fullett 1 min handles till kick off Gary_Fullett any quesyion handles ? Gary_Fullett okay swetz lol kelley, joe, and biwi handles it was very clear tonight.....but looking at UT's would be interesting to me.....on weekly charts Kelley did Livermore make his fortune before Wyckoff? Joe_K Is obfusicate legal ? Gary_Fullett was tonigth ehlpful?well i show this all the time handles lol Gary_Fullett T and springs Kelley only in Mississippi Joe_K lol swetz lol kelley Gary_Fullett he made it and ost it many times Kelley ::blink Gary_Fullett when amos comes ot chciago Peter yes it occurs on cloudy days ;) Gary_Fullett will have him do a semainr handles and in Canada it is legal...everything is here biwi yes is was very helpful gary ty handles touchy feely Gary_Fullett he has a great power point thing Gary_Fullett great greg thats legal in nevada handles LOL Kelley very interesting handles here too baby kent Livermore made his fortune at the same time as Wyckoff handles lol Kelley ty Kent, so they were peers correct? Gary_Fullett wyckoff Gary_Fullett watched him Joe_K Livermore was regarded as the best of hisday Gary_Fullett during his day Joe_K The Wyckoff book on Livermore good too Gary_Fullett amos will do something extra for NL folks Gary_Fullett so will eb interesting kent Wyckoff studied Livermore and JP Morgan, ect Joe_K its only about 39 pages long Gary_Fullett i asked him so he should eb able to Joe_K but good Kelley is that an e-book Joe? Joe_K nope Joe_K Or Id send it to yas greg can you fax that to me joe? lol Gary_Fullett okay i want to thank u all Gary_Fullett amos is wonderful Kelley ok rhonda Thanks Gary Joe_K Grag its not on puter Alvin yes he is thanks too gary Gary_Fullett and his precence is appreciative Joe_K Greg Al ty Gary gn all swetz THANKS Gary Larry ty gary Joe_K Or I would Gary_Fullett likewise joe ect Gary_Fullett during the day biwi thanks Gary handles LOL Gary_Fullett hopefully see alot of u Gary_Fullett at the smeianr in reno greg actually joe, you could have it scanned for ya :) handles thanks gary for your time and effort Kelley ty Gary, good night Gary_Fullett see u tonight Larry left. handles ciao guys Gary_Fullett tommorow rather Gary_Fullett left.