tag:blogger.com,1999:blog-847353783015972405.post6934328287616185838..comments2023-12-05T23:36:32.393+00:00Comments on ElectronicLocal: Questions and AnswersElectronic Localhttp://www.blogger.com/profile/10539999419310383613noreply@blogger.comBlogger6125tag:blogger.com,1999:blog-847353783015972405.post-59346729561850940552010-02-28T20:05:31.465+00:002010-02-28T20:05:31.465+00:00Hi El
As a trader for over 50 years I find your bl...Hi El<br />As a trader for over 50 years I find your blog both interesting and informative as one can always learn and improve. As to the poster who voiced much criticism, I suggest he find a paid guru so he could then decide whether or not he was getting his monies worth.<br />I am curious as to view and determine Keltner cycles<br />TIA and good trading to all. DavidAnonymousnoreply@blogger.comtag:blogger.com,1999:blog-847353783015972405.post-20033728782443990202010-02-27T15:55:19.483+00:002010-02-27T15:55:19.483+00:00Hello Boss,
Welcome back and I hope you got out o...Hello Boss,<br /><br />Welcome back and I hope you got out of your trip whatever you were looking for.<br /><br />Have you been watching the Olympics? Talk about making a sacrifice for ones profession. I think I cried like a little girl at least 5 times. The only thing is I do not know if I am crying for them or me.<br /><br />I can think of no better example of the importance of muscle memory and being able to execute without hesitation because of it.<br /><br />Anonymous, TS has Range bars and what they call Momentum bars. One builds a bar at the end of the range set, and the one builds it after. You want to use Momentum bars with TS. That is the one that is similar to everyone else’s Range bars. And as EL said you have to use it with a 1 tick setting.<br /><br />May you always stick your landing,<br /><br />RinoSeverinohttps://www.blogger.com/profile/09279332888959190709noreply@blogger.comtag:blogger.com,1999:blog-847353783015972405.post-76612456716440631492010-02-27T13:06:31.871+00:002010-02-27T13:06:31.871+00:00Thanks for replying to questions even to those tha...Thanks for replying to questions even to those that are not happy with your approach. We all react our own ways. I frequently find something insightful in your blog - either new or reinforcement. Yes, somethings are confusing but the onus is on me to learn more and get clarification. For me, the education and internalizing the key concepts - momentum, order flow, context, and the vision of what is likely to happen - are very important. A set of "buy here and sell there" rules, while useful in the education, is not enough to make one consistently profitable.tickvixhttps://www.blogger.com/profile/13831527972874653672noreply@blogger.comtag:blogger.com,1999:blog-847353783015972405.post-67755204607689696922010-02-27T05:59:17.793+00:002010-02-27T05:59:17.793+00:00shep, thanks. Yes, a very few traders are born and...shep, thanks. Yes, a very few traders are born and the rest of use have to learn a work around. There is one urban legend about the great Tom Baldwin that really appeals to me. He had started out on the floor like most of us, a losing trader. He was allegedly down to his last $25,000 with a wife and small baby when it all just clicked and he went on to be one of the largest and boldest and most profitable traders for generations. <br />Anon, you can find references in this blog's comments from TS users who suggest using a 1 tick setting for TS range bars. It may be a little different in the way it creates them, but consistently different so should not be a real issue.Electronic Localhttps://www.blogger.com/profile/10539999419310383613noreply@blogger.comtag:blogger.com,1999:blog-847353783015972405.post-903829981454514122010-02-27T04:15:03.185+00:002010-02-27T04:15:03.185+00:00Off topic... Do you know if MultiCharts calculates...Off topic... Do you know if MultiCharts calculates range bars differently than TradeStation. I know they are very similar. I am a TS user and they calculate range bars differently than all other data vendors. Any advice?Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-847353783015972405.post-23291180081664518692010-02-27T04:07:22.481+00:002010-02-27T04:07:22.481+00:00Wow, Tom is "taken to the woodshed" for ...Wow, Tom is "taken to the woodshed" for putting it out there. Learning to trade is trading to learn, so to speak. Tom can't "teach you" and I wouldn't diminish Kiki's effort by implying that trading resembles rudimentary rote learning. I am not a pro but live in Chicago and know many, some of whom are my neighbors, and many have incredible family histories. The grandfather of one of son's school mates escaped from Poland by clinging to the undercarriage of a railroad car. His father has become an extremely successful trader and his son a "firecraker" himself.<br /><br />Kiki is fortunate, to be sure, but I wouldn't know how to mentor my own son and Tom has a knack for teaching obviously. I've referenced, "Dr. Brett," who writes a prodigious blog. Talking about how to learn to trade is complicated, but you can't go wrong by starting with this trader and psychologist.<br /><br />Tom has mentioned that he uses Market Delta as it gives you the sort of information a floor trader sees. I've sat in an office at the CBOT with the most successful trader I know--no charts, levels on a sheet of paper and a screen populated with TT Doms. He's rolling a poker chip through his fingers, chatting, and there's a ding. He walks over to his desk and clicks the screen and then turns back to me. He's stood across from Tom Baldwin and others of that caliber. How does he trade? "By feel." Really, well yes, but I don't have his touch and it's taken 20 or so years.<br /><br />Give Tom props. He's giving you something too. "Don't bite the hand..." (you know) <br /><br />http://www.brettsteenbarger.com/trader_development.htmshep~https://www.blogger.com/profile/07623064457559081813noreply@blogger.com