Anyways I love trading and read a lot about it, but Kreslik.com is my favorite
Forum and I wanted to discuss how I implement MO-isms and some other
ideas. No other place better than here to do that.
So Stay tuned!

Moderator: moderators
TheRumpledOne wrote:We're waiting...
aliassmith wrote:
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The MARKET exists to eliminate PROFIT in ALL timeframes!
BAM!![]()
There you have it the fundamental foundation of what is yet to come.
Captain Pugwash wrote:aliassmith wrote:
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The MARKET exists to eliminate PROFIT in ALL timeframes!
BAM!![]()
There you have it the fundamental foundation of what is yet to come.
So, Alias - would it be fair to say, that before you take any position in the market, you look at the chart, and then, before clicking the "GO" button --you ask yourself this question -
"WHO's PROFIT am I taking"
This looks like it's gonna be another interesting thread
aliassmith wrote:Intermission...............
A Quote from MO:
"Every time I try to explain it it only comes out of my mouth as a riddle"
You don't say?
If you understand that if you hold a position at a large chart's extreme that you hold the potential of that chart then why would you ignore the extreme when taking a short term trade?
Why would you risk the same amount of money on weak positions as you do on strong positions?
Why not only take risks from strong positions?
When you are playing OMAHA poker you might have the same hand as your opponent but also have a draw to a larger hand; this is called 'free rolling the villain'.
Likewise in trading you want to have short term trades that might be similar to the holdings of the other market participants but with 'draws' to something larger.
MightyOne wrote:aliassmith wrote:Intermission...............
A Quote from MO:
"Every time I try to explain it it only comes out of my mouth as a riddle"
You don't say?
When their mind is ready they will see clearly![]()
'Those who search will understand, but those who hear will be confounded'
And the quote goes:
"You shouldn't take a trade just because you can make a profit"
If you understand that if you hold a position at a large chart's extreme that you hold the potential of that chart then why would you ignore the extreme when taking a short term trade?
Why would you risk the same amount of money on weak positions as you do on strong positions?
Why not only take risks from strong positions?
When you are playing OMAHA poker you might have the same hand as your opponent but also have a draw to a larger hand; this is called 'free rolling the villain'.
Likewise in trading you want to have short term trades that might be similar to the holdings of the other market participants but with 'draws' to something larger.