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dug

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Saturday, March 28, 2009 - 12:35 pm:

Would someone with Cut'n'Paste/Googling skills,please find Dennis Gartman's 22 Rules of Trading and post them here?

Rather than the Yo Ho me hearties Tripe that passes for "Expert" Advice currently being posted ad Nauseum on this site,I reckon Gartman's are the most elegantly short set of Guiding Lights out there and best of all It's FREE!!

I especially want to delve into the Meaning of Rule 22.
It's when/whys and therefors of application but that's because it's a rule after my own anarchical heart.

cheers.

Even 'til Jaded.

Dig for the sake of it.

sway

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Saturday, March 28, 2009 - 12:53 pm:

Dug I don't usually Copy/Paste, but will make an exception this time.

The 22 Rules of Trading

We give you Master Trader Dennis Gartman's 22 Rules of Trading, many of which you can apply to all sorts of life situations, as well as the markets.

Every day, Dennis Gartman gets up at bout 2:30 AM and writes an information packed 4 page newsletter on the world markets, oil, currencies, commodities political happenings and much more. He is read by the major trading houses and traders all over the world, as they stumble bleary eyed into work, grabbing the Gartman Report to find out what happened as they slept and to get insight as to what the issues of the day will be, and suggestions on how to trade. Dennis puts his trades on public display and talks you through his logic. It is a most remarkable work, and I find it a key part of my struggle in trying to keep up with what is going on. I am always amazed when on the occasions I find myself in the office at an early hour to find Dennis' letter hit my inbox about 5:00 AM. His travel schedule makes mine look tame, and from wherever in the world he finds himself, he writes and sends his letter. And he still maintains a single digit handicap on the golf course.

On the Friday after Thanksgiving, he publishes his "Rules of Trading," adding to them as wisdom increases. Here is today's list:

1. Never, under any circumstance add to a losing position.... ever! Nothing more need be said; to do otherwise will eventually and absolutely lead to ruin!

2. Trade like a mercenary guerrilla. We must fight on the winning side and be willing to change sides readily when one side has gained the upper hand.

3. Capital comes in two varieties: Mental and that which is in your pocket or account. Of the two types of capital, the mental is the more important and expensive of the two. Holding to losing positions costs measurable sums of actual capital, but it costs immeasurable sums of mental capital.

4. The objective is not to buy low and sell high, but to buy high and to sell higher. We can never know what price is "low." Nor can we know what price is "high." Always remember that sugar once fell from $1.25/lb to 2 cent/lb and seemed "cheap" many times along the way.

5. In bull markets we can only be long or neutral, and in bear markets we can only be short or neutral. That may seem self-evident; it is not, and it is a lesson learned too late by far too many.

6. "Markets can remain illogical longer than you or I can remain solvent," according to our good friend, Dr. A. Gary Shilling. Illogic often reigns and markets are enormously inefficient despite what the academics believe.

7. Sell markets that show the greatest weakness, and buy those that show the greatest strength. Metaphorically, when bearish, throw your rocks into the wettest paper sack, for they break most readily. In bull markets, we need to ride upon the strongest winds... they shall carry us higher than shall lesser ones.

8. Try to trade the first day of a gap, for gaps usually indicate violent new action. We have come to respect "gaps" in our nearly thirty years of watching markets; when they happen (especially in stocks) they are usually very important.

9. Trading runs in cycles: some good; most bad. Trade large and aggressively when trading well; trade small and modestly when trading poorly. In "good times," even errors are profitable; in "bad times" even the most well researched trades go awry. This is the nature of trading; accept it.

10. To trade successfully, think like a fundamentalist; trade like a technician. It is imperative that we understand the fundamentals driving a trade, but also that we understand the market's technicals. When we do, then, and only then, can we or should we, trade.

11. Respect "outside reversals" after extended bull or bear runs. Reversal days on the charts signal the final exhaustion of the bullish or bearish forces that drove the market previously. Respect them, and respect even more "weekly" and "monthly," reversals.

12. Keep your technical systems simple. Complicated systems breed confusion; simplicity breeds elegance.

13. Respect and embrace the very normal 50-62% retracements that take prices back to major trends. If a trade is missed, wait patiently for the market to retrace. Far more often than not, retracements happen... just as we are about to give up hope that they shall not.

14. An understanding of mass psychology is often more important than an understanding of economics. Markets are driven by human beings making human errors and also making super-human insights.

15. Establish initial positions on strength in bull markets and on weakness in bear markets. The first "addition" should also be added on strength as the market shows the trend to be working. Henceforth, subsequent additions are to be added on retracements.

16. Bear markets are more violent than are bull markets and so also are their retracements.

17. Be patient with winning trades; be enormously impatient with losing trades. Remember it is quite possible to make large sums trading/investing if we are "right" only 30% of the time, as long as our losses are small and our profits are large.

18. The market is the sum total of the wisdom ... and the ignorance...of all of those who deal in it; and we dare not argue with the market's wisdom. If we learn nothing more than this we've learned much indeed.

19. Do more of that which is working and less of that which is not: If a market is strong, buy more; if a market is weak, sell more. New highs are to be bought; new lows sold.

20. The hard trade is the right trade: If it is easy to sell, don't; and if it is easy to buy, don't. Do the trade that is hard to do and that which the crowd finds objectionable. Peter Steidelmeyer taught us this twenty five years ago and it holds truer now than then.

21. There is never one cockroach! This is the "winning" new rule submitted by our friend, Tom Powell.

22. All rules are meant to be broken: The trick is knowing when... and how infrequently this rule may be invoked!

This is not a recommendation or advice. As they say .... DYOR.

dug

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Tuesday, March 31, 2009 - 12:11 pm:

Want examples of Advanced TA trading set-ups?

Gander at [Error Button enforced]
Edit-Site can be found by
Trading Naked+set ups or share trading
may get it.
Haven't tried actually Search Engining this method.

I hope that this is not considered Advertising.
It provides Food for Thought.It has a Chinese Menu of Methods;It is not a porn portal/
Anyway it's Free or at least only on a Free Will Donation Basis after you've read all it has to offer.
What's more seems you have difficulties being interactive ie asking questions,getting specific answers etc etc.It's not a Forum.

Anyway,as I'm under "investigation" at d'Mo and am being denigrated for how I interrrrreact with "newbies" would someone draw sally7 's attention up in Systems to this post.

Yes,I'm real shy of those of d'Female Persuasion like real embarrassed to reply with a Trading Naked Site first up!Let alone PM a "shiela" with the actual Word[s]

Even 'til Jaded.

Dig for the sake of it.

dug

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Tuesday, March 31, 2009 - 02:28 pm:

Now if you really wanna Get Serious or perhaps be shown some high minded thinking on Analyzing Shares,check this one out-
www.csun.edu/~vcovrig/covrig_Ng_JBF.pdf

It purports to be an academic study that provides a formula to be able to tell Institutional vs Retail Accumulation by Volume Analysis.
As far as I can tell it's Quantative Analysis[QA]debunking any "silly" notion that Volume Following is a waste of time because Durhh Every Sale has a Buyer.

if ya can read it and do d'Pauline[please explain]of d'Gist 4 me?
well I'd be grateful.
cheers

Even 'til Jaded.

Dig for the sake of it.

dug

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Monday, April 27, 2009 - 02:36 pm:

dug wrote on Tuesday, March 31, 2009 - 02:28 pm:
thinking on Analyzing Shares,check this one out-
www.csun.edu/~vcovrig/covrig_Ng_JBF.pdf

try Covrig with a Capital C not lower case.
should work.

Even 'til Jaded.

Dig for the sake of it.

gdd3

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Wednesday, December 16, 2009 - 01:24 pm:

As we head into our "traditional" yearly Trading "quiet time" I thought it would be a good time to re-introduce this thread started by Dug, and mostly contributed by him, at what has now been proved as an important time in Global Markets...March 09.

Why re-introduce this you may ask?...well maybe for some of those "newbies" that have joined us(@ I.C.) since then and also for some of we "oldies"...as a refresher of sorts. And I guess I'm particularly referring to Gartman's 22 Rules of Trading requested by Dug and kindly posted by Sway as seen above.

Whilst we may not agree, as individual traders/investors, to all his rules I'm sure some are included in your "Trading Plan/Rules", if indeed you have any??? Me personally, from a trading psychology point of view, I like his rules 6, 9, 14, 17 and 18 with 14/18 being the best....understanding Fear, Hope and Greed in the markets(my words). Whilst, from a practical trading point of view, I like his rule No's 8, 11, 12 and 15.

Now Dug has already suggested he was interested in Rule No.22 and I'll let him expand if he wants/wishes too BUT will ask what are your Rules of interest from Gartman's list or any other list for that fact?

Cheers
Dolphin

dug

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Sunday, December 20, 2009 - 09:50 pm:

it's tricky and difficult to move IC members to participate,don't ya reckon gd?

hey,elisabeth.
Rule 8 about gaps etc
you have an 'issue' with,right?

archer,palace,rockon,jimmy even chingas
can't ya wade in and Share?

or don't you wanna know 'em
unless they're in sea shanty
Chant
[or should that be
Cant]

IC must have No Low Rent Tenant,
so give us ya IP
Point of View
on any one
of these Gartman Tenets.

I'm struck by the double/triple "provisos' in each one.
22 maxims/standards of practical complexity.

Wisdom/Useful IP
that ya get for FREE!

i'll do blessed #10

but later,hopefully after someone else than bleeding Hershy makes a contribution/example.

Even 'til Jaded.

Dig for the sake of it.

jimmyswell

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Monday, December 21, 2009 - 10:38 am:

Well, I'll weigh in after Dug's kind invitation.

These would be guidelines for me, rather than rules, and nearly all sound like blatant commonsense to mine ears.

11. I must admit, I don't understand 11 because I don't know what an "outside reversal" looks like - is it a candle construct?

18. I don't view the market as this big bucket of wisdom. I see it as a chaotic morass of conflicting systems, forces and stupidity.

gdd3

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Monday, December 21, 2009 - 01:54 pm:

Hi Jimmy,

Thanks for the contribution(its hard not to refuse an invite from Dug, right!....jokin' Dug).

Re rule 11; Gartman's "outside reversals" are more commonly known as "Key Reversals" and right here via the I.C.'s "HELP" pages(oddly enough under 'Chart Patterns') you get no better explanation than Colin's excellent summary...but to expediate this for you and others I've attached it here...just click, Man.

incredible charts key reversal.mht (197.5 k)

As for rule 18 I like your 'interpretation' of what the "markets" represent(in terms of "wisdom")in merely a"...chaotic morass of conflicting systems, forces and stupidity." However, I think what Gartman is getting at is no matter how you view(see) what the Market represents IT MUST BE RESPECTED, and I believe he is saying understand what phase a 'market' is in at a particular time and know whether it is Fear, Hope Or Greed that is driving it at the same time....and all 3 are ever present in our markets most of the time. He also simply could be meaning to follow the 'current' trend(follow what the 'summation' of all the factors that are present in the market and hence driving it in one direction).

Cheers
Dolphin

gdd3

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Monday, December 21, 2009 - 02:01 pm:

"Key Reversal Patterns"

Well, I'm not too sure why the 'internal'(I.C.)upload didn't/doesn't work at present(it'll be because of "simpleton" moi!, no doubt) but if you go to ....

"Help, then Education, Chart Patterns, Reversal Days, Key Reversals" you will find what I was trying to upload!

Dolphin

(Message edited by gdd3 on December 21, 2009)

rockon

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Wednesday, December 23, 2009 - 12:03 pm:

Rule 2 & 3 could almost be rolled into one. As most of us only dabble in the long side, changing sides is simply selling what we own.

I have seen another rule recently (can't remember where...possibly one of Rene's crew or one of the yank sites) that says "never sell a share for less than what you paid for it".

Now if Mr Gartman reckons we can make money on 30% winning trades, and if holding losers costs more than money, and we buy shares because we believe they are going to go up, should we not be thinking about making our entry price the initial stop instead of the usual 5%, 10% or support line.I'd like a dollar for every trade I've done where a 5% gain has turned into a 10% loss.This would force us into waiting for positive confirmation before buying in the first place.A trailing stop would have to be moved up daily in order to maximise profits from that particular move. This flies in the face, though of the age old rule of "Let your profits run" which allows you to use a 5%, 10% or support based stop or whatever sort of stop you use.

I myself have much trouble selling anything for a $30 or $40 profit seeing as I have convinced myself that it is going nowhere but up.If it does a swan dive, then it is much easier to sell for a $300-$800 loss.Makes one wonder wether we should put more brainwork into these things.

For every apparently sane rule, there will be thousands who think it's idiotic, so these are my thoughts only with no real opinion yet, but it's food for thought....Happy Christmas to all...

elisabeth

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Sunday, December 27, 2009 - 04:24 pm:

8. Try to trade the first day of a gap, for gaps usually indicate violent new action. We have come to respect "gaps" in our nearly thirty years of watching markets; when they happen (especially in stocks) they are usually very important.

22. All rules are meant to be broken: The trick is knowing when... and how infrequently this rule may be invoked!

GAPS

Hi Dug, yip, as you know, I take lots of notice of gaps. In terms of the rules above, rule 22 applies particularly to rule 8 because you need to first try to identify the type of gap (and also eliminate any gaps caused by dividends, new share issues, etc.)

“Violent new action” can come at the end of a long move, indicating exhaustion of the trend - there can be big volume on these moves as amateurs emotionally buy the stock for fear of missing out and professionals are selling as they see the end of the trend.

Breakaway gaps are the ones to trade – these occur after significant bottoming/topping action or from consolidation/congestion zones. These gaps can stay open for weeks, months, even years. Big volume on the break indicates great pressure behind the new trend – the sooner you jump on board, the better.

Island reversals are also very strong signals to enter a trade.

Continuation gaps are those in the middle of a trend, though more caution needed trading these as they might be exhaustion gaps.

Here are a few gap pointers from various sources (Bedford, Paris, Guppy, IC, etc):

* Gaps in an uptrend should be confirmed by volume (volume not necessary for downward gap)

* Gaps are fairly common in high velocity stocks, thus they are more significant when they occur in a more orderly trading stock

* A gap with a long (dominant) candle is more significant

* The gap is more likely to be sustained if price gaps over a previously strong level of resistance on heavy volume

* When the gap is closed it is no longer a level of support/resistance

* Gaps within a consolidation range are most likely common gaps. Though they may occur on a slight increase in volume, they show no follow-through with a new High or Low. They usually close within a few days

* The longer the range that preceded the gap break, the better the chances are of a longer subsequent trend

Elisabeth

gdd3

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Monday, December 28, 2009 - 07:57 am:

Elizabeth,

Excellent summary of the 'significance/various
importances' of "gaps"...No matter how long one has been trading or studying the markets you can always learn( and sometimes re-learn (if you accept this grammer)by sharing one's experiences and observations. So thanks for the contribution to this topic.

Dolphin

hershy

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Monday, December 28, 2009 - 10:34 am:

Hi Elisabeth,

Let me start by stating that "Trading rules" is a concept I do not understand. Mea Culpa !

Great explanation of the principle of trading gaps.
There is some confusion among traders as to what a gap actually is. Everybody can recognise and accept a gap where the high of a day is visibly lower than the low of the previous day, Few will notice, not to mention accept as a gap a situation where the low of a day is higher than the low of the previous day. The day started with a gap up from the previous close. Do you attach the same significance to such a phenomenon as you would to a visible gap ?

I've been on my cruise ship for 3 days and have not left my cabin yet. There are two doors in my cabin. One leads to the bathroom and the other has a sign on the door knob that says "Do not disturb".

http://members.optusnet.com.au/~hershy/

jimmyswell

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Monday, December 28, 2009 - 10:40 am:

Hi Elizabeth,

Thanks for the great insights. I seem to perpetually mis-read exhaustion gaps.

It would be tremendously illustrative if you could post 3-4 charts showing the typical sorts of gaps you talk about in your post. ie the ones that would spike your interest as a buy signal.

Thanks
Jimmy

ivor

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Monday, December 28, 2009 - 02:28 pm:

Hello all

Here's a couple of examples of breakaway gaps on the one chart.

Cheers
Ivor

ivor

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Monday, December 28, 2009 - 02:44 pm:

And here's a breakaway gap that I would use as a buy signal for GNS.

Cheers
Ivor

ivor

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Monday, December 28, 2009 - 03:09 pm:

Hello Hershy,

Here's a little breakaway gap that you may be interested in ?

Regards
Ivor

elisabeth

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Monday, December 28, 2009 - 03:25 pm:

Hershy, I’m with you – my lack of discipline is the reason I still have to slog away at a full time job!

Those “non-visible" gaps. There are several in the chart of JML below – see the area just after the purple Island Reversal – they just don’t seem to go anywhere so in this case they are not as significant as clearly visible gaps. I think an intra-day trader would be more likely to pay more attention to this kind of gap. However look at that scary black candle to the R of the Island Cluster. Imagine open on that day – gap up over resistance after a gap up the previous day. Without having intraday data we cannot be sure when the spike was formed, but a gap up could have been seen as a continuation as price rose. Nothing is a certainty!

There are also several “non-visible” gaps in the WHE chart – I find them time consuming to find & analyse, so don’t really look for them in my stocks on watch.

Jimmy, a couple more charts.

JML, in the first rally on the left (earlier this year), has quite a good example of the 3 gaps within a trend. Some say that the exhaustion gap should be on low volume, but as here, that’s often not the case. There are also not always 3 gaps (or even 2). The first reversal has 2 clear gaps, the next rally has 3, the next reversal and rally have 2 each.

JML

WHE had 4 gaps on it’s rally from 25 to 75c on volume varying from insignificant on the first break to huge on the continuation gap. You could also look at it as 2 separate rallies, the first one having an “non-visible” exhaustion gap in early August, the second a small “non-visible” continuation from that small pivot mid-September.

WHE

I’m really only interested in breakaway gaps and too often I mistrust them and the stock goes on without me. I wasn’t watching WHE at the time of the first break, but I would definitely have been put off by the low volume.

I also take gaps into account when setting targets, ie if I’m buying, and there’s a clear gap in the downtrend prior to the reversal, that gap will definitely factor into my target/profit-taking decision.

Elisabeth

dug

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Monday, December 28, 2009 - 03:32 pm:

ivor,
please include volumes in your charts especially in this case where a definition of significance in gaps uses volume.

ivor,discussion of volume as an indicator has been 'supressed' on this site for years.

by the petty quipper that has every buy has a seller,quid pro quo,balanced equation,no outcome proposition is a study of Volume

anyhow some waffle,purely sophist and academic indulged in by all too clever "richards" that
somehow is to lead you into ignoring volume in preference to ?

well,pretty much all we got so far is developing some secret,personal calculus/high math formula that you know but it's a secret but don't think about Volume rather think that there are Great Ones,Leaders of Men Adored by the Loyal and ......

geezus chuckit's really easy to see why you are so down on Thinking in your latest vanity Top Of The Board Thread.

anyhow,ivor,jimmy,elizabeth,gdd3,blessed hershy volume is generally accepted as a worthwhile indicator.yes,there's intricacies in analysising it because every buy is a sale and yes the weight of sales,the indication to 'amateurs' can be manipulated but for pete's sake

No Significant ACT of Accumulation or Distribution can occur without showing up in Volume.
[perhaps other than the high drama circumstances of hostile TakeOver but even these can have had previous volume indications]

Anyhow, even though Every Trade you do should NOT be primarily based on some Volume Signal Exclusively there's is no wisdom,market knowledge,bleeding point in completely ignoring a day's/weeks/months volume analsis to give your trading success.

there is no absolute right and perfect expert ways and means in the Share Market,you just have to have confidence to have a Go,make a pick/plan,put ya money down and be grateful that your skills made you a buck and humble enough to quickly acknowledge you're wrong and/or are getting too fancy and full of ya self thinking your some BigTime Share Trader that a book or a movie or a youtube bit should be done on you!!

i'm thinking about #20,the hard trade is best.
interesting concept,hey.?
goes along with my dislike of the KISS doctrine so prevalant around here.
I always concentrated on that second S ie Stupid

Keep it Simple,Stupid

way too patronising/double inuendoed/smart bottom stuff for dodos
maxim/system/proposition as far as I see.

like too glib,not very effective specifically to the share market,
better covered in rule 12 above about simple TA has an elegance to it.

anyway,enuf absorbing for me today.
cheers

Even 'til Jaded.

Dig for the sake of it.

ivor

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Monday, December 28, 2009 - 04:19 pm:

Hi Dug,

Volume is something I often overlook, sometimes to my cost.
Having another look at GNS, it's gapped up and bounced with above average volume. Makes it quite a strong buy signal really.

Regards
Ivor

ivor

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Monday, December 28, 2009 - 04:25 pm:

Hello Elisabeth,

I like the charting system you've posted for jabiru. I'm on the lookout for a good intraday charting system. If the one you're using has intraday, could you let me know where it comes from.

Thanks
Ivor

hershy

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Monday, December 28, 2009 - 05:06 pm:

Hi Elisabeth
Jabiru is not an easy chart to use as an example.
It has as many gaps as my colander.
But I do see clearly your examples and the explanations are excellent.
Thank you.

Dug, I fully endorse you comments about volume. I do take note of volume but seldom post the volume chart.
And Dug, why may I ask am I blessed ?
Oh, and BTW, a few weeks back I sent you an email with some stuff I thought you may have been interested in. May have been relevant to your conspiracy theory vis a vis DYE. Did you ever receive it ?

Ivor, The Nomad gap is indeed interesting. A look at a weekly chart shows a two bar reversal. This may go,places but I would have liked to see much higher volume.

captain_chaza

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Monday, December 28, 2009 - 06:00 pm:

Ahoy Ivor

Once you work out WHY all the Volume indicators don't work when you most need them
ie: At the Tops and at the Bottoms
You be a lot better off

Don't believe a word you hear from with regard to Volume by IC's self appointed guardian of the Status Quo (Sheep)

I personally have no need for a Sheep dog

I only look at Volume to see if I can get set (Set the sail) and with how much money is a safe amount (Weight of the sail)

Gaps are great if you Know how to define The Gap

Gaps and the relevance of Gaps on Heavy Weighted sails such as RIO are not the same as Gaps on Bluechips/Blue sheets, Greenchips/Green sheets
and Pink sheets

A Sail is a Sail is a Sail except when it is not weighted the same

It's a bit like Punching Out Of Your Weight in the Great Sport of Boxing

Salute and Gods' speed

(Message edited by Captain_Chaza on December 28, 2009)

"While we stop and think, we often miss our opportunity." Publilius Syrus, 1st century B.C.

"I believe the future is only the past again, entered through another gate."
Sir Arthur Wing Pinero 1893

"There are two times in a man's life when he should not speculate: When he can't afford it, and when he can." Mark Twain, 1897

dug

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Monday, December 28, 2009 - 07:09 pm:

captain_chaza wrote on Monday, December 28, 2009 - 06:00 pm:
Once you work out WHY all the Volume indicators don't work when you most need them
ie: At the Tops and at the Bottoms
You be a lot better off

how insightful?I thought only WannaBe Legends advocated/graded themselves on Top and Bottom Picking.As per #4 above but denis is rubbish compared to you,hey chuck?
you know,the Ones who only are hindsight heros,come around declaring their great buy after the event and BTW never able to actually make a declaration of Selling pertinent/timely even educational no it's all 50%,other people's money cliche rip off as one's own saying and....

well,charlie don't you think we're all awake up to your pecadillos?
ya DILDO!!
as in what a Dill DOes.

Even 'til Jaded.

Dig for the sake of it.

hershy

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Monday, December 28, 2009 - 09:34 pm:

Have to agree with Dug Charles, though I am sure he does not need my support. It would be refreshing if for a change you actually posted something of substance rather than the carp you sheets and things.
We all know you are sheet head, you don't actually have to prove it you know !

How about some examples and charts ? How do you trade gaps ? Do you enter after them or do you use them to exit ? Do you use them at all ?
I won't let you demolish Elisabeth's great post with a few
empty enigmatic lines as per your usual style. So Charles, put up or shut up!

ROTFL, I will not comment on your newly acquired nickname !

captain_chaza

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Monday, December 28, 2009 - 09:40 pm:

hershy wrote on Monday, December 28, 2009 - 05:06 pm:
And Dug, why may I ask am I blessed ?

Wake up Hershy,
You have been warned many times
"Blessed" is used as in "Poxed"
It is more like a limp wristed slap of abuse
It is not a compliment

Salute and Gods' speed with your Futile Volume Analysis

hershy

Member

Post Number: 2906
Registered: 10-2002

Rating: N/A
Votes: 0


Monday, December 28, 2009 - 09:52 pm:

I know it is not a compliment.
I have obviously antagonised Dug and am wondering how.
I cannot sleep at night because of this.
.
So Charles, can you expand your views on the futility of volume analysis or are you afraid we'll laugh at you ?
I mean we do already anyway so what have you got to lose ?

dug

Member

Post Number: 3773
Registered: 07-2005

Rating:
Votes: 2


Monday, December 28, 2009 - 10:19 pm:

you really are charles a southern ponce.
blessed is used,by me,instead of the great australian adjective of bloody.
i also use bleeding.
it's called writing style,chuck and if you ever got around to justifying your profile claim to be a writer,you just might be able to understand that you,chuck are a poseur,
a dilletante,in your own terms, a wanker,a mere dildo,a fake swinging dick.[that's share market talk/term also]

charlie it's you who have more in ya closest than flash,metro moi.
one only has to look at your 'crew' illustrations to get d'picture on your state of mind,charlie.too retro sexist you maintain.no wonder ya women left you.

ohh pal,you ain't very 'sophisticated' really,hey?
old time queen,is that ya secret??
ha,ha ya gotta be a joke.

you don't have to be 'hurt' pysically,charlie.taking ya ego/head out,paining your tenuous self esteem, can also be done.Trust me.Your days of playing this forum with ya garbage are finishing.Shape up or "Ship Out".
..........................................................

hershy,yes i got your email about Israeli Solar Problems.Did you note that it was because Government Subsidy caused a band wagon effect? and no doubt,dave's 3G solar outfit has also been 'damaged'.

DYE's "simmering",yes it has a disappointing performance long term but of the Green Sector it's the best i've found meeting my criteria so,one day it,blessedly well will justify my faith in taking me to Mammon.

off for a holiday drink and horizontal recreation.
sleep well,chuck!!

Even 'til Jaded.

Dig for the sake of it.

captain_chaza

Member

Post Number: 4202
Registered: 02-2003

Rating: N/A
Votes: 0


Tuesday, December 29, 2009 - 05:50 pm:

Ahoy Hershy

If you have ever studied my choices in Our Weekly Competition
"I try to anticipate Gaps"

I just hate Hoisting a sail in the middle of a gale
It is much more comfortable in my mind to hoist a sail before She Really Blows

"Patience is Everything"

You should have already noticed that I have little/no respect for futile Volume studies over the last 5 years

I include my last 2 Weekly choices of Sail as confirmation

Maybe there will be a Gap tomorrow?

AZO

And Last Week
NO!
I have not sold 1(ONE) RVR share Yet

RVR

Salute and Gods' speed to you in whatever you choose to do in the future

(Message edited by Captain_Chaza on December 29, 2009)

tony_m

Member

Post Number: 711
Registered: 01-2003

Rating:
Votes: 3


Tuesday, December 29, 2009 - 06:53 pm:

Decided to have a look after a few years and sadly nothing has changed. Still the domain of a few people ripping into each other.

Have you ever stopped to think why so few people are involved in the forum any more..

hershy

Member

Post Number: 2908
Registered: 10-2002

Rating: N/A
Votes: 0


Tuesday, December 29, 2009 - 07:30 pm:

Charles,
Toni m is right.

BUT he obviously does not know how to have a good time.

"I try to anticipate Gaps"

Do you realise how insane that sounds ?

captain_chaza

Member

Post Number: 4203
Registered: 02-2003

Rating:
Votes: 1


Tuesday, December 29, 2009 - 07:42 pm:

Welcome Back Tony

From my memory you contributed VERY LITTLE/ZILCH /ABSOLUTELY NOTHING when you were here

How about putting your foot forward for a change and show us what we have all been missing out on!

I suggest that : "Talk is Cheap"
and I also suggest that you have nothing to offer

It's your move!/To prove me wrong!

dug

Member

Post Number: 3774
Registered: 07-2005

Rating: N/A
Votes: 0


Tuesday, December 29, 2009 - 07:50 pm:

Is there any other Volume Indicator than On Balance Volume or the Twiggs?
If so please advise and educate me.
Perhaps advise of any indicator that indicates a top or bottom.

captain_chaza wrote on Monday, December 28, 2009 - 06:00 pm:
Once you work out WHY all the Volume indicators don't work when you most need them
ie: At the Tops and at the Bottoms

so what is this statement actually disparaging?
any use of Volume Analysis whatsoever?
because when you 'need' it[at tops and bottoms]it doesn't
'indicate' ergo you shouldn't be bothered thinking even looking at volume.

this is what really irritates me,all you star voters.
these dictates of the captain that are completely inexplicable/illogical and i say they're made to stifle any discussion and certainly i reckon that they intimidate beginners/new members from discussion of market techniques.

now,i know my last post was personally insulting to chuck but i hope you notice a group of members,new and old,were having quite a productive,friendly,educational,informative discussion about trading rules,gaps,and volume usefulness and what did we/they get?

well,I say that charles wafted in,threw out his cliche or rule that Volume is a Waste of Time or,geezus I can not see that there was anything much constructive what's so ever in his post other than to belittle participants in his usual way.

yet supposedly 3/4 of you voted near excellence for this TWADDLE and i get cast with this clown as some 'disturbing' influence by bleeding tony m.

despair.why can't you see what i see and if you do why don't you confront the 'problem' and participate in a solution to
This site is not "allowed" to discuss many matters pertaining to the Share Market and/or Trading unless
chuck 'approves'of the participants and/or topic ie they've been shanghied into his 'fans' or some such Guru CRAP!!

sigh,hope i die before i get old.

Even 'til Jaded.

Dig for the sake of it.

tony_m

Member

Post Number: 712
Registered: 01-2003

Rating:
Votes: 1


Tuesday, December 29, 2009 - 08:06 pm:

I will check back in another few years, I didn't realise the 700 or so previous posts were so bad, nobody told me at the time so there is not much point is there....

captain_chaza

Member

Post Number: 4204
Registered: 02-2003

Rating:
Votes: 3


Tuesday, December 29, 2009 - 08:16 pm:

Hey junior (jr)

I only give my opinion based on the art of Technical Analysis

I suggest that you spend a lot more time researching TA of Shares rather than IC members profiles

In both arenas I have found that you are Way Off Course and sadly lacking in expertise

I only feed you what I want to Feed you

AND YOU ARE FED!

Please check my IC Profile for updates at your whim

I HAVE A GOOD MIND TO ADD 3 WORDS Per Month to keep you entertained

captain_chaza

Member

Post Number: 4205
Registered: 02-2003

Rating: N/A
Votes: 0


Tuesday, December 29, 2009 - 08:25 pm:

tony_m wrote on Tuesday, December 29, 2009 - 08:06 pm:
I will check back in another few years, I didn't realise the 700 or so previous posts were so bad, nobody told me at the time so there is not much point is there....

I/NOBODY would give medals out to DESERTERS!

NB: Don't insult the FEW that kept this IC Forum going with one of your Brave/Gutless moments in time

PS I read all of your 700 posts and found nothing
Could you please direct me to the relevant posts that you are so proud of?

lucky_phil

Member

Post Number: 142
Registered: 06-2006

Rating: N/A
Votes: 0


Tuesday, December 29, 2009 - 08:50 pm:

Hi all,

I've been away for a while but have been trying to catch up on the forums over Christmas. Interesting to read the different views on the importance of volume in trading. A couple of years ago Hilarius and others had a small group looking at the role of volume changes in preceding price movements. From memory I think the data was inconclusive but my involvement in that group helped me to incorporate changes in relative and absolute volume into my trading style and I think it has improved my strike rate and position sizing - at the very least I am more comfortable executing trades than I was previously. I am not sure if Hilarius is still around but I know he had a very good database running at the time. I would not consider a trade now without first considering volume as an indicator of risk and potential return.

It is disappointing to note that the forum appears to be dominated by a few protagonists intent on proving themselves right without evidence ( or is that one protagonist). I am reminded of something my father often said "never argue with a fool, they'll drag you down to their level and beat you with experience".

Good trading to all for 2010
Phil

Whoa you know you can't spend what you ain't got,
you can't lose what you ain't never had - McKinley Morganfield

hershy

Member

Post Number: 2909
Registered: 10-2002

Rating: N/A
Votes: 0


Tuesday, December 29, 2009 - 08:51 pm:

Charles.
Enough already !
Go back to sulking and let us get on with the business of the forum without you trying to cast your shadow over everything !

You are incorrigible.
The three words we would love to see from you are
"I am leaving"

My finger is poised over the protest button to facilitate just that.

captain_chaza

Member

Post Number: 4206
Registered: 02-2003

Rating: N/A
Votes: 0


Tuesday, December 29, 2009 - 08:51 pm:

hershy wrote on Tuesday, December 29, 2009 - 07:30 pm:
"I try to anticipate Gaps"

Do you realise how insane that sounds

Hershy,
Are you suggesting that AZO or RVR /either or both cannot Gap Up in the morning?

captain_chaza

Member

Post Number: 4207
Registered: 02-2003

Rating: N/A
Votes: 0


Tuesday, December 29, 2009 - 09:26 pm:

Hershy

You asked the question
I answered
"AND WITH CHARTS"

If you didn't like the answer then my only advice is
"Don't ask me any more questions"

Problem Solved!

You stuffed up the Competition so you might as well continue and stuff up the forum!

Your Part-Time efforts and with your part -time attitude to the Share Market I feel that it is
"Dangerous"

Nevertheless, I wish you well in the annual IC most Popular Person Award

There are many ways to Win in This life

My Mother says
"I am still The Sentimental Favourite"

(Message edited by Captain_Chaza on December 29, 2009)

(Message edited by Captain_Chaza on December 29, 2009)

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captain_chaza

Member

Post Number: 4210
Registered: 02-2003

Rating: N/A
Votes: 0


Wednesday, December 30, 2009 - 06:27 pm:

Well Hershy
Patience is Everything

Here's The Anticipated Gap
AND
We now have VOLUME also and a 34% lift in price in 2(TWO) days

AZO

I suggest you extract that famous digit of yours and "Learn by Doing"
I learnt this Tack in high competition in our Weekly Competition over many years and so have many others
The 1st Officer Dolphin in particular does it quite regularly when he puts his mind to it

At least you now know what you don't know

No need to thank me

It is the last lesson you will ever get from me!

Bon Voyage