Looks like the issue is sorted. Yet they do just that at the upper end of a bull market. We know greed triumphs fear, so that'd support the desire to get into it and not miss out over the hesitation after missing lower prices. I wonder how much of ...

vsa with Malcolm

I thought the same after reading it, especially since Intel made a point to mention why we lock in weak longs - so they don't sell. So it's consistent to lock out new buyers for the same reason. I might just be seeing what I want to see though, ...

vsa with Malcolm

If it's a shorterm move: - Locking out buyers means there's less of a rush to the door when it comes to close positions. - Some of these buyers may chase and enter near highs, giving pros more buying to sell into. If it's a longterm move: - Many ...

vsa with Malcolm

So you're suggesting the primary aim is to price potential buyers out so they never get in, which removes competition when it comes time to cover?

vsa with Malcolm

Locking out, not locking in. I've seen it referred to a few times in VSA material. E.g., in MtM is says: Page 29, talking about marking up rapidly above the left. If the idea is to punch above resistance into new highs (to prevent weak holders from ...

vsa with Malcolm

What's the purpose of locking traders out? To encourage them to chase, enter later to continue momentum, provide someone to buy back into etc?

vsa with Malcolm

I'm not much of a VSAer, but is that possible accumulation on the 6B (gpb futures) this week?

vsa with Malcolm

Not being able to make sense of it doesn't mean it is illogical.

EURUSD

It's one thing to be profitable, and another to sustain it over a career. It's easy to make a mistake, and it's not a forgiving business.

Once you can trade profitably are you rich?

Do you really need to reply to the same post twice? You've done this countless times - how about making your replies within just a few posts? Constant off-topic replies that consistent of a sentence or two just clutter up the thread.

EURUSD

I see you've made over 70 posts within a few hours, and just 3 in 9 months before today.

EURUSD

If you're a longterm trader, why would you care about it moving a handful of pips upwards? What proof does it serve?

EURUSD

Okay, then why do you think the sharpest minds in the business would only make 2 trades per year? Think about it, if you knew the Euro would drop from 1.51 to 1.19, would you make one short and leave it at that? Why would you not then follow up with ...

EURUSD

The big players make far more trades than that per year, otherwise they would be leaving a lot of money on the table. There's a lot to be made trading fast timeframes around a medium position, and trading that medium timeframe around the overall ...

EURUSD

He thinks it's going down. In any case, selling near the top of a rally likely means a good price, so if the trade goes wrong, the loss will be minimal, and possibly see a profit.

EURUSD

Sure: If you spot the heat coming around the corner, drop everything and walk. But that is countered by: It's worth the stretch. De Niro offers some good risk mangement advice, and then doesn't follow it. They have to - most if not all jobs are ...

Whats your favourite Trading Book/Movie/Show?

Wall Street, hands down.

Whats your favourite Trading Book/Movie/Show?

They might do that well if they trade randomly, but they won't. Instead, they'll fall for all of the traps and do far worse. Losers have to donate far more than the spread for the skilled traders to do as well as they do. I agree with the suggestion ...

EURUSD

I could also rob a bank within minutes. Both are theoretical and unreasonable suggestions. If we rule out a lucky break, both take significant study and planning. Robbing a bank and becoming a profitable trader aren't equal, anyway. We can assume ...

What is easier, robbing a bank or trading profitably?

There's a lot of space between "free markets" and "everything is controlled", and that's where I believe the world lies. I never suggested the markets were free, and that the markets weren't manipulated to a great extent. I just opposed the ...

EURUSD