Did Tom C ever start a blog? I think it’d be a more successful spinoff than, say, Joey.

(no, this isn’t the article I said I might write in my last video!)

I’ve been reading through the OONR7 blog this morning, and it looks pretty enjoyable.

Unlike a lot of you out there, I’ve never (to my knowledge) taken a “Trader-X” trade. I’ve just never had it in me… the profit targets always seemed too lofty (and when I saw new traders try it, they usually didn’t hit the extension with any consistency). More importantly, I’m just plain too lazy to draw the fib lines (and because I rarely do it, I can never remember whether I’m supposed to drag the line up or down–and I always guess wrong and have to redo it!). Sad, but true.

But, OONR7’s spin on this style looks a little better to me. He tends to use faster charts, and uses smaller intraday fibs. I may try this out next week, for laughs. I have a theory that the only real “strategy” is a feel for price-action, and all the rest is just a framework to help grab your attention at promising times. For instance, I’ve gone from daily breakouts to intraday reversal plays these last couple weeks, and my win rate and expectancy is pretty much the same. I went from time charts to volume charts to PnF charts a while back, and my win rate and expectancy are pretty much the same. To me, this means that the strategy you use and the charts you look at really aren’t what determines your results. Just find what’s comfortable for you to look at, and what most readily shows you what you want to see… at the end of the day, you’ve still got to guess which way price is going to go.

(this is still not the article… that’s still coming… probably tomorrow… I’m tired at the moment… netflix promised that Weeds, Season 2 will be in my mailbox if I can drag my ass out there to check… if so, watching those discs will be my main activity today.)