But that does not account for S&R. I think that a markets ability to move up above a previous high or down below a previous low may be what is...
If you notice in this example we have a general downtrend with a lot of short term counter trend rallies. I think the issue in this example is...
That makes sense. Thank you RT.
As I have said in previous threads I am programming illiterate and so I'm not able on my own to test automated systems. But the thought occurred...
Wouldn't he have to remove the ankle bracelet first?
He started off as a daytrader in the bucket shops and became more long term later in life.
I agree with the OP. I good exercise after hours to build price action reading skills is to rewind a chart back to a day that you do not remember...
If you auotrade a C2 system I would suggest having your own daily loss limit and stop. A lot of system that look good at first end up blowing up....
My father is currently invested in Overnight in the S&P and Going for a Million, both run by Craig Bender who seems to be a very good trader.
Ed Seykota is one of the great trend followers. On his website he describes 2 simple trend following methods....
It is much better to have a tight stop and get stoped out unnecessarily than to have no stop and wipe out your account. Sure you can have stops...
http://www.seykota.com/tribe/tsp/trends/index.htm
It looks to me like X, along with the indicies have entered congestion from a downtrend and usually prices exit congestion in the same direction...
Test the following: Enter long when MACD line crosses above zero line, exit when MACD line crosses below signal line. Enter short when the MACD...
And therin lies the value of TA in my opinion. Large price moves don't happen overnight. It's a process and one that can be followed a la "trend...
The top of the market was on Oct 11, 2007. But the nasty drop did not really begin until Sep 22, 2008. Any trend following methodology would have...
I expect a strong rally to get under way within the next 30 min based on bullish divergence and the characteristics of the price action.
Haha I love Larry Hite.
Too lazy to learn trading on his own and thinks that he is not capable of it. His attitude is: "I'm a lousy trader with no skill, but there are...
Sad to say I was right. He went long near todays high and is still holding. My dad was able to manually exit the trade. It does not matter how...
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