Some members say: don't try to catch a falling knife, meaning don't trade against the trend.
Post the chart and explain. It's easier to start a discussion that way. You might even get a visit from Hershey.
I haven't read Covel's books, but ... Open your chart of preference and look for: HL & HH => up trend LH & LL => down trend other situations...
Has everybody noticed that rising 10% from $100 is $10, then dropping 10% from $110 is $11?
In "up trends" the price goes up faster and easier, in "down trends" it goes down faster and easier, in "lateral trends" it is about the same....
A statistical approach will yield statistical results. Imagine driving your car statistically. Driving it empirically is another laugh. People...
I feel sorry for Hershey. He enthusiastically tried to share his discoveries about the markets, spent a lot of time and energy to fight his...
An experiment that vindicates Hershey's point about SCT getting the trader in sync with the market. Yes, "with cans"! <iframe width="420"...
Nurses Hold, " Heal America Tax Wall Street, " Rally KEYT Reporter Story Created: Sep 1, 2011 PDT
Bragging and showing off aren't symptoms of success, or intelligence, or trustworthiness. Making your living from selling books about how to...
You're confusing him with Chuck Norris!
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YES, that is a "head" trend. Does it matter? Sure: the coin may be weighted.
Such claims don't seem congruent with what I inferred from Hershey's posts I've read, and they kind of make you wonder.
I guess your question doesn't apply to Hershey's SCT because, as he stated, his approach isn't probabilistic. He trades what there is, and not...
It really depends what time frame you trade. You know that markets rarely go straight in one direction; they have dominant moves and retraces in...
PA is like speaking the language, while using indicators is like using a conversation guide in that language. So the performance you get when...
QE3 would be a mistake. You see that people discuss if there'll be a QE3 or not; they don't discuss its effectiveness because everybody already...
He's a just a gambler and manipulator these days. It seems his mind and luck are not what they were before. Few people know when to retire gracefully.
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