If you're interested in something simple and very old, consider Wyckoff's approach, a continual analysis of the balance between buying pressure...
I don't trade options, but, as this is about a stock, I'll take it on. I assume you have no robust trading strategy. Otherwise you'd know that...
Please excuse a possible disagreement. It's unfortunate that this thread was titled "any value in watching tick data" but then focused not only on...
1. You may be interested in Trading By Price. It's based on Wyckoff's work and I found it invaluable. 2. Book? No. However, there is an excellent...
Sim trading is to the trader what a batting cage is to the batter. Assuming that the batter knows which end of the bat to hold.
The arguments stem from people not agreeing on what simtrading is and is for. Simtrading is part of the process of developing a trading plan. This...
You may be interested in a Hall of Fame thread, Zen and the Art of Trading, based on Zen and the Art of Poker.
IF you have a trading plan and IF you've been trading according to that plan and IF the number of and/or extent of losses is greater than...
He also said “A losing trader can do little to transform himself into a winning trader. A losing trader is not going to want to transform himself....
There is a third alternative: placing the stop at the point at which the market will prove that your decision to enter the trade (at whatever...
Since you asked . . . :) I knew from the outset that I wanted something that was as closely tied to reality as possible. This pretty much...
If you understand on a practical level the continuity of price and if you are accustomed to watching price move live (or via replay), you will see...
This sounds very much like what Wyckoff and Livermore and others among the pioneers went through. You really can't buy this sort of experience.
Math and engineering and so forth will likely be helpful if you plan to automate your trading in any way, and basic statistics are necessary for...
She didn't lose.
Two nice examples of reversals this morning in the NQ, one of which illustrates withdrawal of demand and the other withdrawal of supply. [ATTACH]
I stopped using CVBs long ago but what matters much more is understanding what a reversal is AND knowing what to look for. Maxinger knows all...
True. There's no reason to believe that the something elses will not also be challenging. But he knew himself well enough to understand that if he...
It's not so much a matter of elusion but of thinking in terms of traders than of bars. Db explained that bars are used rather than ticks because...
The "six months" thing rang a bell and reminded me of the following, posted several years ago: My interest in daytrading was sparked by a chance...
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