http://www.elitetrader.com/vb/showthread.php?s=&threadid=72864 This guy deserves a standing ovation. One of the very few that posts legit...
Perceptions drive trading activity that create the patterns and momentum. With all the different types of traders and time frames, market action...
Why do you believe this? Is it possible your beliefs are misguided and therefore cause you to use incorrect tactics? Is it not also possible...
What premise or fact says patterns have to work the way you want them to in order to become profitable?
Define exactly what you mean by "work" in the above examples. I am confused.
The thread looks OK to me. Monthly and quarterly charts help me to find the most important spots. New traders often have a problem with...
Thanks Lamont.
The volume action on the GOOG daily wedge I posted did not really confirm the pattern. If you look at the weekly GOOG chart I posted, I left the...
If you want to draw the longer term view, this is what I suggest you use. Your work just doesn't make much sense.
Your wedge appears incorrect to me. This is how I believe it should be drawn. As it is, there was a perfect tactical short setup, and plenty of...
especailly after the fact.
I had a HnS breakdown on the Wilshire earlier that had not confirmed yet. The volume action sure does stand out on this.
It's there, and volume is drying up as it progresses. Usually not a good sign for the bulls. I like to let them go ahead and breakdown and then...
It would be off topic to get into what I think my grail is, so I am not at liberty to say. But it is has nothing to do with technical analysis or...
I have no grail, nor have I made any statement to that effect. Your work is interesting but it has nothing to do with B1S2's statement. this...
The grail by definition is "the object of an extended or difficult quest" This means, there has to be evidence of a genuine diffcult pursuit, or...
Obviously I am not convinced just because you say so and you have offered no proof at all. If you have, then I haven't seen it. Just post the proof.
there is one, but it isn't a technical inidcator, chart pattern, or anything else most think.
Not much grail in that trade eh? Lots of BS was stirred up though. BTW the 1305.75 was hit before you posted the short. So no stop was hit and...
Did you not close your short from 1297 here?
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