To the previous poster who asked about my basic trading style and the basic info I am sharing. @Deez: I am just getting started! I mentioned I will share the basics, yes. I feel this is SO vital. But I will soon talk about the following, and share related graphics: NYSE Tick (my second favorite indicator after the 50 sma) Cumulative Delta Footprint charts TPO charts Range charts Volume Profile Floor Trader pivots The 3 day stock cycle Time cycles Candlestick patterns The "Overbought" illusion Divergences Correlations Automated vs. Discretionary trading Scalping vs Swing trading Scaling vs All-in/All-out Trading psychology (not to be underestimated). I am a bit more advanced than many traders. But I like to keep it simple. Nevertheless, each of the above has had a major impact on my trading and I will share my major epiphanies with each. I do this to reinforce the good things I have learned for myself and maybe help someone else to find the "edge" they were looking for. No two traders trade alike. But the successful ones have some things in common. This is nothing but a journey to identify those things and have the discipline to employ them consistently. -sstheo
Oh and I forgot to add the following to the list above "Break of Two" for reversals Big Candle Theory The futures/FX correlations FX vs Futures
On my old journal @easymon1 posted a great BeeGees mashup of Stayin' Alive. Staying alive is our MAIN TASK boys and girls. Tough to do sometimes. Hope you all do okay and even excel during this crazy virus, earnings, impeachment and NFP week.
What a ride. The market is down about 2% (or more) today. I waited until it looked like we hit bottom and then started to nibble with some long scalps. I will know the true outcome only after I get my statement tonight. The market rolled over yet again mid-day, but I missed the down-action. Is this real life contagion (virus infection) going to spread to the financial system? See this article. https://www.businessinsider.com/wuh...chinese-economy-inflation-debt-balance-2020-1
I wouldn't read into it. If anything looking at the news hinders ones ability to think clearly. I truly believe this and I try to stay away from the news, although its hard at times, but you know the media is using this stupid virus as a catalyst for this correction, its just timely that's all.
I can see the logic in your lack-o-news consumption. I have talked with traders on the phone who have CSPAN or something else playing audibly in the background, and I just don't get it. I need it silent to see my setups. And I can see that the lack of even written news is simply another kind of "silence." My observations need to be my own. I like it that way. And I like it better when I can't blame someone else for a bad trade. We've all subscribed to signal services that significantly hinder our ability to become independent thinkers. And that is what they count on for an endless stream of revenue. It is really insidious. (Just like the siren song of the many "funding companies.") Even in the chat room I am in I sometimes find myself blindly taking trades of other trusted traders. BAD...