Discussion in 'Technical Analysis' started by inandlong, Oct 6, 2002.
might work better with a black light and some Jimi Hendrix posters.
me too, but I only trade es so it's just one quote line
Me too nitro. There are days I don't even open up my charts. But I want to read the tape in as many key componants of ES and NQ as I can.
Wow, this tape-reading is beginning to pick up steam. These guys at the prop firms trading a bazillion shares a day, which is still less than a gazillion, tend to be tape readers.
Inandlong. Even though 99% of my career has been in futures, I am not convinced that "futures lead" is even close to an absolute statement. If the mkt opens off sharply on CSCO earnings, then CSCO is leading, and I want to see if it's holding the break, bouncing, bringing other shit down with it ect.
LOL, ooh low blow sarasota
When I first saw point and figure charting, I thought John Madden was now doing trading commentary. I banished it to a corner somewhere.
Picked it up again several months ago and a light came on, at least for longer time frames. Bars and candles can show the same thing, but it's a lot simpler for my feeble brain to follow the signals off the PnF.
I use daily PnF, on stock, sector, and market, to guide my long-term direction. I trade in and out based on other TA, but only in the direction of that longer trend. Granted, I don't trade as often now, but I'm doing much better.
except price, time, volume, and breadth
he has CD now http://www.tradingmarkets.com/galleria.site/courses/main/?full=1&id=6048&src=dedff030403&fwww=1
I used to be big into Insider Trading, but I've been forced to discard that completely for...legal reasons.
Now, when two Moving Averages cross, I put a pack of cigarettes on the weight bench and hope Jimmy the One-Eyed MarketMaker doesn't give me too much slippage.
Wait, that didn't come out right...
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