Are you good at price action and technical analysis?

Discussion in 'Trading' started by longandshort, Mar 4, 2023.

  1. lariati

    lariati

    So many different styles of trading too. If SPX makes a new 6-month high there is also a short opportunity as people pile in way late thinking they have missed out and then you get a pull back from the high with a short that had very little risk.

    I am not able to see some kind of sequence model with the markets though that you get up/down/down/up/up and that means there is a better chance of something happening in the next bar and that applies to all instruments no matter what instrument or what is going on in the world.

     
    #41     Mar 5, 2023
  2. qlai

    qlai

    If I had a dollar for every time someone posts profitable trades on the left side of the chart….
     
    #42     Mar 5, 2023
    themickey, MACD and SimpleMeLike like this.
  3. I get that you don't know who I am... maybe just some Bozo. But I used to professionally manage OPM, and won 3 divisions of the US Investing Championships year backs... results posted in Barrons and IBD. And you wanna tell me that I don't know "shit from shinola"?

    I "threw everybody a bone" in my "Christmas in March" thread. I didn't need to do that.
     
    #43     Mar 5, 2023
    SimpleMeLike likes this.
  4. qlai

    qlai

    Absolutely NOT what I am saying. What I am saying is that saying “KISS” does not explain what edge you have developed over the years. It’s very frustrating to struggling traders to hear “it’s simple - it’s all in the chart” and then not to provide any specifics.
    There is a thread by @volpri where he explains in detail his process to give you an example. I don’t know if it works, but I know what it is.
     
    #44     Mar 5, 2023
  5. "KISS" mean's "keep it simple, don't overcomplicate". It IS "all in the charts". Most traders "can't see the forest for the trees".

    What could be more simple than "buy support" and "sell resistance"? If you don't know what that is, perhaps you should look into it. (There are books on this, you know.)
     
    #45     Mar 5, 2023
  6. newwurldmn

    newwurldmn

    how did i do?
     
    #46     Mar 5, 2023
  7. qlai

    qlai

    How much to buy? How much to risk? What timeframe? There are hundreds of nuances. You are insulting your own accomplishments by saying it’s as simple as that.
     
    #47     Mar 5, 2023
  8. Who invited Surf back?
     
    #48     Mar 5, 2023
  9. I suggested you look into Price TA... because it works, is easy to understand, has high r/r. KISS suggests "(You) KEEP IT SIMPLE... don't complicate."

    It really IS simple if you "buy support" and "sell resistance". If you don't know what that means, look it up. There are books on it.

    (Sound like you think "everything is hooey" unless somebody spoon-feeds it to you.)
     
    Last edited: Mar 5, 2023
    #49     Mar 5, 2023
  10. Was this sarcasm?
     
    #50     Mar 5, 2023