I personally trade with government dats reports, news releases and weekly fundamental inventory reports. I spend hours and hours and hours each night sifting thru that data, arranging it in assumed order of importance, jotting down notes and calling around to get a "feel" for what everyone else thinks. Then I watch CNBC around the clock until my eyes bleed and commercials are memorized word for verse. After that, every trade is pretty much just a summarized, wild-ass guess from the whole kit & caboodle there. Isn't that what all individual traders are supposed to do? It'd be nice if we could simply ignore all that, sit down at the charts whenever we begin our workday, and trade what we see as price-action guides us to where it intends to go
TA makes sense for illustrative, descriptive use. I never said visual use-- I also agree it makes sense to use it for contextual purposes. But as a real time trading tool, it makes no sense.
*yawn* I can't play guitar very well at all. If you booked me to play live, you better bring plenty of tomatoes. It doesn't therefore follow, that all guitars are worthless shit, and all guitar players are just bullshitters. Surfer, you're incredibly boring on this TA thing. Seriously. To me, it just looks like you can't stop bitching about the stuff you can't do. The phrase 'sour grapes' springs to mind?
those that know, aint sayin. they dont even sell it, too easy to steal. anything you see or read is guaranteed garbage. any even if it isnt , you're too dumb to tell the diff.
Uhhh, aren't you yourself a vendor of TA study materials, as discussed earlier in this thread? Am I missing something?
The most efficient way in terms of time and capital to great profits are: Entry > Movement in your direction > Managment > Exit. Entry is vital on short time frames - it cant be argued against.
You know, Austin, when I shared these advanced tactics with you a while back, you promised you'd never speak them aloud, especially in a public forum! I trusted you!