If you want to fail as a trader, study TA

Discussion in 'Psychology' started by The Expert, Apr 27, 2010.

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  1. Intuitive?
     
    #1391     Jul 16, 2010
  2. Let's see you do it then. Live demo that you can't fake. Will NEVER happen.

    "Leading indicators" like stochastics? (which you've said repeatedly is a leading indicator)
     
    #1392     Jul 16, 2010
  3. Mysteron

    Mysteron

    Theres lots of Intrinsic stuff scattered in this and related threads.:cool:
     
    #1393     Jul 16, 2010
  4. Redneck

    Redneck

    FA,

    How would you define trend days and range days – specifically?

    Need to define something – before it can be identified and/ or planned for

    Otherwise we’re standing in the dark, blindfolded, shooting at a moving target

    -------------------------------------------------------------------------------


    With respect to NRB’s and WRB’s


    There is an indicator that gives an indication (go figure) what the next bar may look like…
    (I say may because with regard to the mkt – nothing is set in stone except our maximum acceptable loss for each trade)


    Likely we’ll want to ferret this indicator out and add it to our analysis package – that is as long as we’re able to explain how it could be used


    RN
     
    #1394     Jul 17, 2010
  5. Redneck

    Redneck

    Blox87
    IA

    Interactive?
    Interpretive ?
    Inside?
    Illegal? Goldman Sachs style


    BX

    No Sir
    -------------------------------

    AMP
    Intentional
    OR
    Irrational



    AMP

    No Sir
    -------------------------------

    FA
    Intuitive?


    FA

    No Sir

    ---------------------------


    I appreciate how hard it is to read another’s mind – but I would suggest that is what we do every day – read the mkt’s collective mind


    The I has to do with price’s action… (not to be confused with price action trading)

    RN
     
    #1395     Jul 17, 2010
  6. Redneck

    Redneck



    FA

    I respect your honesty

    -----------------------------------------------------------------------------------------------------------------------------------------------------------------

    You’re facing a dilemma we all face


    Folks just starting out have a series of locked doors (questions) they must unlock (answer), each door has a different key, some doors lead to solutions, some doors lead to dead ends, some doors lead to peril – that if they don’t recognize, turn around and go back – they fail…

    Get through the correct doors – you succeed – don’t and you fail


    But (always a but) – become a successful trader and the problems are solved right – nope


    -----------------------------------------------------------------------------------------------------------------------------------------------------------------

    Being a trader is a nonstop process of asking questions, thinking through the questions, connecting the dots, finding answers, applying answers… And going back to square one and starting over if the answer turns out not to be the solution – as often is the case…


    Iow – each day every trader faces a series of unique locked doors (questions)

    Examples…
    Which way is the mkt headed
    What is price doing
    Should I go long or short
    Is this trade going to work
    Where should I exit/ when should I exit
    Is the mkt changing/ how is it changing
    etc.. etc… etc… etc… Ad infinitum


    We work, and thrive – in a world of uncertainty, and never ending questions…


    ------------------------------------------------------------------------------------------------------------------------------------------------------------------

    Your post and the bart clip is an exercise in thinking, connecting dots, and finding a solution….


    So think about what you posted… look at a chart… look at the video…try and identify a connection between a chart, the video and what you posted. Come up with an answer… see if the answer is the solution, start over and do it again if it is not…

    btw... Another vital skill is being able to repeatedly clear your mind and begin anew as if nothing ever happened

    Never be hesitant to post your questions…..



    However if you’d rather – just say so and I will PM you the answer– its all good……

    -------------------------------------------------------------------------------------------------------------------------------------------------------------


    This is just one – of the gazillion – questions you will face and need to solve in your trading – just as we all did – just as we all do – every single day.



    We’ll make the time – if you decide to do the work Sir….


    RN
     
    #1396     Jul 17, 2010
  7. RN is back, with a smack
    now listen up, you little pup
    TE is bad, and often mad
    to see the twits, and stupid gits:D

    they talk of this, but who gives piss
    for matter not, it is all snot
    they think they know, of what to show
    a few are quick, and know they thick:D

    if u have cents, sit on the fence
    RN no fool, and has the tool:)
    he say IA, and think you may
    it is no tool, wrong again, you fool

    IA you see, is what it BE
    no squiggly art, will show the start
    for when you sit, like a twit
    you must know, it's all a show

    to win a dime, you must hear chime
    for when it ring, it sure does sing
    the A is fact, as in ACT
    the I you see, is really E:cool:

    [​IMG]

    TE
     
    #1397     Jul 17, 2010
  8. IchibomB

    IchibomB

    30 year T-Bond Futures. Right at the 52 week high. Let's see if I can get in on the winning trade.
    [​IMG]
     
    #1398     Jul 17, 2010
  9. Or B&E...

    Bartman, move in time to the rhythm of the Market? IOW, no bias, just take your cue from the PA and anticipate & act accordingly...


    In simple terms...

    Trend day = WRB

    Range day = NRB

    I've had a long hard think about how, where and why I've lost money, not banked open profit and left money on the table, it all boils down pretty much to having a directional bias based on fundys & technicals more suited to position trading than day trading, trading NRBs like they're WRBs and vice versa. Looking for stuff to justify my bias rather than reading PA.

    RN & TE, thanks for your insights & poetry...
     
    #1399     Jul 17, 2010
  10. FA is right, in hindsight
    the Key u see, not RN..nor TE
    the only cure, is know for sure
    what will B, will always BE

    but be no fool, u need the tool
    for to trade blind, is without mind
    a fool u see, thinks like HE
    and HE knows all, but all is small

    there is a way, to make more hay
    when sun shine bright, get into flight
    ride on the wing, as long as sing
    when not in pitch, it best to ditch

    as long as u, are in cue
    a click of right, ur back in flight
    for many think, when tune do sink
    it's finished song, but that is wrong

    the song not up, just take a cup
    for moves u see, are what they BE:D
    most not know, that money flow
    in and out, with a shout

    it matter no, what make it so
    what matter thee, is that you SEE
    a gambler win, when the spin
    is fast then slow, makes $$$ grow:D

    so u read this, and think it piss
    but piss it not, it really swot
    the fools u see, think they be
    the ones who know, what makes the show

    the show is set, and for to get
    u must be cool, and not a fool
    as TE say, to make more hay
    u have to SEE, that B is BE

    but what bout rest, for they not jest
    and books galore, do match the score
    not surely be, such as TE
    RN and few, but know the cue

    the choice for YOU, is easy too
    just stop and think, and use some ink
    if sense it be, and common see
    it is no farce, get OFF YOUR ARSE:D

    TE
     
    #1400     Jul 17, 2010
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