You do know that there are some technical analysis methods involved around the MASS of capital as you call it while others are involved around the MASS of traders and I'm not talking about technical indicators. :eek: think outside the box Mark
You should educate yourself about the Hunts and what tools they used prior to deciding it was time to corner/manipulate a particular market. The truth is that you're running around making blanket statements with one hand while holding up a chart with the other hand...contradiction. Chart analysis is still TA even if you remove the b.s. indicators. think outside the box Mark
AR + BE + PE = GM? Adequate Range + BE + PE = Good Money Nothing on market Profile here. TE, what is the level of importance of BE/PE in the range of 1-10, 10 being very high? Starts to be a zoo here with all the falcons,gulls, deaddogs and sponges. I am more into planting potatoes in woods belonging to others. I like Sponges though, and rabbits. MK, what are you saying with the documentary?
Well TE, If I were guessing â $1.10 (.37) .14 But then it doesnât pay for a dumbass redneck to guess â does it See Ya RN
This is the typical ambiguous excuse used by TA bashers. You guys don't use charts for trading but you use charts for analysis and illustration purposes only. I'm curious, what does your chart analysis tell you about GS ??? Please provide an example of your chart analysis of GS so that we can understand that it's not technical analysis (I don't expect you will). I strongly agree. I never said that nor implied such. Also, I don't use volume. think outside the box Mark
Nope and probably nobody EVER said that. TA can predict the NON-RANDOM events, that occur repeatedly.. Fucking DUH.....
One more thing, the gap down on 22nd would have stopped out long trades on 20th, producing panic. The gap down on 29th would have stopped out long trades on 28th with tight stops, it just looks malicious with the previous green bar, at least with hindsight. Smart money preying on the retail herd? In each of the gap down days the range was > 50c. So gap down days are to be sought after as they can lead to larger than normal ranges? Provided the average daily range is at least 50c. I know, I've been told before not to get hung up on gaps.
Very good questions MK, especially the MP one, and, what prompted that? I have used MP in the past, mostly for trading the ES using the value area and the 80% rule, and, it is, lets just say, valid, the reason being that some floor traders use it for arb trading with the ES and main S&P contract. A certain fellow sells this course for around $3K, which I bought many years ago when I was an idiot, and, which I might gladly part with for free if I am convinced that the requestor is willing and able, as I no longer trade that way of have any use for the material in the course, as my main focus is now US stocks, not the ES. OK, and not to go off on any wrong tracks, as this thread is a general one, but when The Expert talks about trading he is mostly talking about daytrading for US stocks only, and, no positions held overnight, so, gaps never have to concern us until the US market opens The bar chart, or candle for those who use same, is made up of 4 levels, the OHLC, and, ALL of these levels are important for daytrading, so, yes, you MUST be aware of ALL when you are trading, not just the last one :eek: Do not try to run before you can walk correctly, for, otherwise you might encounter many hard falls. I like the bird story btw, and, with that, who knows what this is? TE
When you daytrade you MUST also use the daily chart, for, it is GOOD to know what has happened, and not waste time on thinking what might happen, for, TIME = MONEY, remember What is the main reason for seeking out the right horses to back? If all the horses in the race are favorites, are our odds of winning not greatly improved, no matter what horse we back And, to make it even better, we do not have to place our bet before the race starts, now, go and get a bookie to give you a race like that every day to bet on One can, if one so desires, keep a close eye on OI and changes in same, but, it is really not required and just wastes more time, for, you know what is next T=M If you are daytrading then daytrading it is, and everything else is put out of the mind and not pondered on, for, in order to make GOOD money daytrading, you MUST be focused and fast, for, with all the automated stuff kicking in, you can get caught out for no apparent valid reason, for, it is all a gamble, after all. Play the odds and take your money off the table when you have it, do it repeatedly and never get greedy, else, you WILL give it all back, and maybe even some more with it :eek: TE
Maybe it works for some, but, to try and daytrade without charts, is like trying to eat without having any hands. TE