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. blox87

    blox87 Guest

    YM hourly
     
    #701     May 16, 2010
  2. blox87

    blox87 Guest

    YM 5 MIN...

    Look for the lowest risk highest reward entries . Remember what the generals are looking at ALWAYS.
     
    #702     May 16, 2010
  3. break down through support, then retest and hold as resistance ON BIG VOLUME!!
     
    #703     May 17, 2010
  4. #704     May 17, 2010
  5. odlareg

    odlareg

    Net = $1,000,000,


    This is far too much for me. I only need $30,000 maybe $40,000.
     
    #705     May 17, 2010
  6. Yeah TE, 1 mill, unless you're a super super star trader, can't see it mate, not in a year anyhow.
     
    #706     May 17, 2010
  7. Mysteron

    Mysteron

    Whether that target is possible or not, I think many of us just think its impossible as its so far removed from our daily experiences, so it then does becomes impossible. We are so locked into our daily routines just to keep our heads above water, and so much time is used up just to cover the dross of daily living, that its hard to break out.
     
    #707     May 17, 2010
  8. odlareg

    odlareg

    I do not know if it is possible or not. TE knows. I know what i need.

    I have made far more in the past than € 30.000. However it felt as luck, not as something i knew what i was doing. So my account piled up. I had trouble in spending it. Of course i lost a lot after. Did not know how to make money in bear markets.
     
    #708     May 18, 2010
  9. odlareg

    odlareg

    Ok TE,

    I think i start to understand.

    The ranges:

    Preferable: stocks with high ranges. Min. 50 cts.

    My question; Is a certain min. % also valid? If not, why not?

    WRB NRB:

    Consider only stocks with a previous day with NRB. This ameliorates the odds. True?

    The lines:

    Draw lines which connect as much supply/demandpoints as possible.
    True?

    The Generals:

    They do not act as daytraders. They buy large quantities, preferably without disturbing the markets. When they stop buying, demand slides. This causes amateurs to sell. However they do not want to
    let the slide too much. It is in their favoour to buy a bit cheaper, but not to reverse trend, as they are loaded with stocks already. True?
     
    #709     May 18, 2010
  10. HOGWASH!

    I'm surprised at the length and persistence of this thread. It's like saying, "Hey, Obama is eligible to be prez.. regardless of the obfuscation of and refusal of his presenting supporting documents... you're a dumbass if you don't just accept this"...

    TA often doesn't appear to work only for those who don't know how to properly use the tools.
     
    #710     May 18, 2010
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