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. odlareg

    odlareg

    You mustbe sure the other understands what you are talking about, like speaking the same language .

    About the charts you show: They have the same data input, however
    look different. So it is about synchronisation.
     
    #781     May 22, 2010
  2. Mysteron

    Mysteron

    [​IMG]

    [​IMG]

    Thanks TE for the FreeStockCharts info.

    1y line chart of DV and 3 months of daily chart. What do I see?

    I drew a few levels on the 1y chart which then make the daily chart clearer, in terms of daily ranges through and between various levels (or am I imagining that). Theres also a green BOB on 17th May, despite the last few weeks being choppy maybe the price will resume the upward trend. Then again there is a red BOB later. The price has fallen close to the 200 day EMA too!
     
    #782     May 22, 2010
  3. I see...

    Spongebob....
     
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    #783     May 22, 2010
  4. Mysteron

    Mysteron

    [​IMG]

    Furthermore that green BOB bounced off the 200 day EMA, maybe The Generals ordered a cavalry charge!
     
    #784     May 22, 2010
  5. odlareg

    odlareg

    Some of us wuld call the (B)ig Green Shape developing at the right side of the chart a (B)ar, certainly in another time frame.
     
    #785     May 23, 2010


  6. Spongebob!? Hahaha!

    How are the crab futures?:)

    Nice to see you again, and i see you are trying to enlighten the locals.

    Charts can be traded by the experienced trader, but this is because the experienced trader can see through the extra dimensions that are posed by charts.:cool:




    Dackster.
     
    #786     May 23, 2010
  7. The "Education" related talk is best suited to the RBT thread.

    As for the "The Charts", well. all I will say for now is..

    Why do some people look at a painting and pay BIG money to have it, when, the majority will look at it and see absolutely nothing of value:D

    TE
     
    #787     May 23, 2010
  8. Wooooooooaaaaaaaaaahhhhhhhhhhh........MN:eek: :mad:


    TOO MANY LINES<>WAY TOO MANY

    Here is a chart of DY with some lines taken from a higher time frame:cool:

    Remember what we said..CLEAR AND SHARP:D

    [​IMG]

    TE
     
    #788     May 23, 2010
  9. And now we zoom in a bit more:D

    [​IMG]

    Barry Rudd come to mind:cool:

    TE
     
    #789     May 23, 2010
  10. MN, do you ever listen to anything in class :eek:

    I think you need to do a Bart Simpson and write on the blackboard a few times:D

    [​IMG]

    We are interested in what usually happens, and even though the last few days have been big movers, it might now revert to what it usually does!

    TE
     
    #790     May 23, 2010
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