lol. this is hilarious! I'm going to print it out and put it in my wallet for when I need a laugh. You're actually doing your side more harm than good with that! So those algo blips. Youre sure they are algos? like 100% sure. I thought that was the beuty of exchanges. You dont know. And when price blips up - thats not some trader pushing the market up to generate some momentum to drive markets higher so he can sell at better prices (prices being plural has meaning to thiose who understand). Your 100% sure about that are you cowboy? You see the markets are really just one big freakin game. It has very little to do with demand and supply. Demand for making money is about it. I guess you have zero idea about how many contracts are held to delivery have you? That reflects the real dmand you silly twerp. Compare the figure held to delivery v those traded over the life of a contract. You still think markets are about genuine supply and demand do you? Thanks for your input. If nodoji did say this then its a massive home goal youve just scored there cowboy. hahahaha! demand and supply indeed! hahahaha I was going to wait a while longer before correcting nodoji on the demand - supply error (one of the reasons I can tell he knows v little and is a danger to those who know no better in following him), but alas I couldnt stop myself when I saw your outburst. A lapse in discipline on my part! Im going to read your post again its that funny!
You're welcome for the laugh. So then tell me what is going on please. Explain to me how the Futures market works and how I can profit from it. Tell you what, since the NQ is what I trade, you can even be specific. I am intrigued by what you say about the contracts held to delivery. So tell me how all of this ties in please.
You called me stupid earlier pal. Im so stupid Ive forgotten. Im sure Ill remember when the bund opens tomorrow though. ask nodoji lol.
Aye... looks like I'm the stupid one for falling for your prank. All you can do is point out how you think someone else is wrong but you have nothing else to offer yourself. To the future traders reading this thread who are trying to learn, please do take note of this dead end discussion. The strong claim of how horrible price action as a method of trading is cannot be replaced by anything more worthwhile by those who claim to know it all.
Any chart indicates imbalance. When price moved up from A to B or down from A to B there was an imbalance between the available supply/demand during that price excursion. I happen to use a couple charts that served as my plan development framework. If I used a 10- range chart and a 10-tick chart, or a daily chart and a monthly chart, or a 60-min chart and a 15-min chart, or a single chart without referencing any other chart, I'd still be looking for price behaviors that repeat often enough on a regular basis to derive a profit over each series of N trades. If any of your traders A, B, C, or D have profitable systems, that's fine by me.
Everything is price action. You're trading price action when you're acting on some moronic delimited TA study. You're trading price action when you react to a macro shock, BABA's IPO, IRL Sovereign vote...
A few questions for you: Where does trader A get his belief that the number of contracts with stop losses at a breach of, say, a weekly low will exceed the number of resting orders to buy a nice chunk of cars at that price? Where does Trader B get the curve with the points on it where these imbalances can be spotted?