To add: I never said anything about deduction. Again, the question is "what strategies work in this environment?" You can't force the market to work with a given strategy of your own choice. You'll just end up wasting a lot of time trying to fit a square peg into a round hole.
Do you know how to do searches? If you do, then review the information and if you have questions, then post the highlighted part you do not understand. In particular, focus on third party reviews and their comments on what they analyzed. If after doing this and you have no questions, please post what you learned by looking at what you suggested was what you wanted to judge.
everything that has ever worked before, still works today and will always work forever. Which would be measuring = trading price patterns aka "price action" with various strategic tactics & tools. That part is the constant: eternal variable is each trader's level of self-control when it comes to patience, discipline and work ethic. Trading is still every bit as hard or harder now as any time before. Most of the lazy dreamers realize that much faster now than they used to when volatility was high.
the problem with "price action" trading is that you cant clearly define a setup. why? because there are no 2 setups that are alike. never ever ever will be. in order for there to be every trader in the world would have to trade the same exact way all in unison to make the same exact setup. you can never clearly define a good trade from a bad trade because they all look very similar. again you CANNOT clearly define a set of criteria to enter and exit a "price action' trade because no 2 days are exactly alike.
that post was shit, it told me nothing about how to make money, just silly generalities. think about it, this clown is in the business of selling shit. do you think he would need to deal with that nonsense if he was killing it in the markets? fuck no!
LOL Little one, if you'll put out about $20,000, I'm sure you will be handed a very decent strategy. Are you expecting someone with real experience to just hand it over to you for nothing? Think about it.
y would anyone sell there strategy for 20k and risking killing the goose that laid the golden egg. think about it. does that make any sense?
Thank you for this post. You could learn where you are mistaken very quickly. In life and in trading, each person can do the work to "know that he knows." Here is a set of questions for others reading this thread. I am providing them with an oppotunity to go through the deduction of exactly how a person goes through getting his mind to be fully differentiated. 1. look at the independent and dependent variables of the market. Answer this question: Are the values continuous? Continue to deduce by doing the following: 2. Build an information group for each variable from the pieces you discovered that exist in question 1. Keep the information groups simple. reRd Schwagger's Intro to TA pages 24 through 37 to find out what form you chose from the different kinds of info groups possible. bear down on his comments that specifically call out "what you don't know that you don't know". Also think about the OP's dilemma which he has presented. He can't do putting information into a group because______________ (fill in the blank for yourself.) The deduction tree spreads its branches at this point. But we will bring the branches together at the top of the tree. We have to process two major deductions here. Do each one twice in the oppoiste order to get the deel of your mind powering up more and more. 3. Use 2 to figure out what type of math the market is dictating that you use. You are a partner with the market and the info flow is a one way street. From the market to you. review the solr system to be sure you know how "fields" work and do not work in a one way system. Also remember that each base of numeration has its own Algebra. 4. This is the most fun as a question. How do you figure out what a bar means in a trend? Each bar (information group) has a unique differentiatble meaning. What is the only way you can use facts to figure out how to get the same correct answer for every bar? From this point on deduction is a lark. So cheat and look ahead at the questions so you can fix the answers to questions 1 through 4. Because of the people part of markets, markets have cycles. 5. why do markets cycle? deduce this. 6. How many parts minimum are there in a cycle. 7. Just look at one of these parts. Deduce whether the smaller parts of this part of the cycle are odd or even in number. 8. In question 7. did the light bulb come on for not thinking in the intuitive manner?
Offer it up and see what happens. I bet you'd post a thread with a whole different attitude about day trading the futures.