college, 1 of your posts used the movement from 900 to 900.25 to 899.75 as an example, the fact that u used that tells me you are looking at the market too tightly, every nook and cranny. If you are on your knees on the highway looking under your car, pretty good chance you will be runover. You have to always see the big picture and reduce it, you may be doing the opposite and i dont think that works
Stock-trad3r has been a good student. Only that which he was taught has value and is true. After all do not his professors know better how to run the country? He needs more real world experience to knock some of that school learned theoretical crap out of his head. Over training has rigidized his thinking. IMHO
If you really stop and think about it what your are saying is that you can't make money currently with "Price Action". Did you think trading was easy? Most of us have worked for month to years for free before making money. Are you willing to do that? Or are are you looking for the quick $$.
charts are a visual representation of historic price action. if you see clear support at xx.50 and the price is currently xx.52 and see a big bid come high to xx.50 then you should buy in front of him and hit out if they start hitting him hard, if it holds you rebuy and ride the wave as they pay the offer. Seeing that resistance visually is what allowed me to anticipate a trade, watching the price action is what made me take the trade. Charts are the reason I am in a trade, price action and level 2 helps me fight for the price I want and allows me to be as low risk as possible, just because you cannot use it well doesn't mean it doesn't work. Its foolish to say it is impossible and ignorant to want to prove so. Why not learn technical analysis, Price action and tape reading (which really should be used together), fundamental analysis, use it all and be well at it all, why do you have to narrow yourself to "random walk" or "efficient markets" have as large of a weapons cache of all these skills to try and pull out the most money you can from the markets. trader psychology. time frame analysis, I can go on and these are things all trades should know. So lets cut this bullshit about oh this is the best or what is the best? or that doesn't work. Trade what works currently in the dynamic market. I was all over AIG since it broke $13. Were you collegetrader? I don't really know where I am going with this post since its kind of a rant with an example etc, take it for what its worth. Lets share charts that may allow us to make money on break downs and break outs not useless bickering
made my first video. its not all that exciting, but maybe it will help. It wasnt the best day for trading, market was pretty flat. its 80mg, and 26mins long, pm me on skype for the download. CM