Nothing Beats Price Action, Everything Else is Derivative

Discussion in 'Trading' started by MandelbrotSet, May 13, 2008.

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  1. read my threads, and my market calls. The latest of which is:
    http://www.elitetrader.com/vb/showthread.php?s=&threadid=127406
     
    #241     May 19, 2008
  2. If you can't post the trades you made then who really cares what you think? Everyone has an opinion on where the market will go. Making money is what it is all about, not making predictions hoping that one or two predictions are proven correct. You jump on everyone elses thread with your predictions and links. Go away moron, and start your own thread.
     
    #242     May 19, 2008

  3. Go get 'em!!!! If I remember correctly, you were nailing the DAX with uncanny accuracy. Forex is something I never looked into, scared of it for some reason. :confused:

    st
     
    #243     May 19, 2008
  4. bighog

    bighog Guest

    This should be read and reread by every wannabe trader out there every weekend until they make the first million.

    Look for and let these tidbits from the artical sink in: 10-year rule, deliberate practice, the next level, consistent DELIBERATE practice, more is better, conditioning and practice.

    Anyone that wants to improve must be ready to pay a dear price to get to the level needed to play this game without breaking a sweat.

    I paid my dues, have you? .. :)

    http://money.cnn.com/magazines/fortune/fortune_archive/2006/10/30/8391794/index.htm

    Price is not all you need, you also must understand price alone to get inside the other players heads. Got ya.

    While you are in the mood, try this one also.

    http://www.wired.com/science/discoveries/magazine/15-06/ff_mindgames
     
    #244     May 19, 2008

  5. You one post wonders have me wondering who attacked me in the past and now wants information under a new sock!!! LOL!!!!!! My PM inbox box is full of these. :)

    I'll give you the benefit of doubt.........for now!! :)

    I answered your question in detail somewhere on ET. Let me look for it and I'll try and re-post it to save me some typing. Typing ain't my thing!!!! :)

    st
     
    #245     May 19, 2008
  6. LOL jack.

    I made that post @ 12:18pm.

    The Close on the ES was @ 1439, and it proceeded to go to a Daily High of 1441 before turning around and dropping like a rock.

    Now, if you caught that turn before the fact (and can do so consistently), please show us the proof, we'd absolutely LOVE to see it, all of us. Me, the other guys (and women if there are any) on the thread, spydertrader, your followers, the moderators and I'm sure even Baron himself.

    I don't think we're gonna see any proof from you, either now or ever. So as far as I'm concerned, until I can catch all of the turns before or just as they are happening like you can in your fantasy trading, I'm going to go with the current dominant trend until it changes, and I'm going to advise other traders to go with the current, dominant trend until it changes, so long as we are putting real money, real trading careers and real-life hopes & dreams on the line, not that monoply stuff you adhere to.

    P.S. Welcome back. :D
     
    #246     May 19, 2008
  7. Another long-winded thread of people arguing over whether it is Partly Cloudy or Partly Sunny. If you are making money who cares?
     
    #247     May 19, 2008
  8. That's why it's all good OC.

    That's why it's all good.
     
    #248     May 19, 2008
  9. chowking

    chowking

    No, just a friendly fan from your posts in the AHG thread. I was impressed by the information you posted and am fully convinced by both you and Anek, that price is all that you need.
     
    #249     May 19, 2008
  10. It seems there are those still trying to prove I am wrong, both in PM’s and here. Geeez.

    About the short trade at the top today. I do not ever try to pick tops and bottoms. I do, however, fade into strong areas of S/R. This is nothing new; I have stated this time and time again for the past year or so. Pay attention! :) And for the record, I messed that trade up. I was correct in my analysis, but allowed myself to get shaken out by being distracted with ET. No excuses, I did what I did.

    About S/R. People are not listening; I have posted in great detail how S/R areas are formed and why it is important to understand the psychology of the players when price approaches these areas. I am not trying to hoodwink anyone, but merely sharing how I trade. If you don’t like it or agree, move on.

    I have said many times in various postings that it takes three things to succeed, in the following order of importance:

    1. Psychology; yours and the markets.
    2. Proper money management, including being well funded and strict risk control.
    3. A proven forward tested strategy.

    It seems there are those still in doubt about anyone being able to read a bar chart in real time. A 10K CVB ES chart is not that fast. Once a person masters the rules, seeing the setups in real time is not all that difficult. But I can assure you no one is going to master trading in this manner after a half ass effort over a course of a few days, especially with a non-believing mindset. If you don’t believe price continuously oscillates between two prior swing points, then I’ll direct you two blocks down to the CCI club where they don’t need any stinkin’ price. Having said that, I miss many trades, I have many losses. But it’s the end of the day results day in and day out that matters to me. Some of you should spend more time dealing why you are losing than trying to prove a workable method as being nothing more than zen voodoo.

    I turn this discussion back over to your regular scheduled program.


    st
     
    #250     May 19, 2008
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