Prove to me that Technical Analysis Works.

Discussion in 'Technical Analysis' started by TazTheLaz, May 28, 2022.

  1. Cheap commissions only mean one thing, I'll let you work that out by yourself.
     
    #701     Aug 23, 2022
  2. Nothing, but I can see how people would not understand your artistic way of posting.
     
    #702     Aug 23, 2022
  3. easymon1

    easymon1

    You too much man.
    What timeframe charts do you like to trade?
    We gotta get you in the chatroom as the voice of opposition, know what I mean?
    Every org needs that skeptic that don't have no use for the PA trading. Keeps things slim and trim and honest. Think about it. The Price Action Setup / Trigger Live Trading Chat room. Two hours a day.
    Open invite.
     
    #703     Aug 23, 2022
  4. I should get educated on Price Action first, I don't do charts. My trades are automated and all I see is a black and white console with some boring text logs.

    If I had to answer my own challenge with the charts I posted I would fail miserably.
     
    #704     Aug 23, 2022
  5. easymon1

    easymon1

    If you got a way that works for you, do not fix it if it ain't broke. Make hay while the sun shines! Ride that pony.
     
    #705     Aug 23, 2022
  6. SunTrader

    SunTrader

    Lower commissions mean I'm not pissing away as much of my profits. "Mikey like that".
     
    #706     Aug 23, 2022
  7. You are too old to be educated but I am going to try.

    Cheaper commissions mean worse data, worse entries and worse exits in essence. You are back in the queue in every action.

    There's nothing free. If it is free or cheaper than other service is because you are paying it some other way. Slippage, spreads, delays and all of those goodies that people do not account to commissions.

    If you want the bid tied to the offer at a minimal spread you have to pay for it. With a market subscription and a commission per trade.

    Exchanges don't give away data for free, so everything gets down to the customer one way or another.

    If you understood automated trading you would immediately see the importance of real time data. Real as DMA real.

    On another note, if you worry too much about those small commissions, your profits must be small as well. That's easy to see.
     
    #707     Aug 23, 2022
  8. SunTrader

    SunTrader

    Talk about old. Lower is not cheap. Higher is for lewzers.

    At any one time about 1/3rd of my fills have .... positive slippage.

    This morning for example limit (short) sell RTYU22 @ 1932.90 10:35:20am filled @ 1933.30

    As for data TradeStation has one of the best feeds. Other than ones that costs many hundreds a month. But you wouldn't know that having a barebones B&W quote screen. That's so cheap they prolly pay you lmao.

    As for any fees beyond $1.44 round-turn all-in, yes I pay CME data fees $15/monthly, which on average 100 trades/month is a yuuuge $0.15/trade. Obviously slightly lower/higher depending on monthly trade count.

    So $1.59 American, real money.

    Luv the buck Squeezing all my Euro Buddies. Haha
     
    #708     Aug 23, 2022
  9. You belong to that kind of people that laugh at their own jokes. Interesting.

    Do you like your own posts on Facebook as well?
     
    #709     Aug 23, 2022
  10. SunTrader

    SunTrader

    "Interesting" is that the best response you can come up with? Well it is 12:30am over there.

    But search for me on Facebook. My last name is Notonthereever. Fitting that you are.
     
    #710     Aug 23, 2022