hell - you used the "E"-word.... how many years of experience do you have, if i may ask? i don't know what a "natural market phenomenon" is. maybe things like higher bottom, lower top, support, resistance, test, breakout, etc.? anyway - what i wrote above is simply the reality - maybe if you gain more knowledge and experience you will find out yourself. good luck so far.
ok I will go and study a little harder so that when i grow up i can be a smart as you. I'm not disagreing with you but i am challenging you to refocus on what you might be missing.
I think MGPI, BITS and LQDT are worth watching for the next few days. those of you who use channels know what I'm talking about gooch87
why don't you just answer my questions instead? (and if you say that we're talking about an "edge" - i'm afraid you'll soon be banned from that thread anyway ...)
If you are reversing at back-to-back ftt's there comes a time when the trend will change...it seems that most of the time the price moves away from the ftt...but I am new and still trying to learn the easy stuff... Everybody is different and there seems to be a "right way" presented to learn this. I do not have to agree with that...I just have to trust the teacher. But a true teacher should be able to mature in this sytem enough to understand how a person can learn it and there should be more than one way...and when I master it, perhaps I can illustrate it in the EUR/USD in MY WAY. I am finding that grouping the bars in three and all those lines intimidate me as I cannot see anything. Michael B.
Ok gerry, you've made your point. However, I have full confidence in those that follow these threads. They have the intellectual capacity to figure out on their own what works and what does not without the aid of your generous "help." While I applaud your altruistic motivation to "look out for the little guy," please find another outlet for your agenda. I'll happily link to it, and you can debate the merits in that forum ad infinitum. Good Trading to you. - Spydertrader
gerry, I'm sure your a very nice fellow but you might want to take your head out of your arse because your missing the point and the air is fresher out here. The market is nothing but an auction and charts are nothing but your seat in the auction house and your perspective of the people and events that unfold. Try changing seats and see IF you can get a better deal.
1. Select the period of consideration: the long term (months to years), the intermediate term (weeks to months), or the short term (days to weeks). 2. For an uptrend within the period of consideration, draw a line from the lowest low, up to the highest minor low point PRECEDING THE HIGHEST HIGH such that the line DOES NOT PASS THROUGH PRICES IN BETWEEN THE TWO LOW POINTS. Extend the line upward past the highest high point. 3. For a downtrend within the period of consideration, draw a line from the highest high point to the lowest minor high point PRECEDING THE LOWEST LOW such that the line DOES NOT PASS THROUGH PRICES IN BETWEEN THE TWO HIGH POINTS. Extend the line downward past the lowest high point. Suggestions for the first time: Print off some Yahoo or whatever charts for one of the big indexes â perhaps a 5 Day, 3 Month and 1 or more years. I suggest you use a line chart for convenience. In the Uptrend (2 above) you have your ruler BELOW the chart line â you are below the action. In the Downtrend (3 above) you have your ruler ABOVE the chart line â you are above the action. Simply reread the section above word for word and you will have it in no time. The above post is quoted from Trader5287 in The ET Chatroom.
ok - i get an idea about your age and your level of knowledge. no wonder you refuse to answer questions.
i looked at some of the ES-charts you've posted lately. you don't tell me or anyone here that you make those 1000 lines in real time and trade with them, right? "the little guy"...? - i couldn't care less. anyone old enough to trade is old enough to take a hit...