No back handed slap, chef. You asked and I explained that my method is antithetical to price action. Don't take it personally, if pure price action works for you, good. Just in all my experience in multi facets of this business, I have never seen price action trading produce results that were out of line of randomness in any way. That does not mean that it doesnt exist or cant be done, but I need to go by what my years in this business make abundently clear. Furthermore, when challenged to post just a month worth of active trades, the leading price action only traders throw insults, ridiculous reasons, and bizzare claims of trading 100 markets etc. I am still waiting for a pure price action trader to back up the claims--- will you be the first with a live call journal for one month? Regarding your track record. My track record has been posted in public since 2002-- almost every trade, idea, and suggestion. In real time, before the fact actions. Claims mean little in light of actual evidence. surf
As projected the ES closed lower on the day. Staying short and will report back once their is something new to say. Untill then, short short short.
I am confused? Isn't TA irrelevant? Isn't past price action just "noise"? Yet you follow Dow Theory? Btw, I am not trying to be facetious.
Yes, I can see your point and confusing. I use dow theory to get a handle on where the market is at any one time, not to make specific trades. TA is good for illustration but not for trading-- I use it when I define concepts but not for making real time trading decisions.
Well, speaking of accuracy; It seems he deleted his Dow Theory post, just in case someone is bewildered by my post.