thanks. I read the chart numbers wrongly. the series is 71 through 75. (a lateral). i did go short on 67.
So I guess guys like Tudor Jones, Schwartz, Kovner, Marcus, etc don't count? Makes sense....why would anyone listen to some of the best traders in the history of trading. The same guys who influenced some of the traders in the next 3 market wizards books. You are on quite a roll Surf.
No. we were discussing clean page 4. you may hve noticed I mentioned clear page four. Basically, as pointed out to you by others, you are quite mixed up. Read marketsurfer to see how getting mixed up can be permanent.
Is that you... Fernando?.** http://www.youtube.com/watch?v=dQsjAbZDx-4 ** aka Anekdoten-da-bullshitter
So, if key levels are a myth, then surely that kind of suggests TA is a myth given support/resistance are considered key levels, and of course form the capstone of trend lines, channels and other such rubbish. No idea about your code re 'bar 78' etc. I guess this is because you dont want the SEC to know what your up to. Clearly you are the best trader that ever walked the planet. Strange how such a high performer spends all his time on an internet forum trying to convince the anonymous. I'm starting to question why I bother coming here - and clearly I am not as skilled as you pretend to be. Good luck with the SEC. May I respectfully suggest you wear a foil hat? That way they will not know what your thinking - given you're clearly a genius and all.
I kind of lean towards agreeing with what you've said. The traders I've seen that are successful by watching charts seem to be very skilled at what you stated above. I think most of the patterns & other stuff result in a 50/50 chance overall. I'm not even sure how you would say if a pattern worked or not? How far does price have to run & for how long to say it worked? I do think the charts & TA or price action can help a trader though with entries, & get their P/L in the green at least for a very short time. It's not too hard to find points on a chart with a high probability of at least a tiny bounce in price. But after the entry is when the skilled trader will smoke a non-skilled trader. I remember seeing some of NoDoji's trades & we would have the exact same entries on trades that didn't work out. The difference was she would somehow know to get out breakeven or even up a couple ticks whereas I would take multiple losses. When she finally caught a nice move she'd be up for the day, and I'd be lucky to get back to even. So anyway if charts are the wrong path what is the correct path? What should I be watching & concentrating on?
LOL. You are a giggle! My my. You are truly THE exceptional trader of all time. I admit this. You cant be equalled. I'm sorry if I seem to have hit a nerve re your tax bill earlier. I was only teasing. I was hoping you'd be a bigger person than this - given youre the best trader the world has ever seen and all. Now, back to the business at hand..... So with your fancy database that tells you NOTHING but what has happened IN THE PAST, how on earth is this going to tell you that GSAM are about to dump 10,000 lots on the market RIGHT NOW? Im sure you have some genius explanation that tells you when and where they will behave before they even know - but thats why you're such value. Even if you are part of the furniture round here. Be lucky
Indeed. But you forgot Mr Hershey bar! He drives a Mclaren F1 car you know - and he uses charts - I mean a database. Good to see there are some round here who have experience outside the retail community.
Dear Mr Chip. The answer is obvious is it not? He wanted to fool the SEC who he has just declared on a not so anonymous internet - follow each and every trade of his!!