Very interesting MN! The "S" curve, now, imagine that If you turn an "S" on its side, what have you? I am glad that the "gambling" bit has stuck in the head, for that is a must, but, the "obvious" is something that YOU need to know and master before YOU will make GOOD money, and it is sooooo OBVIOUS very few actually think about it, and go about reading tons and tons of useless shite, which, is just wasting time = money. The human brain likes to think inversely, so, when the market falls you want to buy, and when the market rises, you want to sell. It does not matter one little bit what YOU want, but, matter it very much what YOU DO! TE
The most important thing to do, before you get out of bed, is to sit on the bed for about 30 sec to allow the blood disperse evenly in your arteries, for, every time you jump out of bed you are killing millions of precious brain cells, and, they are not easily replaced, as can be seen by some of the educated time wasters we have here The Obvious is THE most useful information you will ever get, but, it is so OBVIOUS that very few will ever GET IT. TE
I'm sure these meaningless word games will make all of you into great traders. No doubt about it. Now grow up, you bunch of asswipes!
From what I've read/seen on these threads, at support, its S for long (tilt head to right ) with the bob in the middle pointing the direction to trade, but wait for the worm to pop its head up. Z for short. Trade in direction of trend, which should be same for a stock and the index. On my screen I always have the S&P500 index to gauge trend, and it's S/R, and also look at the EUR/USD, as well as one or two other stocks that I'm not trading. I can't see futures as my broker doesn't supply them, I need a new broker!
finviz.com have futures, daily and intraday. think it is about 5mins delayed but good enough for me as I get my head around futures vs. cash
Why does my stop order always get hit when I move it to breakeven? Doesn't matter how far away it is; it's like a magnet.
A large floor trader once said in book or interview I read every fill gets tested. When I made a lot of money - many of my fills were never tested. Unfortunately I did not realize what an edge I had. I should have slayed the market when I had the edge. Once all my fills got tested I realized how important consistent measurable actions became.
Do YOU not know when YOU are not wanted, you interfering little shit head Now, fuk off and have a few debates with some of your schizo friends, you dumb ass excuse for a trader The world is full of fukin dim wits, that is for sure:eek: TE
Hmm, whilst Ftrs are not a must for daytradig stocks, watching them can help with placing some low risk trades if you have not done your homework in time:eek: Remember the drunk form Down Under, and how he rightly said that divergence with Cash & Ftrs is good sign AT CERTAIN LEVELS Did you find that little book I told you about MN, remember, as I am nearly certain it was YOU, but if not, then I must apologize and send you the name of it? If you are watching the S&P cash only, then add a chart for the NYSE Composite Index, and LOOK if you can see any divergence between the S&P Cash and the broader market. You also need to watch the Tick Tock for daytrading, but, always remember that its chime plays a sweeter tune at certain times Tick Tock Tick Tock Listen Listen Else You Missin And End Up Pissin Know The Diff Keep It Stiff Play You Must Else you Go Bust When Chime Is High And in The Sky Watch The Major To See If Favor Roll The Dice Keep It Nice When In Tune Come $$$$ Soon TE