I don't know what RM does or doesn't make, but I do know that I make my living trading. My computers are are on about 100 hours per week even when I'm sleeping, it's surprising how often I wake up at odd hours and end up making adjustments, but I usually only spend 1-2 hours per week actually actively putting on or unwinding trades, yes, market action can mean many things to many people, when I say it I mean it in the literal sense. Currently, this is one of the rare times that I don't have any positions on, I'm usually to varying degrees always in the market. Most of the time I am bored stiff watching mr market weaving his magic and anaylizing the market action. I also spend lots of time on chat rooms although mostly talking to woman.lol So I don't see RNs behaviour indicative of anything in particular, except that like me he looks for ways to relieve the inevitable build up of tension in a productive way. Although, no market tonight so off to the pub to see a rock band, drink lots of beer and chase loose woman, also another one of my ways to relieve stress.lol Helping people on here is good for the spirit, but you never know until you give it a go. Chees John
I don't use pivots, fibs, or s/r.. I rather use a naked chart with maybe one moving average.. But that doesn't mean people aren't making money from pivots, fibs, or s/r..
Before responding - I imagine at some point Manga will be back.., and likely pissed Note - apologies Magna - apologies So you think I just recently went "pro PA" And did so in order to run you off Boy..., you really are delusional Not able to produce tangible posts to support your accusation - go figure One must trade logically..., while one trades price Trading logic is useless Appears psychological..., and logical - are mutually exclusive in your world - interesting You also evolving into a gimme..., gimme..., gimme.., show me..., show me.., show me.. Care to pick another trading day - out of the first 15 in Dec LOL Hate On Turv!!!! RN
2 blank charts and 1 profit number, aren't enough to convince me, ever heard of photoshop ?? Notice ignored the request to post an actual setup, so we can see what you mean by PA! Interesting. Ohhh sorry for asking for proof that your PA you preach and ruin all newbies with is actually valid, very sorry indeed!
Nope.. This is how I know you are lost ..Pivots, Fibs , trendlines aren't PA.. RN, can you please send this guy to PA school please, because I don't have the patience.. PA means price action... I'm reading price and the patterns that price creates..
That's what your doing and your take on what PA means, it means different things to different people. Therefore trying to help someone by saying us PA or learn PA is like saying learn flibble flobble, it's equally as meaningless. I too trade of the patterns it creates, higher lows and enter on them for example, I could say I'm trading PA aswell but nahhhh! RN is a Doji, this single candle patterns means go long kinda PA trader.
The shooting star candle sets up one of my highest expectancy setups. I don't trade it as a reversal signal, though.