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The price movement will tell you what to do 1% of the time. But, more importantly, 99% of the time it will tell you what NOT to do!!

I'd like to answer that later when I have more time. So for now I'll just write what one of the world's greatest traders once said: "There will always be trends in the markets as long as there are people who can't read them". Learning all you need to know about TA over the weekend, or studying...

The Mother of all PA/TA. Also called the DNA of price movement, and also The Dow Theory Reversal Pattern. Last edited: Nov 12, 2015 #2 Nov 12, 2015Report Reply Share NoDoji likes this.

I often read and hear traders say how they find that exiting a trade skillfully is more difficult than executing a good entry. I imagine that for most traders the desire for profits reduces the amount of analysis done at the entry, and the 'Let your profits run' saying causes hesitation to exit...

There's a right way to trade, a wrong way to trade, and there's my way to trade!

ironchef said: they just need TA to figure out what to do. I cannot do it for every stocks. Try this: DO NOT try to apply TA (or what it is you use) to all or any given charts. Doing so will cause you to see what's not there. Instead, consider only those charts where the TA indication jumps out...

galvinlee888 said: The purpose of this thread is to see how those PA expect react to any price action without knowing the next bar What you are doing is trying to force an answer from those who use PA/TA based on a situation that you have selected, rather than one that the trader would actually...

My problem was breaking the habit of trying to find a way to trade every price movement under the sun. Took me a while to go from 10000 set ups in my plan to just 10!!

Why are retail traders always so concerned and interested in the results of hedge funds, institutional investors, market makers, Buffett, hft, quants, other retail traders etc.? They are playing a different game on the same board/chart, under different conditions, with different restrictions and...

The forums on ET are full of advice coming from all levels of traders. For the new trader, or even the 'Lost in the world of trading' trader, I thought if might be convenient for those traders to have a central list of advice to read through for their trading education. To those who often...

Are you sure? I don't really follow these stories, but the Japan Times article (in part below) calls him CIS. And the guy in the picture is definitely the one who bought J-Com. The Japanese label in the picture says 'J-Com man'. CIS’s first big score came on Dec. 8, 2005, when someone at...

Yes, but you wind up paying an insurance premium every day against a once in a blue moon event. And when that event occurs you may very well be on the right side of the market or not in the market at all. I'm not saying that precaution is of no value. Hedging with options may be worthwhile for...

When everybody on ET posts their results I'll let you know. Until then I believe I'm number 2 on the totem pole after you.

No matter what the pattern, the terms will be different from one trader to the next. The 'tight stop' you're questioning may vary from 1 tick below support for some to 2% below support for others. There are too many ifs, ands and buts to give a precise definition as to how tight is tight...

Wow, only 9 posts and surely over 9000 enemies on ET!! You need to go down the hall to your mommy's room and say "Mommy, someone said you didn't teach me any manners". Mommy, what are manners?"

Buy from those whose trading ability is less than yours, and later when those same traders come to buy, let them have your shares.

If the price movement warrants doing so, by all means.

Best Trading Instrument The best trading instrument is between your ears. Use it to trade successfully based on that well guarded secret that has been handed down from father to son for centuries, being: Buy from those whose trading ability is less than yours, and later when those same traders...

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This is the guy all of you are so interested in. After the Mizuho trade I saw him on TV. True or not, at the time he said his trading approach was just to watch the ranking list of the largest percentage losers and buy them for a bounce.