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  1. 1

    The no BS, obfuscation-free price action thread

    Today's chart. I was gone for most of the day and wasn't able to watch it in real time. 5-28 5000 volume ES I don't see much PA stuff that I can identify.
  2. 1

    What do these three situations say to you?

    Look at the three situations below. Which one of these situations looks most bearish to you? Which looks most bullish? Which looks like price is about to chop around and not go anywhere? Which looks like a reversal might be expected? Which looks like confirmation that the downtrend will...
  3. 1

    Using the books of retailers to trade against the herd

    I buy S&P500 when it is going down. I buy more in big downtrends. That's kind of doing what you're saying, right?
  4. 1

    Making Bollinger Band fading profitable

    I thought I heard somewhere else that even Mr. Bollinger couldn't trade his bands successfully.
  5. 1

    The no BS, obfuscation-free price action thread

    I'm going to need more detail and/or examples than that in order to actually understand what you're talking about. Are you saying you look for a 2b within a W? I know what some traders do. I'm looking for specifics on how to do it.
  6. 1

    The no BS, obfuscation-free price action thread

    Cool, so I'm 1/3 of the way there. Would you mind sharing some quantifiable specifics regarding market context and trade signal? Is market context something like if a longer term chart is in an up trend or down trend? Is trade signal something like entering at a specific point in the...
  7. 1

    Are you more comfortable buying or selling previous highs?

    As long as you are happy with the answer you got :)
  8. 1

    Are you more comfortable buying or selling previous highs?

    The difference is that the person teaching you to tell the sex of day old chicks has a verifiable record of correctly telling the sex of day old chicks, and isn't just selling a course on it or posting non-specifics on forums dedicated to telling the sex of day old chicks.
  9. 1

    Are you more comfortable buying or selling previous highs?

    Cheating = violating the agreed upon conditions of a monogamous relationship. Most relationships are agreements between two people that they will restrict their physical intimacy and time to each other, for example, "I won't date/be physical with anyone else and in exchange you won't date/be...
  10. 1

    The no BS, obfuscation-free price action thread

    Well I only know of a few: Head and shoulders Inverse head and shoulders M top W bottom 2t 2b Double top Double bottom But as I pointed out in another thread, all patterns are pretty much the same anyway, so I suspect there is more to it than just pattern identification...
  11. 1

    Are you more comfortable buying or selling previous highs?

    Sounds like some nonsense. The only way that might not be nonsense is if you ask someone how they interpret a painting or something. When someone asks me the definition of a word I give them a specific definition with examples for clarity. Then again, I'm not a "guru."
  12. 1

    The no BS, obfuscation-free price action thread

    ^ All good points. Right now I'm just trying to identify patterns in real time. Price action 101.
  13. 1

    Are you more comfortable buying or selling previous highs?

    So you buy price starting to go back up after a retrace. Well that's a good strategy but wasn't one of the options :)
  14. 1

    Geico Auto Insurance Won't Play Fair

    I didn't even see Geico on that list.
  15. 1

    Houses in Detroit as an investment?

    lol. I would just buy when it was low and sell when it was high!
  16. 1

    Houses in Detroit as an investment?

    Too bad there's not like a Detroit real estate ETF that is like 1/100 the average house cost. You could buy some now at like $50/share and then in 10 or 20 years it might be worth $2,000 per share.
  17. 1

    Who's cheaper than Scottrade and DOESN'T have inactivity fees?

    Also, OptionsHouse is out if you trade penny stocks. In addition to the regular commission they charge $0.005 per share for stocks under $2. The rest just add 0.5% of the principal. I couldn't find any info for Just2Trade about penny stocks.
  18. 1

    Who's cheaper than Scottrade and DOESN'T have inactivity fees?

    Pretty bad review of Just2Trade here: http://www.fatwallet.com/forums/finance/816280/
  19. 1

    Houses in Detroit as an investment?

    These are $5,000: Of course they are a block away from this: And you will have squatters within a week. Will Detroit ever recover? If so, possible investment opportunity.
  20. 1

    The no BS, obfuscation-free price action thread

    We are getting close to BS and obfuscation. Please take your not-out-of-the-box secret indicator into its own thread.
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