Search results

any move which reverses in high momentum from a low or high is a 'corrective' move and should be traded as such. any move, which breaks a low or high,a trendline, in high momentum is also corrective unfortunately like every thing else in trading it is 'relative' and it is also counter...

I too read the book written by Hardy...who discovered him

Jessie Livermore once said:there is no bull side and there is no bear side...there is only the right side

i have been studying trend lines something i have always scoffed at because they are so subjective....

this comment makes me suspect you are Indian or a mathematician

the movement of markets is complex enough and that it takes place on so many different time frames make it impossible to decipher

if you know that great man ....not many people have heard that name

interesting comment there are concepts and concepts in trading.....and you know where i am in all this...

yes that is it and why should he

money is not given away free in trading...you have to earn it

the market keeps changing any time it likes so it is important to keep reevaluating the market every bar. because buyers and sellers can change their bias at any time.....be on guard.

it is also critical how resistance and support lines are drawn. lines horizontal or slanted. these are subjective but like all subjective things, used properly they can be extremely powerful. also the competition does not have a clue about this

there is something Al did not write in his book...something he left for us to figure out

I am working on it...but I am 62years old energy crisis but it is costly ...may be shift to demo./sim for a few days. that way can concentrate on the theory without losing money

so what does that tell you? always buy the second hit-never the first....but how far will it go up? till it hits the resistance a second time....this is what Al said.....market will try to up two attempts and down two attempts. do not question me on this.... figure it out....I have given hints

see a lot of this is like seeing a mirage...try to grab it disappears

notice this a fast move will hit resistance faster... .a slow move will hit it later...... because of time..can you see it? on a chart?

see I too notice a lot of these things. the problem is ...we have to make money out of this knowledge.

stop triggered

good point trade and forget