Search results

It's just another typical CDO. Anyway, don't expect Wall Street to learn from the past. They never do. In the end, they just rebrand their fraud under another fancier name.

I'm not sure I follow. Exactly what "bars" are you referring to? The bar that @ironchef was referring to was in response to the following post:

If not bars or indicators, then what?

"There are two kinds of traders in the world: smart trader and wise trader. A smart trader learns from his own mistakes and a wise trader learns from others' mistakes." — Anonymous

The 4 hour chart has always been the go-to timeframe among the forex traders. As you can see, the trendline has been breached already. It could still go back up, but that certainty will only diminish as time passes.

I ain't no follower of Elliott Wave, but there's no mistake in spotting one here. If you made enough, get out when you can. As the saying goes, no pigs will be spared. WEEKLY

:D I think I'll be fine on my own, but if I ever need help I'll let you know.

But he does talk a lot about pullbacks. Think of it this way, A range is a collection of many pullbacks. So just use the same pullback strategy Brooks taught you and stretch it out to the hilt.

Except you never post anything in realtime. It's all after-the-fact, even this post for that matter.

Hey, I appreciate the ebook. I'll check it out. I will say this. Even though it's risky, trading rangebound markets is much more profitable than trading trends.

Very true. And this will be the last time I'll be giving my time during trading hours to explain anything in detail. For sure.

Dude, no matter whether he made money or not, you shouldn't treat the deceased that way. That's extremely rude and disrespectful.

I can only shake my head. I placed the last 3 check marks on the above charts well in advance. As you can see, prices pretty much came in line with those marks. There's nothing arbitrary about them.

It sure broke below the lower range, but it ain't going anywhere, which means there's no conviction (not surprising since there's less than 5 minutes left).

So you still think this is "arbitrary"?? :finger:

Will we get one last reversal or will this break down to the south as I think it will?

Keep an eye out on that dotted trendline. If that holds, we will likely rally. If that breaks, we're heading south.

I don't think so buddy. It's going exactly according to the script (so far). But with only 30 minutes left, anything can happen, so take that into consideration. I personally think we'll get a selloff into the close. Let's find out.

So once you "know" it's a range, it then becomes pretty straight forward. You buy the low and sell the top, until there's a breakout.

Should you buy or not?? Or rather should you have bought or not?