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You can tell if price is rangy or trendy without the need of indicators, indicators can tell you the same, albeit just a bit slower, but what's the point of the past, if it tells very little about the future. Unless your tool or the way you use it contains predictive value, the tool will...

Careful confusing a bull market with profitabiltiy.

Agree

Great posts Dbphoenix, as per usual.

Sell in May and go away :)

Predictive techniques remain amiss, without this, one eye remains closed, and you are left with an incomplete system.

Thank you for taking the time, and I do know the great AC/DC :)

If you are expecting a large plunge, don't see reason for trading the range unless you are expecting consolidation to last a long time, meaning, ride the top of the range to the middle and low (as you say) many times, and if that's the case, why waste "time" premium buying those puts...

A sensible answer at last.

Understandable after a plunge, we have not plunged yet.

Inefficient imo, you get in at break of 2 with stop below 3, while taking into consideration, "gotcha" like action as suggested in post above. Learning when and how to buy high and short low has a better edge than pullback trading.

Incorporate ways of identifying "gotcha" action in trends so Lower Lows in uptrends do not spook you; opposite with downtrends and the corresponding Higher Highs.

Unless you are expecting a long term consolidation before the plunge, it makes no sense to me, perhaps I'm missing something obvious that was mentioned in the past.

This worked great in this situation but had the range broken after you scaled out and begin the hard drop you been expecting, you could have missed the big drop on your best size, all because of a quick short term trade.

You strike me as a loser who never got it so everyone else deserves the same fate to prevent your fragile ego from breaking.

Ofthomas, weird. Scalp fast markets and fast time frames using Linksys routers without problems. In fact, if I hook up the LAN cable I can't notice any difference whatsoever just make sure no electronic devices can interfere with the wireless connection and produce unwanted disconnections...

A 1min chart has a higher frequency of noise but I would not label it as "clearly noise". Instead, you have to be alert, and constantly monitor its quality, to filter it's periods of clarity out periods where reads are unreliable, something that is also present in any time frame, including...

I did not read in details, was he expecting a collapse like near term or just for it to go lower over time ? Reason I say this, is because many times luck plays an important role in our trading. Now, if he mentioned that he was expecting a near term collapse, hard and fast, then hats off...

You only left "flat" out. :)

On the other hand, we readers, can quantify PDs, and they are looking as hot as an ice cube!