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You're right, it is about probabilities ( and RR). PA is how we skew those probabilities in our favor. Trend and S/R are simple concepts, nothing abstract. A S zone or line is simply an area at which, for whatever reason buyers, decided a certain instrument was a good buy, and so they bought...

The point is that he needs to look at mulitiple time frames to get a view of the forest and the trees. Which ones will be up to him. I would be careful claiming that certain things "only cloud judgement" etc. There are lots of successful traders who use many time frames.

Its likely they just dont understand what S/R mean, but as I pointed out this is the PA thread.

Trend and resistance are not illusions...I'm not sure what crack you would have to be smoking to believe that, but its likely you simply dont understand them. I'm not saying you need them to trade profitably, I'm sure there are other ways, but this is the PA thread.

Ironfist, I was going to make some much needed comments on your chart, but this is much more needed.This isn't going to be want you want to hear, but its what you need to hear. You are trying to run before you can walk. Right now your goal is to make sim points, when it should be to become a...

Well I'm not the end all of PA, just a noob but I would look at a larger chart, determine MAJOR s/r levels on that chart and then mark them on your intraday. Then, if you have done it right, you can watch PA react to your s/r zone. It always will. I use trend lines a little bit as a guide, but I...

They are absolutely legit, just remember there are many more tools.

Use your intuition. People LIKE her voting is how he got elected twice. Geeze.

Yes she will, how do you think Bush got elected twice?

Can someone post a few charts of HSI last week? 5 min bars would be great, thanks.

Would someone post a few charts of HSI for a few of the days last week? 5 min bars would be fine, I would really appreciate it.

Thats why news is pointless in trading :cool:

+1

All true, of course you will never know if you have a " reliable and accurate methodology" if you do not follow the rules or signals that one requires. Discipline is the key!

+1 the ability to create and follow rules is more important than any edge you well ever gain.

To be more specific, weakness is shown when price breaks below a level at which, during previous sessions, many people were interested, and bought at (creating the support). Those peole are no longer interested at that point, ergo weakness.

IMO weakness is shown when a major or minor support level is broken.

What about the other ideas?

I know today was lucrative for a lot of people...buut I doubt you could call it a trend day, at least by my defiinition.

If your talking about just the latest post, doest et already have this (the arrow by the post name)