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@Peter10 I'm trying to understand but things need to make sense to me. If last price were the price at which last transaction took place it would be much to easy to manipulate price inducing others to start a trend in the direction you want. It can't work this way. nt

There can't be more selling than buying.....you can't sell if no one buys, I suppose you mean more supply/ask than demand/bid. But then what does "more" mean? More buyers than sellers? More offered quantity than requested quantity? You seem to hint at the fact that price moves because trades...

This is still selling, not human.-driven but still it causes selling. I suppose support and resistance levels are nothing else than buying/selling algo-driven... Ok, but then do these trades carried via different channels still contribute to traded quantities we see? Also, do these trades...

Would a single bid with a X quantity requested have the same effect of Y requests with the same X requested quantity? Supply and closed trades play no role? Also things like trades closed above the current price don't move price? nt

I have read something about what causes price moves but still I don't fully get it. Let me first tell you what I know or understand and then what I'm still not completely getting. And let's reason on stocks that are at least in my head a simpler security type. In order for someone to be able...

Taken from a pdf I'm reading..... On Buying Low and Selling High When I first started trading on the floor, an older, veteran trader asked me what I was doing. I cleverly told him I was buying low and selling high. He looked at me in amusement and said, “the real money in trading is buying...

This, in part, does not make sense. Everyone is saying you need to trade with the trend. Trend means going where others are also going, no? But then I've also read a book with this author stating that since most traders lose money you need to do something different from what others do...

Said that there is going to be some shuffling around of companies in SP500 sectors, how is the weight of sectors calculated? http://siblisresearch.com/data/sp-500-sector-weightings/ Is it simply based on the number of companies belonging to each sector, is it based on the volumes or the...

@Opteronion precious, precious considerations here, I like them a lot but how do you know that what you are tracking in your log on wins and losses contains the data that will allow you to identify a "statistically effective formula"? In other words, how do you know that you are not missing the...

Thank you so much @AAAintheBeltway for taking the time to share your experience in terms that will allow most people to benefit from it. Often we don't realize that if we are not understood it is really useless saying anything. nt

Well clearly part of having a strategy is knowing when it is applicable and when it is not nt

lol, I was convinced only god owned the truth :D nt

@El OchoCinco what I was trying to say is that sentences as the one by AAAintheBeltway are of little value. What AAAintheBeltway said can be found everywhere, in books, on sites, etc. If one's intent is to give a real advice and share something of value and attempt to add something more should...

Does it come to your mind that what seems clear and obvious to you might not be so clear and obvious to others? Pullbacks? Trends? Is it so easy to recognize a pullback or identify a trend? A vast literature is dedicated to these topics and even with all that knowledge I challenge you to say...

Did you start from well known strategy to find your one? How did you refine it? nt

@usrx201 useful site. Sharing information is so important I believe. Thanks nt

@schweiz what is your opinion? nt

Uhm, is it really just a matter of knowledge? nt

Thanks, I appreciate it :thumbsup: But aren't those just different sectors? nt

s Thank you for clarifying your statement. Who says trading is easy? Why would trading experts ever spend time writing a book if they could consistently make money by trading? Why would many of them start offering courses and trainings if they could just go on trading to make whatever amount...