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Well, I guess ST sums it up pretty well. There are PA traders who take the tops and bottoms, and those who like ST take the middle, more like Dow Theory. Nothing wrong with that - the big guys add to their positions where ST is likely to trade as the move has proven itself then. Those who...

when I said a channel is mathamatically perfect and a no-brainer, the last post is a very simple example. No discretion; no rejigging. All PA is math related and channels are the easiest to use to grasp this. Simple, powerful. It's another indicator. What do indicators give that PA alone...

Duh! forgot chart

private discussion - maths relationships but most will be obvious to all

silver - what you said was correct re PA but it was a poor quality move down in PA terms. Could easily have resulted in noise. The indicator said it was ok to expect a decent return for an investment and to take the trade before the herd got in - before the PA signal completed. This allows...

silver, you missed the point. The position could be taken before the PA signal as well as qualifying the trade

nope

as close to realtime as I can copy, highlight and post. Indicator tells me here - no noise - before green candle is complete - reverse.

Jack, you say... "Trading is a precise mathematically based effort. There are no descretionary things like those that you raise in your Q's." On some markets, like ES, there is an astounding mathematical precision, but it's not always there in the way we see it. Take channels as an...

Jack, I think I understand what you are saying, but only because I have a working frame of reference that has a lot of similarities. I use extensions of proven channels, but I do very little by way of adjustment. The point I am trying to make is, I think I can understnad what you are...

SusanaDT, yes agreed - that goes without saying, but it doesn't answer the question. What I mean is, compare like with like because good indicator traders use multiple timeframes. Going to a bigger timeframe is not always the answer - you get the same problems there but in a bigger timeframe...

Ok, ST and others asked what indicators can do that PA alone can't. I gave a lengthy reply in order to give a frame of reference and then a synopsis. But I am waiting for a reply to my question from PA traders. Lets say we had a top, a good pullback and now it looks like PA is going for a...

Jack, I agree that channels are very powerful trading tools, and the ES is the best for channels I have come across. The Euro is good, also the YM, the Russel is poor, NQ I have not used channels on. However I use channels in a very different way. Mathematically they are perfect and there's...

Got me confused too. Do you really mean an indicator that gives S&R or do you mean what S&R levels work? What markets are you trading?

Shortorlong, thanks. You came here to learn something and just like trading, you have to be able to cut through the noise on ET to get somewhere. Re my thread, I don't have a copy, perhaps someone else has - ask the moderators. I will look for some more resources for you and PM you

Try Prophet - I think it's free.

The big black candle is giving you resistance at the mid-point and that's resulted in two failed morning star formations - not good. However your frame of reference is not clever. Look at this chart using 4hr candles over 60 days. PA is caught in a range and it's moving toward the bottom of...

as discussed

yes it's illegal and a total fraud, supported, upheld and hidden by the SEC. It's destroyed good companies, stripped investors of their wealth and lined the pockets of Gordon Goko's in high places. Investors don't understand, don't ask for share certificates and brokers assist in the fraud...

Cont'd... It was because of the power to predict that was latent in MA’s that Bollinger developed his bands. These are dynamic trading ranges and amazing in their ability to predict the onset of a fast move when PA is too messy to take a position – PA has to take the breakout. Combining...