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  1. Scataphagos

    Can price predict it's own future?

    Suggest that is "wrong think". ANY AND ALL moves against you should be risk and capital limited. If the market is going to take your money, it should be like being "nibbled to death by ducks"....
  2. Scataphagos

    Can price predict it's own future?

    Yeah, right... some of the books describe such things as "head and shoulder", "cup and handle", "butterflys", "Gartleys", etc... some noobs conclude "THAT" is TA. Well, it's not... only partly and the least important and least accurate/valuable part. "Price TA" is all about "price only"...
  3. Scataphagos

    Can price predict it's own future?

    HOGWASH! Proper Price TA is NOT "a fine line"... it's actually 100% fact!! I understand... I'm sending some traders into apoplexy with the truth... still truth, none the less. :)
  4. Scataphagos

    Can price predict it's own future?

    Last trading signal was a long @ 4155. Technical resistance at @ 4183. That's all I know (what the chart shows*) at this time. *I don't know ANYTHING beyond what the chart shows "at this time".
  5. Scataphagos

    Can price predict it's own future?

    You've got it mostly correct. No need to "forecast the future"... just react to what you see and cope with the future as it unfolds.
  6. Scataphagos

    Can price predict it's own future?

    You are going to hate this statement, but I'll say it anyway... With proper Price TA, you know EXACTLY.. WITH 100% certainty... when the market/issue has changed from "buying to selling, or selling to buying*". ANYONE AND ALL who disagree are WRONG! * Your objective should be to "get in tune"...
  7. Scataphagos

    Can price predict it's own future?

    Then you're "fishin' in a dry hole"... Price TA is the ONLY truth there is!! (Other than illegal inside trading and "front-running" customer orders, that is.)
  8. Scataphagos

    A question about Sim Accounts

    Should be OK. You always have to deal with spreads and slippage.... but if you're trading an issue that is highly liquid, that's not really a concern.... big stocks, large ETFs, stock index futures, etc. The greatest value to a SIM account is to reveal strategies that "don't work". So.. if...
  9. Scataphagos

    Can price predict it's own future?

    Of course it can/does.. in the shortest run! That's what "Price TA" is all about. What noob traders would like to know, they don't get to have... that is, "how far will it run and how long will it last"? You have to "play that by ear". But at least you get to KNOW something... PLAY THAT!!
  10. Scataphagos

    So you want to be a rock n roll star or a day trader. No Problemo. ymmv

    Not impossible. One could become a successful day trader within 30 days if instructed by the right teacher. LIKE ME*! I'd show you how to "buy support, sell resistance, chase breakouts, trade with stops".... just like all the "Technical Analysis 101" Books, Chapter 1... like I've said, what...
  11. Scataphagos

    Goldman Marcus as ACH funding source for Brokerage account?

    Likely up to IB. The banks will send/receive money, regardless (up to their own restrictions and charges, if any). Ask IB what they require and do that.
  12. Scataphagos

    Goldman Marcus as ACH funding source for Brokerage account?

    You might want to check with broker... some hold ACH for 5 business days. Some won't take ACH at all and require bank wire. I've had both.
  13. Scataphagos

    "Technical Analysis Doesn't Work... TA Sucks", you say?

    What's your problem? Just do what easymon1 said... it's the "key to the city"! :)
  14. Scataphagos

    "Technical Analysis Doesn't Work... TA Sucks", you say?

    You're thinking straight and "getting it", Grasshopper. :)
  15. Scataphagos

    "Technical Analysis Doesn't Work... TA Sucks", you say?

    Traders are buying the obvious chart support @ $2-ish... however I looked up natgas data going back 25 years. 1. In 2020, natty reached a low of $1.40-ish and spent 9 months in the $1.40-$2.00 range before seasonal rally. 2. 2020 had the "highest NG reserves going into the heating season"...
  16. Scataphagos

    "Technical Analysis Doesn't Work... TA Sucks", you say?

    You understand not.... and I'm not going to educate.
  17. Scataphagos

    "Technical Analysis Doesn't Work... TA Sucks", you say?

    Issue doesn't need to be cyclical. Price TA shows buying and selling.
  18. Scataphagos

    "Technical Analysis Doesn't Work... TA Sucks", you say?

    We have communicated via PM. My advice remains the same. Learn and execute Price TA... it's the easiest of all the ways to understand and "skin the market's cat". Getting rich is likely to be a "compounding journey". You'll likely need to "grow your capital consistently" to be able to get...
  19. Scataphagos

    "Technical Analysis Doesn't Work... TA Sucks", you say?

    Your goal as a trader should be to become more knowledgeable and better disciplined. Nothing matters more. The money WILL come when you get better. Don't be in a rush for success. Your objective should not be "money today" but rather "get better today". All the benefits will come when...
  20. Scataphagos

    Anyone have any experience with "thepitfuturestrading.com"?

    Are there any pit contracts still traded?? Seems all has gone electronic.
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