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I liked your style up until you mentioned you fade a trend. I really hope you do ok in the long run. Why not put those dual MA's to better use?

Yup. Money management is the means to maintain consistent profitability. It's the only way to extract profits from the game.

What's so funny? Read the third statement. I said PRICE. Like you putting a $50 target on SOLF. Where is that post BTW? In fact, here i'll use you as an example. Your first target on SOLF was 24. Based on what?! Your crystal ball? If so, take it back! What would have happened had...

Like I said....this primarily applies to Technical. Fundamentals on the other hand is major part of long-term, medium-term trading. They're only significant in the time period they can be applied to. (Typically day, week, month, year timeframes.) This can be used to interpret price and...

Alright. I suppose your correct. But the whole problem is that when you think in terms of prediction most traders view price as something of major significance on a technical level.

Joab. Where is price velocity likely to be greatest to the upside? Directly after a sell-off to the stocks 52-week low? Or after it passes through to it's 52-week high? Remember SOLF? Several traders sold the first gap up thinking price was too high. Hell, everyone in your thread...

Lets see if I can clarify this a bit. The whole idea im trying to get at is price is not something that is INCORRECT. Price is correct. If you think the market should be trading at $40 a share and it's at $50.....then you're obviously wrong (at that moment). However the perception of...

You assume price is supposed to be somewhere. That's not the idea. Your goal is to assume (based on a probability) that price will move in x direction. Then your goal is to find where the likely (significant) support is in the market and allow the market to trade to that area. Man this...

Yeah. That's what I was trying to get at but unfortunately from reading these posts I did a very poor job of it. :(

Yes. Probability is probably the best way at describing it. An example for everyone based on market probability. Look at the daily SPY chart here. http://stockcharts.com/h-sc/ui?s=spy (fill chart, 460 size) Count the number of "black" candles produced. It appears that the...

To see where orders are and aren't. What area will lack liquidity? Here's an example. Say that you have a market swing of 100 points down to it's daily lows and it bounces. Now lets say that the majority of the traders in the market are accustomed to playing FIB levels 38.2%...

It is my firm belief that the reason traders lose, is because they dont know how to follow. Instead they want to lead. There's a famous statement.."be first to be second". That holds true for the markets. Markets move on supply and demand. Fear and greed. NOT indicators. The goal...

Trade working well so far.

Tape reading fills in the gaps on charts. There's a lot left on the table when using only charts.

As usual, you're wrong. How'd that Wed. trade go? Lets see...every day been down. But that's alright. Maybe one of these days you'll actually figure it out.

Im short a starter this afternoon. Lets battle.

I take back my comment. They're not entirely true. CD's comments on trend have bearing. My statement is incorrect when considering his view. But most interpretations of "trend" are incorrect since different stages exist as CD stated (aka velocity). There's a way to optimize...

Worthless. The trend is meaningful to an extent. I can't tell you why because Im not sure myself why. But if you understand how to trade it you can make money. And im not saying your typical "upward buy all the dips trend". Because you're riding that one up based on something else...

Longs giving back all the gains today ha! What a joke this mess is. Bernanke gonna take out the system. Longs going to go down with it. Guess the EMH does exist. Who woulda thought. -70 as we speak. There were a few posts today mentioning that the FED announcement has no bearing on...

lol I love your confidence Dig