Search results

Apparently it is. Have a nice day.

Get rid of the lines.

I don't recall it being especially obnoxious in the original book, but that was over twenty years ago. Even so, one just has to breeze past it. Like Ignore. But at least he understands that the market is an auction market, which provides a basic structure. If one doesn't understand the...

If past history was all there was to the game, the richest people would be librarians -- Warren Buffett

How long it takes other traders may not be of much help unless you're talking about a ballpark the size of Montana. How long it takes depends on how much one has to unlearn, how and with what one begins, how much time one has to devote to it, how much time one wants to devote to it, how much one...

This first chart -- the "swoop" chart -- was posted three weeks ago: This second chart is an update and a zoom-in of the last two trend channels: The mean of the current channel is about 3600. If we fall as much tomorrow as we did today, we'll be pretty much there. The lower limit...

I have to agree with this one. TL has this feature and it did no good whatsoever. Think of it as an exercise in discipline. Honing one's Zen. Letting Go. Unless it's some pest in your own thread, in which case you can complain to your Mod. :)

Previously posted: There is no "right" interpretation. There are millions of other traders looking at the same thing you are. If they all interpret what's in front of them the same way you do, price will never move. What matters more is an understanding of what they may have in mind and what...

And remember that everyone is in a different place. Like a one-room schoolhouse. Some are actively trading, some have only begun developing plans, some are still testing, some are still observing behavior, some are only thinking about it while they cling to their indicators. If the chat is...

Today offers a good example of when lines aren't going to do you much good. Instead you have to get into the minds of buyers and sellers and what they want and what they're afraid of. Perhaps most important, what are those who just bought now thinking? This is all taking place at the upper...

I posted this chart last June: And here's where we are today: Granted it's 8 months in advance and not "real time", but those who knew what to do with it have done okay.

Your first post in six years. Thank you.

If someone were to ask, yes. That's the way it works. Demand -- or buying pressure -- causes price to rise, i.e., buyers are willing to pay what sellers are asking. If they aren't, no transaction takes place. Supply -- or selling pressure -- causes price to fall. And prices will continue to...

Your questions were addressed here.

Like a hockey game. The pullback is your friend. It allows those who missed the first move to climb on board. Then don't try. At the moment, you're just observing. But when you get to the point of entering and managing and this situation comes up, just get out and wait for a potential...

Rarely do any of us grow up learning how to operate in an arena that allows for complete freedom of creative expression, with no external structure to restrict it in any way. In the trading environment, you will have to make up your own rules and then have the discipline to abide by them...

So you have a trading plan after all? What is it?

I don't know that someone's journal is the place to discuss this, particularly since I've addressed this so many times in my posts, but, as Tonkadad points out, price is continuous. There is no "open" nor is there a "close". However the trader elects to illustrate price movement is of no concern...