Search results

You said that sarcastically, but that's exactly the way it works. :)

Your obsession about "after the fact" is a mental block. Nearly ALL trades are after the fact... some fact. The setups are there regardless of who does or does not take them. You just like to rag on me because I don't make it a point to reveal them mere seconds after they occur. They are...

If there is "science" behind the lines.... it's behavioral science. Other players around the world are watching those same charts. When "enough of them play big enough" on a line, the market may/usually reverse (at least temporarily). It's a "Monkey See, Monkey Do" thing, and they do it...

Ah, now I understand your disdain for TA... you don't understand as well as you think you do.

I'm a former "pooper scooper:... for whom do I plead for a pay raise?

Not sure you can get a lower rate at Fidelity. Some other brokers charge less (contract fee), but may make it up with customers having to pay a higher spread. There is "no free lunch", in case you hadn't guessed so far. EVERYBODY who handles a trade or provides a service needs to get paid...

Whether he or anybody sold or didn't... the down arrow marked resistance and a turn down. There is ZERO valid argument against... it is documented FACT!

A lesson... "His" defined resistance may not be the market's resistance. Often, "close" is "close enough".

NOT subjective at all!!!

Jesus crimeny... how stupid can you be? (1) YES.. sell longs or go short on the obvious down arrow.! (Why? Because it's a "technical bear pivot") (2) The "down channel line" (not known at this time) was not the indication... merely my future reference... may/not come into play later if...

Your "X"s are something. Are they "questioning" or confirmations in your mind.??

JPM earnings were a one-time reflection of their acquisition or Republic Bank. Likely means nothing beyond that. Don't be duped. Suggest holding off on "big bank" related plays until further earnings results.

These are perfect S/R "Price TA... KISS" setups.The up arrow is a "matched low". The down arrow is a "bear pivot". If you don't understand, it would be worth it to learn. These setups are the same principle for the really BIG ones.

If I were looking for someone to manage my money, I don't think I'd pick you.

This post references a S/R break that "runs"... What about the "false break", the prospect of which seems to freak out some traders... In my post (#32 on my rig) I expressed my stop plan for S/R breaks where the market "runs". What about the "false break"? Seems traders are overly concerned...

Cramer has (at least) one ex-wife... name Hillary. She supposedly was behind all of hit stock picking success way back when.

There is no correct answer as to where to place stops. There are pros and cons to having them tighter and looser. IMV the most logical place for stops is "just the other side" of Support or Resistance. If the market moves against you, hopefully the functions of S or R will keep your stop...

I usually put stops the other side of support or resistance.

Disagree about your notion of stop/no stop. A proper play is to "evaluate the trade's merits and determine how much you care to risk that your assessment is correct"... that's where you place your stop. There is no "right answer" as to where to stop out. Stops are to protect capital...

I let my mind work on this a bit before responding. I consider the notion of "a dozen trades within 2 hours as unreasonable." Price TA works on all time frames and in all markets... but you know you can't trade every tic nor every little wiggle. You need to figure out which trades offer a big...