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1/2 disagree. Trading, yes. Poker, no. There aren't enough cards revealed to do any "probability" evaluation. That is... "opponent needs Ace-Jack in hole cards.. what is the probability of that"? Likely always low. But if that's what he has, you're hosed. Poker and trading have very...

For a trader, that's nonsense.

There's a truth in it. The market SHOWS you what's going on that's important. As traders we need to be able to read that and do what's indicated. Reading the market is much like reading a road map. The part that messes traders up is between their ears.

That's Price TA.

"There are those who don't know and those who don't know they don't know." -- Some Guy

America's problem(s) with inflation... 1. Continued deficit spending by Congress 2. The $5T "Covid money pump". Congress is likely NEVER going to "wise up", but the other problem won't be cured until the Fed drains the "excess $5T" in the system. (The Fed flooded they system with a fire...

Seems to me only the most simple could be programmed... like "crossing 50 day MA". And that's not much value.

Some plays are smarter/dumber than others... but we retail screen jockeys don't have any edge on the market.

The best you can possibly do... 1. Identify your play 2. Determine how much you're willing to risk that your analysis (guess?) is correct 3. Be willing to stop out when your "risk amount" is hit The further away you get from the above the worse you will do.

In case you're curious, here's my experience with EWT... 1. I once dedicated a computer to only running EWT software. In one case, it took several hours to come up with its "preferred" and "alternate" counts. The program noted 93,000,000 possibilities tested! 2. A couple of times, it...

Elliott is included in Price TA. I don't use it much... plus it's complicated. Not necessary at all for trading.

You don't argue. You jibber. ON IGNORE!!

Is that your best intelligent argument? (I haven't been able to tune into Gann, but at least part of Elliot works and Fibonacci definitely works. Your dismissal leaves you lesser.)

Nope. Not nonsense. (Y'all should know by now... I don't post BS/nonsense when it comes to Price TA. When I state "it's a fact", it is. Otherwise I say "it's a possibility to be considered".) I've known of Elliot for years. The "big wave count" almost always clearly reveals in hind-sight*...

The low in October counts as "5-waves down". That was enough to be the entire bear market.... OR... it could be "Wave 1 of 5" in a BIIIG bear market. The action from October to recent highs could count as "a-b-c-d-e" to complete Wave 2 of 5 in the big bear. (I tried to annotate this with...

Neither. The bottom of this range is ES 4100... Top Of Range is 4200.

In a sideways, slop trading range... basic Price TA says to, "buy the bottom of the range, sell the top of the range". Ignore all else. FWIW...

OK, you got it. I'll post this for others to see who haven't.. "DO NOT LET LOSSES RUN/AVERAGE DOWN IN THE HOPE OF BREAKING EVEN ON THIS TRADE". Rather, stop out losses and re-enter at a better price.

That wasn't inferred from the prior post... but rather, "got enough capital to ride-it-out".. almost always a bad strategic play.

What the HELL does that mean?? :)