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  1. Scataphagos

    How to become better at Technical Analysis?

    There is software for such... Wave59. I looked at it years ago. The basic premise at that time... (1) 9 variables, and (2) when a net of 5 of them are positive, it's a buy. When a net of 5 are negative, it's a sell. Not my favored way for TA, but it's a thing. And then there is the...
  2. Scataphagos

    Direction for stocks and futures:

    IMV, you're pretty much right about all that. Price TA is the roadmap... it tells you "when things may have begun and when they may have ended"... does not tell "how far will they run and how long will they last"... that has to be evaluated "on the fly".
  3. Scataphagos

    Direction for stocks and futures:

    You never know whether or not you are "getting in" just before a reversal. Yes, there is "buy low, sell high".... but there is also "buy high and sell higher" and "sell low and buy lower"... which occur on successful breakout trades.
  4. Scataphagos

    Direction for stocks and futures:

    Lots of my posts have been political... others, just "going for a laugh".
  5. Scataphagos

    Direction for stocks and futures:

    Not a matter of that. It's "Chapter 1, in Technical Analysis 101". People tend to overlook. They shouldn't. KISS, baby! :)
  6. Scataphagos

    Direction for stocks and futures:

    No, thank YOU. I'm sure to sleep better! :) I'm also a former RIA. As such, to comply with the law you're not allowed to say "anything" about performance without saying "everything". I believe in that. Lots of people can "cherry pick" and make claims about the good trade they caught... but...
  7. Scataphagos

    Direction for stocks and futures:

    If I posted trades, I'd have to explain the context to have any meaning. Not gonna do it. I've already directed you to the best fishin' hole. I'm not going to also bait your hook and cast your line for you. Should do some of the work yourself if you want "the big money".
  8. Scataphagos

    Anyone else STRONGLY disagree with what the Fed is doing?

    I think the Fed is OK so far... considering how badly they F'd up for the last decade! (I get it... people are "screaming bloody murder", but what can one expect? ZIRP for years and years allowed/encouraged lots of leverage "because money had no carry cost... effectively free"... then when...
  9. Scataphagos

    Direction for stocks and futures:

    I don't mean to be condescending... but if you don't already know what it means for "the market/price chart to have "indicated", then you need an upgrade to get to "square one". I'm not teaching "from ground zero", sorry. :) It's now and always has been... Buy Support Sell Resistance Chase...
  10. Scataphagos

    Direction for stocks and futures:

    It's not a matter of whatever either you or I "think" the market will or should do... it's a matter of recognizing what the market indicated... and our reaction to it.
  11. Scataphagos

    Direction for stocks and futures:

    You learn Price TA so that you can see what the market is "telling you right now". (Market my change its mind soon... but that's a different decision.)
  12. Scataphagos

    Direction for stocks and futures:

    Not really. The "aim of the game" is to "recognize the significance of and react quickly to what you see". Predictions of all kinds are less reliable and higher risk. (Of course you can anticipate TSLA's earnings will be well-received and the stock rally... but that's a risky guess. What if...
  13. Scataphagos

    Direction for stocks and futures:

    Ditto! (Could be YOU are wrong... the market is NEVER wrong!) The market is the net sum of all that is believed, perceived, hoped for, anticipated... the players factor "everything" into their brain and then decide whether to buy or sell. The market reveals that.... even if only in the short...
  14. Scataphagos

    Direction for stocks and futures:

    "Trade why you see" on the charts. That's it.
  15. Scataphagos

    Direction for stocks and futures:

    Price ONLY.... no volume considerations. You don't "predict", you don't have "targets"... you only "react to what you see" on the charts. If the market is buying, you buy. If market is selling, you sell. Not rocket science. (Plenty of challenges, but rocket science ain't one of them.) How...
  16. Scataphagos

    It's Time to See the Futures: Don't Miss This FREE Livestream Event from NinjaTrader!

    Hate to prick your bubble... but IMV there is nothing special about index futures. They are a surrogate for the underlying index... nothing more, nothing less. They don't trade "especially" anything. Learn "Price TA"... and you can trade all markets, all time frames, all the time. (If you...
  17. Scataphagos

    100 Reasons Why Your Strategy Sucks

    Nope. OP totally wrong on that.
  18. Scataphagos

    Why are ECNs and Dark Pools not available for Commodities and Futures?

    Suggest traders "fuggetaboutit"... things you don't get to know. Read and play the price chart. Best shot all of us retail screen jockeys have.
  19. Scataphagos

    How do I Choose before Dell Ships Workstation

    I know you've been gnashing on the new system for months.... did you get it squared away to your satisfaction?
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