Search results

Where we are:

Not confusing at all. Very astute observations. At this point, I think that those who have participated get the general idea. I suggest that interested individuals post examples of "phenomena" that they didn't foresee, that they didn't expect, an opening that went in a completely different...

The observations made in the above posts beat feelings. If you can articulate the reasons for your feelings, you'll be way ahead.

These posts represent the payoff for learning how to observe. I understand why so many would rather skip this and move on to setups and entries and trading, but by doing so one learns to look for setups and entries and trades and never really sees price. Therefore it takes him far longer to make...

Missing the mark? I wouldn't say so. Since you picked up on the date, you know what happened next:

The chart to which you're referring takes us up to a few minutes before the open. The following chart includes the first few bars. Does this alter your assessment?

AMT Strikes Again!

Not even as a fold-out?

I've tried that but it didn't go very far. Focusing on the line or lines makes it abstract, and people start focusing on the lines rather than on price (like the Darvas Box), and price movement is where it's at, not what sort of line the movement creates. Learning to trade via lines becomes...

Try this one:

This is pretty much what we did, except that we entered at 95 and exited at 66 after the break of your wider SL. I'm still in the second short.

Someone who's just learning how, yes. Since science it seems is no longer taught in schools, and the books and courses and so on and on that have to do with trading are focused more on quickie fixes and less on understanding what one is looking at, it takes time. A lot less time than one might...

Just trying to make everybody feel guilty.:) This is deceptively important stuff. As I've said two or three times, if one doesn't understand what he's looking at, he sure as hell isn't going to be able to trade it profitably. I've also learned that schools no longer teach what one needs to...

Not so fast there, podnuh. What about all the bobbing and weaving? Price rises from 18 to 21, then falls from 21 to 23, then rises from 23 to 24, then drops from 24 to 26, then . . . Which are rises and which are falls? What are the relative extents of each? How long do they last? When do the...

The short-seller is a different kind of seller. While the seller has unloaded what he had to unload and has his money in hand and can relax for bit because he's not "in", the short-seller had nothing to begin with, borrowed something to sell, and eventually has to buy it back. So, yes, he does...

All of this has to do with finding entries for trades, but the thread isn't about breaking lines and thinking long or short because you're not trading. There are no "rules". This thread is about observing. If you don't know what you're looking at, you won't be able to trade it. So first learn...

This has to do with entries, though. I hesitated to bring it up since it's off-topic, but it was the only way to answer your question about waves without being vague. If you're eager to get into it, your journal can address whatever you want it to address.

I do have a suggestion, though, that may make the way easier. The understanding of supply/demand and the auction market is a bit, well, skimpy. If one stops casting every movement in terms of eager buyers and crafty sellers, he may find it easier to focus on price movement rather than the drama...

93 views but only 6 replies. I'll have to find something more interesting.

But you're not buying the downwave; you're buying the continuation of the upwave. And even though this thread is not necessarily about the SLA, I should point out that the SLA takes care of this upwave/downwave business automatically. If one wants to short, price has to fall from somewhere, such...