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  1. 1

    Are all price patterns the same? (examples)

    Sorry you're upset that we're not digging for answers in your riddles and asking questions so you get an e-ego boost.
  2. 1

    Are all price patterns the same? (examples)

    Didn't you know "gurus" are at such a high level of understanding that they can't break things down into simple concepts and can only speak in metaphors? Again, it comes down to whether or not you can learn from someone. I don't care if someone is the best trader in the world if I can't...
  3. 1

    Are all price patterns the same? (examples)

    Here's a head and shoulders at the bottom. Head and shoulders is usually a top pattern, and inverse head and shoulders appears at the bottom. But it's really just a double bottom with a few highs in between. The only way to make money is if you could identify any of those turning...
  4. 1

    A profitable journal with all entries/exits posted in advance

    I might use UPRO for the next trade. SSO is a 2x weighted SPY, and URPO is 3x weighted. The dividend is pretty small, though.
  5. 1

    A profitable journal with all entries/exits posted in advance

    Normally the initial target is the previous low or high. But with QLD price just kind of chopped around for a while and I figured I might as well sell it now. If it keeps going up then I sold too early, but I don't think about that and am looking for the next trade now.
  6. 1

    Where do the price action trends change on this chart?

    Whoa, a specific answer! Do you find a lot of slippage on the CL? That's one of the instruments I've been watching the DOM for recently to try and learn how the DOM works.
  7. 1

    Where will SPY be at the end of May?

    When does sell in May and go away start?
  8. 1

    Where do the price action trends change on this chart?

    Yes, I am expecting either specifics or no replies. No fortune cookie nonsense, no hints, no guru replies (vagueness that sounds profound but actually doesn't say anything), etc. If you have a super secret system and don't want to share it, that's fine. I respect that. But if anyone...
  9. 1

    Are all price patterns the same? (examples)

    So the close matters? Changing the timeframe would change the close. And the low represents valid price that price traded at so wouldn't a LL low be the same as a LL close?
  10. 1

    Are all price patterns the same? (examples)

    Seriously. These threads always end up full of platitudes. As I posted on another forum:
  11. 1

    Are all price patterns the same? (examples)

    Well technically it can also go sideways making neither highs nor lows, so it can really do 7 things. But that barely ever happens so I didn't mention it. And then you've got the activity between highs and lows in which can it is uncertain what price is doing. For example, if price just...
  12. 1

    Are all price patterns the same? (examples)

    I don't really define trends. I've seen people say a trend is two HHs and HLs. Or a low, HH, HL, HH. Or an HH, HL, HH. I've seen plenty of LLs follow HHs. ...and then make another HH. I don't know where the trend is then. But I've also seen some textbook HH HL HH HL trends...
  13. 1

    Where will SPY be at the end of May?

    What is that options chart and where did you get it?
  14. 1

    Are all price patterns the same? (examples)

    Glad we all agree on the only 6 things the market can do. Now let's talk about how to identify them in real time.
  15. 1

    Where will SPY be at the end of May?

    Chart:
  16. 1

    Where will SPY be at the end of May?

    SPY began the month at $159.33 and is currently above $162. Where will SPY be at the end of May?
  17. 1

    Let's learn/discuss how to read the DOM and Time and Sales

    So I notice that the ES barely gets unbalanced (sometimes it will be like 15,000:20,000 for a moment, usually closer to 18,000:20,000). Some other instruments get big, 2:1 or more imbalances, such as gold and CL. Their volume is also much lower. The CL might have 200-600 contracts on each...
  18. 1

    Are all price patterns the same? (examples)

    I really am trying to understand "price action." I've read the AHG thread (although I'm told that Anek doesn't trade that way anymore), I've read IronFist's thread where he tried to learn price action (it was a good thread before it got full of nonsense), I've read jjrvat's day trading 2.0...
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