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There were NO major economy news at that morning and news should not impact any price movements. What time you normally trade? I can always provide a chart at that particular time with the parameters / conditions / indicators that you are looking for at that time, and see how you will guess...

Don"t want any hindsight story telling chart from the PA expert, you can find ton of this in this forum or in any TA books in Amazon (such Al-brooks). The purpose of this thread is to see how those PA expect react to any price action without knowing the next bar will go(up or down) . The...

LOL, we all know the TA expert keep saying the price action never change for 100 years, the pattern always repeat itself due to human nature and bla bla .. This means it should be independent to any instrument Come on, it is not that hard to guess as I assume this is one of the most common...

After "Professional traders" know the name of the trading instrument and date, "Professional" trader can go back and look at the chart to know what happen next , and then come out with all the hindsight expert's explanation ?:rolleyes:

No takers ? :(

Become millionaire from trading or selling education ?:rolleyes:

Below is the screen snip in one of the US Future. Please note the time is in UK time and hence 2.30 pm = Market open time in US. The market technically tank immediately to the previous support after open. To all the PA expert here, if you are in the market at that time, are you long or short...

A very dumb approach, but for sure is better and profitable than 99% of the day trader dreamer outside there.

You missing the main points for ST vs LT. LT will have edge in nature if you don't do something stupid, not for ST

Well said. All the brokers are wishing all their clients are day trade using TA, I hope all the ET can try to figure this out.

I know those type of people (unfortunately) , most of them have no clue what kind of products they are selling. I recalled one of them call me several times with their hard sales. I respond to him with a few questions and mentioned to him who I had worked with before, that guy can't even answer...

In general prop firm will take you regardless what is your academic qualifications, as far as you can trade profitable. However, there are two type of prop firm : 1) Those that try to squeeze money from YOU. This type of firm will normally charge you the "training fees", bogus "...

You did see the trend ? They all started to work with a "firm" ?

You need to either have: 1) A higher degree (Master or preferable PhD) in prestigious University (whether those place really produce a top rated trader is another topic of discussion) 2) Internship, but it will be mainly driven from 1 above 3) Relationship - A recommendation from someone in...

Why it make a shit trading? Don't you know BTFD is the best and easiest strategy in the town for the last 5 years? This is better than any BS TA.. You still doing fine for the past 2 weeks with BTFD if you have a proper risk management.

It is always the government best interest to keep the market in a bull mode, I don't see anything wrong with this. Majority of the population are in buy mode - pensions, retail investors and etc and it is important to maintain the social harmony to ensure the market in north mode in long...

I become super rich after i took advice from ET and trade purely price actions, e g look at the chart pattern, draw support resistance, understand the context of each price bar & action, indicators, explain any chart pattern in hintside and etc. Sh**, the new trouble now is how could I...

I seldom use limit or stop order , the reason is obvious. I think we are in circle here. They are pro and con in put writing.

My point is if you write a put ( as in this strategy) or write a call (covered call), you are limit yourself to potential gain when surprise price movements come in either big up or down. Covered call - you miss the upside Put writing - you miss the opportunity to buy it in even cheaper price.

Those all sound good in paper, but let assume the following case in reality; Current stock price $40 The stock provide a 5% dividend with low volatility and good P/E ratio and etc, e.g. A good candidate to hold in long term You write a put for $38 strike for €$0.50 The company annouce a bad...