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a trader who was a former pilot would probably draw lots of circles on the trading chart. And he would add airport runway too ( parallel trend lines / channel )

28 Aug Asian session again Simsci moved around month-end. hmmm. some traders work only once a month?

one of my trading coaches (a hopeless unsuccessful trader) did something similar to this. He drew thousands of indicators until we could hardly see the candlesticks. He drew all sort of lines, fans, circles, triangles, rectangles, waves, eggs, fans, zig zag lines, radiant lines, up down left...

yesterday's US GDP data release was a very trivial unimportant piece of news. The big news was the FED speech.

Obviously professional traders wouldn't write such books. Many professional talkers/writers failed to spend thousands and thousands of hours looking at charts. Many people are fooled into thinking such books are very famous/popular and hence they follow such books like gospel truth.

Amazing how people could be that rich. most of us don't even have 1% of that wealth. well. Whatever it is, our lives on this earth are limited. Some live till 50 y/o, some beyond 100 years. Some have tons of money to live till the end of life. Some have few pennies to live till the end of...

seems like there will be more derivatives products. But then, there is not much increase in the daily btc futures volume. the average volume is around 8000 which is not that great. perhaps time for the Exchange to make the BTC size smaller.

Because it is a theory, it works in theory only. In actual practice, it doesn't work. Most likely Elliot did not spend thousands and thousands of hours looking at charts.

right. most likely he has been badly burnt by RH. so his comments were rather negative.

Luckily for day traders, we don't have to bother about the market has topped or bottomed. Let's say you long the index futures with 3 lots. how to set target profit? 1st lot - you target decent profit of say reward risk ratio of 2.5:1 2nd lot - target RR ratio > 2.5:1 3rd lot - you hold your...

similarly, somebody has a windfall today.

Like it or not, definitely Robinhood owner and creator are damn smart people. They know how to attract young customers. Now Robinhood is a brand name. Soon, when the market collapses, those who don't do their own analysis but trade based on tips will suffer. Then Robinhood might suffer too.

26 aug Eur session seems like D day

good - chart Simple - chart well presented - chart news source - chart The Chart is the best. It is super fast, most uncontaminated piece of information. In fact, you will be the very first to obtain the news and you will get it before the news reporters. just make sure there are no...

there are various types of trends. Let me give extreme examples. Yesterday during Eur session, crude oil was very trendy. So very easy to earn money. Now try to analyze yesterday's gold chart. this is the type of market you have to avoid trading. Those who day traded gold would most likely...

Cont ... indeed just 1 signal during the early US session. Luckily I stopped trading early. If not, I would be gnashing my teeth and weeping what to focus on? index futures, bonds, perhaps hard commodities what to avoid? gold perhaps currencies

25 Aug summary # signals during early Asian session : 4 # signals during early Eur session : 4 ( Fed related news ) # signals during early US session : only 1 ? ok. time to stop trading and watch Netflix. not worth the risk trading US session.

professional talkers & writers like to talk about fractual things. professional traders do things differently from professional talkers and writers. professional talkers & writers are not professional traders. professional traders will not be professional talkers & writers

Talk about yesterday NQ. NQ was very trendy (ie very easy to trade) during early Eur and early US session. subsequently, its movement / trend was unclear and as such, we should avoid trading NQ. I am not sure how you trade. If you are Ok to show us the chart and indicate on it where you...

nothing much we can do. try different brokers. different brokers have different margin requirement.