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And here, at 1000, is an example of what is meant by new traders coming into the market, i.e., a different group of traders. Those who trade hourly bars have a swing high at 19 and another at 34. These become "levels of interest". They need not have anything to do with one's trade management...

Or it may just be price discovery without any bearish or bullish implications. That's part of what I find fun about PA. I posted this a few minutes ago. May as well copy it here (note the level of the apex):

Speaking of technical analysis, may as well post this here: dbphoenix said: "TA is not the use of past price and volume to make predictions about future price. TA is the study of price behavior. What the trader does as a result of that study is outside the purview of TA." DB, I have a...

Actually this thread is an excellent venue for addressing misconceptions held by those who haven't read the material (45pp, 30 without charts; hardly War and Peace), either because they are not at least curious or because they are afraid they will go blind, the most obvious nonsense being that...

This is what the Earth would look like if all the ice melted

Speaking of useful, I'm discovering that one of the advantages of "likes" is not only that they remind me of something I posted that I'd forgotten but that at least one person found beneficial. If several find it beneficial, all the better. For example, Today was an excellent example of the...

The PA trader must remember that all charts are tick charts, even the daily. But how one views them is entirely up to the trader. Some people trade off 1t charts. Most would go blind in a matter of minutes. But even the hourly chart is an amalgam of ticks. The dollar consists of pennies, but we...

If the ***** would just read the material, he'd save himself a lot of time. In the meantime, the number of views of the Foresight thread is mushrooming, so at least a few people find it useful.

This may make copying and pasting easier for you: ------------------------------------------------------- by Linda Bradford Raschke Sometimes it is nice to reexamine a simple concept when there appears to be overwhelming volatility in the markets. Mechanical systems and patterns are helpful...

No tolerance permitted. Outrage only. Have you forgotten where you are?

It's not stupidity, just a consequence of not having really engaged the material, like the difference between watching a tennis game and playing tennis.

Just calling attention to the current behavior of price. No predictions. I don't predict. Incidentally, there's an entire thread devoted to trashing me. You'd enjoy it.

I'm sure that this has been noticed in some thread or other, but if not, these lower highs in the Dow and S&P matter. The Naz appears to be doing fine, but the NDX may be acting as a canary as it has formed the same LH as its companions. It doesn't take unusual perceptiveness to see the regular...

Yep, that sounds about right. And when you get around to re-reading Wyckoff Lite, you will very likely pick up many things that went right by you the first time. Everybody does, at least those who find it appealing. W is entirely about supply and demand and the balances and imbalances between...

No point that I can see.

Full circle :D Shall we play another round or just go back to where this started?

You left out the indicator part when characterizing his approach. You're throwing a lot of shiny objects in the air. The subject of the thread is whether or not indicators lag.

My post had to do with what he posts in his thread, not the virtues of trading over long timeframes. And what he posts in his thread revolves around indicators. Which is the subject of this thread.