Advice

K-Pia said:
It's also called spoofing. It happens everyday. But I don't know what to do with that. Don't want to compete with HTF neither.
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That is why you can have an advantage using charts, as trying to compete with these guys is really fruitless, for, they trade in microseconds with data that we will never have access to - we will always be late to the party!

There are primarily 2 types of trading - momentum and mean reversion, no need to explain as self explanatory.

To say that TA is useless, well, is not actually true - don't mind me saying it, I just wind up the TA guys - but as with any type of analysis, the key lies in understanding how to do it correctly and how to use the data to your advantage.

TA is better suited to mean reversion trading.

Momentum trading is best done with no TA, as you are not worried about price reverting to within a certain % of previous moves - just trying to catch a certain % of rapid price movements.

The clever trader will use both, as when price reverts to the mean, it will not stay there indefinitely, and will start the cycle all over again!

Never dismiss anything until you have tried it for yourself - you will never know what sex is like until you have it, no matter how many times you masturbate:D

J_S
 
J_Smith said:
That is why you can have an advantage using charts, as trying to compete with these guys is really fruitless, for, they trade in microseconds with data that we will never have access to - we will always be late to the party!

There are primarily 2 types of trading - momentum and mean reversion, no need to explain as self explanatory.

To say that TA is useless, well, is not actually true - don't mind me saying it, I just wind up the TA guys - but as with any type of analysis, the key lies in understanding how to do it correctly and how to use the data to your advantage.

TA is better suited to mean reversion trading.

Momentum trading is best done with no TA, as you are not worried about price reverting to within a certain % of previous moves - just trying to catch a certain % of rapid price movements.

The clever trader will use both, as when price reverts to the mean, it will not stay there indefinitely, and will start the cycle all over again!

Never dismiss anything until you have tried it for yourself - you will never know what sex is like until you have it, no matter how many times you masturbate:D

J_S
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I am not saying TA is useless.
But it has more downside than upside.
Too distracting for me. Again, that's my opinion.
The last prices + my memory & some tools are enough.
Chart is just memory. I build my own mental chart.
With only what matters for me. No distraction.
 
K-Pia said:
I am not saying TA is useless.
But it has more downside than upside.
Too distracting for me. Again, that's my opinion.
The last prices + my memory & some tools are enough.
Chart is just memory. I build my own mental chart.
With only what matters for me. No distraction.
More...


Whatever works best, but like I said, never knock it till you try it!

A chart is but a picture of historical price data, and sometimes a picture can indeed paint a thousand words - but, like all precious art pictures, it is not everyone who can see the true meaning of what is in the picture - for most who give it a passing glance, it is nothing but a load of vibrant colors, but, for the few who have studied art pictures in detail, the picture can tell a story as big as Harry Potter!

One can not become an art connoisseur overnight, it takes years of sitting and looking at paintings - ask Mr Bean:D

J_S
 
J_Smith said:
That is why you can have an advantage using charts, as trying to compete with these guys is really fruitless, for, they trade in microseconds with data that we will never have access to - we will always be late to the party!

There are primarily 2 types of trading - momentum and mean reversion, no need to explain as self explanatory.

To say that TA is useless, well, is not actually true - don't mind me saying it, I just wind up the TA guys - but as with any type of analysis, the key lies in understanding how to do it correctly and how to use the data to your advantage.

TA is better suited to mean reversion trading.

Momentum trading is best done with no TA, as you are not worried about price reverting to within a certain % of previous moves - just trying to catch a certain % of rapid price movements.

The clever trader will use both, as when price reverts to the mean, it will not stay there indefinitely, and will start the cycle all over again!

Never dismiss anything until you have tried it for yourself - you will never know what sex is like until you have it, no matter how many times you masturbate:D

J_S
More...
A wise man once told me that when someone inflicts BS on you, then reply with similar BS and you'll beat them at their own game.

Taking+the+piss.jpg
 
K-Pia said:
I took it personally. But I don't care. No worry J_S ^^
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Yes, happened me recently, so I know how you feel:D

Who knows what is MN's mind, only MN of course!

See OG's thread for my search results - interesting stuff, as using some of the TA for options trading makes perfect sense when you see it explained in detail with charts. I am not converted btw, just stating what I have seen:rolleyes:

J_S
 
Here is a TA setup based on one pdf that I found.

In summary - exit long call positions when the 21ema line is taken out (orangey line) - not a signal to short (buy puts), but to get out and wait, as the long side is now suspect.

Let's see what happens and if this TA actually helps us if we were in a long call trade, or if we have to re-enter if price drops and then swings back up above the 21 ema and 8 ema?

J_S

Screen Shot 07-19-16 at 12.22 AM.PNG


SPY with volume

Screen Shot 07-19-16 at 12.34 AM.PNG
 
Btw KP. if you don't want me posting charts here, just say so, and I will post elsewhere, as I know you don't like charts:)

J_S
 
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