Any long term strugglers out there?

[hitchslap]

what have you traded today out of interest?

 

[zbestoch]

Ed Seykota says that everyone gets what they want out of the markets. While it may seem strange, many people actually want to lose and thus get what they want by losing.

Or they are in it simply to be in it, i.e. "for the action." I know a few gamblers who are like this.

I stupidly tried trading using TA (support/resistance/priceaction/trendlines etc) and it's been a dodgy few days!

How would you use "TA (support/resistance/priceaction/trendlines etc)" to explain the shorts you were taking on the ES yesterday afternoon?

 

[Eddiemorra]

what have you traded today out of interest?

Dax. Slightly up today.

 

[Visaria]

It's actually more time than that! But I don't think i'll ever quit, now. Commitment bias. If the answer IS in the charts (though i'm about 95% sure it isn't) then maybe i'll find it one day considering I spend about 6 hours per day, every week day, for the last 6 years or so starring at them and testing things!

You're working too hard.

Do you even know what you want from the markets? Do you wanna get rich, do you just want to make a living, what is it that you want? (i sound like my ex gf hehe)

 

[Eddiemorra]

How would you use "TA (support/resistance/priceaction/trendlines etc)" to explain the shorts you were taking on the ES yesterday afternoon?

..

 

[Eddiemorra]

Done for the dax with Dax, +50 points
luck was with me!

 

[Visaria]

here's a nice trade for you, i just bought Oct Brent crude at 4900, stop at 4750, target at least 5050.

I'm out of half at 4941..in case you took the trade.

 

[Visaria]

Done for the dax with Dax, +50 points
luck was with me!

Here's an easy tip, stop trading 1 min bar charts!!!! It's like you are playing a slot machine!

 

[Visaria]

out of the rest @ 4890

I'm out of half at 4941..in case you took the trade.

 

[zbestoch]

..

If that is what passes for TA, then it can be no wonder why so many piss and moan about how TA doesn't work.

If the answer IS in the charts (though i'm about 95% sure it isn't) then maybe i'll find it one day considering I spend about 6 hours per day, every week day, for the last 6 years or so starring at them and testing things!

It is not in the charts as you are seeing them.

Here's an easy tip, stop trading 1 min bar charts!!!! It's like you are playing a slot machine!

That's a very good tip for you, eddiemorra. Another would be to get some real TA knowledge - read some Edwards/Magee, some Schabacker, some John R. Hill and some Stanley Kroll.

Here's another good one

And another

And this might help you with days like yesterday (and like today might be shaping up to be)