Anything Can Happen

Quote from resinate:

The wisdom in this thread is that even with the most optimal time frame/s and best TA, 'anything can happen'. All the charting in the world simply cannot account for it.

Be prepared for that.
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:D Spot on! :)


http://www.elitetrader.com/vb/showthread.php?s=&threadid=57839&perpage=6&pagenumber=5

Quote from OddTrader:

In my mind, I've been thinking for some time the part of TA targeting the above SAMMPAP issue would be much more interesting and valuable than the conventional TA counterpart in order to make profits consistently, imo.

A book teaching such as
- "How to read and produce manipulated TA charts"
- "ABC of manipulated TA charts"
- "There are no manipulated TA charts"
- "Manipulated TA charts for dummies"
- "Manipulated TA charts for profits"
- "How I hate manipulated TA charts"
- "How I love manipulated TA charts" or
- "How to transform manipulated TA charts to readable/ tradable ones"
would be a very saleable one, probably. My 2 cents again. :cool:
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Quote from Charlie Dow:



You do not trade watching the Market from my perspective (chart increment), do not understand how I read price and do not understand how "I" technically analyze price so blindly dismissing what I do as "All the charting in the world", optimal timeframe & best TA shows no wisdom at all.
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Thanks for the "talk". :confused:

You must be Deadly serious. :D


http://www.elitetrader.com/vb/member.php?s=&action=getinfo&userid=37327

Q
Profile For Charlie Dow

Biography Dead for a long time . . . came back to talk some sense into some idiot traders.
UQ
 
fortunately, I follow much of what you are saying. however, how could you determine 1203 (your last note on the chart) was a bottom. I know you usually look for price breaching or confirming continuation, however, I dont see that on the chart. did you look at another timeframe? it only trended and reversed. I am not knocking what you are saying just trying to understand a little clearer. 1203 would have been a tough reversal for me to catch.
 
Quote from VictorS:

fortunately, I follow much of what you are saying. however, how could you determine 1203 (your last note on the chart) was a bottom. I know you usually look for price breaching or confirming continuation, however, I dont see that on the chart. did you look at another timeframe? it only trended and reversed. I am not knocking what you are saying just trying to understand a little clearer. 1203 would have been a tough reversal for me to catch.
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Victor, it says "bottom being created" it doesn't say "bottom completed". The bottom is still being completed as we speak. One must read the simple osillations in between the extreme Oscillations (High Tide & Low Tide) as trade execution points or trade exit points.

The bottom at 1203.00 was an exit point. I'm now readiing price for a conservative long entry. That conservative long "read" will be the completion of that bottom.
 
Quote from OddTrader:

:D Spot on! :)


http://www.elitetrader.com/vb/showthread.php?s=&threadid=57839&perpage=6&pagenumber=5
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We agree that manipulation of data is wrong but yet you ridicule me not knowing what I do, how I trade or what is the fundimental basis of my technical analysis. I refuse to argue or fuel discussion with someone that bases his attacks on unfounded accusations.

Good luck to you and your trading Odd. May you wake up one morning with a smile on your face and an open mind.
 
Charlie Dow

On your chart what conditions are you using to paint your bars (red to blue) & (blue to red) and what indicator are we seeing at the bottom of your chart.

Thanks
 
Charlie Dow,

I wouldn't necessarily disagree with your post-dated analysis but the reasons you post are illusive.

Was your analysis simply price action higher highs and lower lows or did you throw volume analysis and/or detrended price analysis in the hopper?
 
Quote from Charlie Dow:

That's your opinion, which you have a right to but whether there is wisdom to that statement is a matter of perception to the environment you trade in.

You do not trade watching the Market from my perspective (chart increment), do not understand how I read price and do not understand how "I" technically analyze price so blindly dismissing what I do as "All the charting in the world", optimal timeframe & best TA shows no wisdom at all.

You could be the master of your environment for all I know but all I care about is that I am the master of mine. I would most likely fail trading in your environment but I always profit in mine and at the end of the day my environment is what ultimately counts . . . to me.
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Uh... I am fully confident that I am not the master of "my domain" (spx options) ie the stock market. As the thread starter wisely stated, "anything can happen".

You are correct. I am in no position to evaluate your methods of analyzing price action. All I know is that unless you can readily corner your market, the wisdom in this thread applies to you too.

Best of luck
 
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