Anything Can Happen

[Rickshaw Man]

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.

You always profit wow! pretty amazing.

 

[Charlie Dow]

Quote from NUTSNEAL:

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

The indicator is proprietaty and a version of it is available from www.jurik.com . It is simply a Momentum indicator adjusted for extreme smoothness.

The conditions are a very simple. The color changes are just based on verifying price tops & bottom oscillations being created in the Market.

 

[Charlie Dow]

Quote from duard:

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?

Simply price action verified at both extreme and simple levels. I use volume or contract bars for price. I try not to complicate price with unnecessary noise.

 

[Charlie Dow]

Quote from VictorS:

1206.5 long area?1202 short area?

I'm looking to 1203.00, 1197.25, 1194.25, 1190.50 & 1183.00 as potential targets to the downside here but in consolidation I just stand aside untill price gives me some clarity.

 

[Charlie Dow]

Quote from Rickshaw Man:

You always profit wow! pretty amazing.

I'ts a lot easier to read where price is going than to guess and make unfounded predictions you have to defend.

 

[wareco]

Haven't posted any charts here in a while, but this one is too good to leave out.

 

[xxxskier]

the mark douglas quote you picked happens to be my favorite. i read his second book first, was very intrigued and then read his classic first book. it wasn't until then that i really got it (but i still 'forget" sometimes......and that's always painful). if i had to pick a single motto for trading, "anything can happen", is it.