Are you good at price action and technical analysis?

schizo said:
No offense, but this amply illustrates to me that you have no idea what chart reading is. So I can't help but question the motive of this survey.
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Exactly.

His motive is to try and be a wise-ass insisting that a PA only approach does not work. To those of us that know it does though - it just makes him look like a moron.
 
Specterx said:
Just to be clear, nobody on ET makes a living trading breakouts on 5 minute candles.

With that out of the way, the premise of this quiz (that TA or any other trading method allows one to forecast the coming 5-minute bar from a random point in time) is nonsense. To the extent "price action" carries any useful information, it's about identifying and reacting to significant events or inflection points in the market, not magically seeing the future.

To use a simple example applicable to current markets, if SPX makes a new 6-month high then you'd better be long if you want to call yourself a trader. That has nothing to do with "predicting" Monday's closing price.
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"nobody on ET makes a living trading breakouts on 5 minute candles"

Are you taking the piss?
 
Why do I need to sign in?

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When I click the link, it wants me to sign into gmail. What kind of quiz needs to know my gmail account??
 
It astonishes me to read the posts in this thread. Much of it just plain WRONG! (Some is correct, however.)

I'm as much an expert on Price TA as anyone is going to find, and I'll respond with correct info if asked. (Jim PMd me and asked, "why do you even bother with the Bozos on ET... trying to help them is like hollering into the wind".) True, unfortunately.... maybe I'm just a closet masochist...

So, if you've posted in this thread and you want me to respond to what you've said, let me know. Otherwise, wishing you good luck! :)

KISS, baby, as always!
 
"Intraday Trading Quiz: Where does the next 5 min bar close?"

Just saw that from the snapshot above. Seriously, is that the premise? That to validate PA, you need to know the next (5-min) bar's close?

Ham-handed much?
 
qlai said:
If you’re going to keep saying KISS with no practical advice, then no from me.
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I wasn't going to teach you or anybody. If you can't tell from my charts that "Price TA works so well that you gotta be using it"... and get motivated to learn about it, then hard to see what hope there is for you.
 
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