Are you good at price action and technical analysis?

[lariati]

So many different styles of trading too. If SPX makes a new 6-month high there is also a short opportunity as people pile in way late thinking they have missed out and then you get a pull back from the high with a short that had very little risk.

I am not able to see some kind of sequence model with the markets though that you get up/down/down/up/up and that means there is a better chance of something happening in the next bar and that applies to all instruments no matter what instrument or what is going on in the world.

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.

 

[qlai]

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.

If I had a dollar for every time someone posts profitable trades on the left side of the chart….

 

[Scataphagos]

If I had a dollar for every time someone posts profitable trades on the left side of the chart….

I get that you don't know who I am... maybe just some Bozo. But I used to professionally manage OPM, and won 3 divisions of the US Investing Championships year backs... results posted in Barrons and IBD. And you wanna tell me that I don't know "shit from shinola"?

I "threw everybody a bone" in my "Christmas in March" thread. I didn't need to do that.

 

[qlai]

And you wanna tell me that I don't know "shit from shinola"?

Absolutely NOT what I am saying. What I am saying is that saying “KISS” does not explain what edge you have developed over the years. It’s very frustrating to struggling traders to hear “it’s simple - it’s all in the chart” and then not to provide any specifics.
There is a thread by @volpri where he explains in detail his process to give you an example. I don’t know if it works, but I know what it is.

 

[Scataphagos]

Absolutely NOT what I am saying. What I am saying is that saying “KISS” does not explain what edge you have developed over the years. It’s very frustrating to struggling traders to hear “it’s simple - it’s all in the chart” and then not to provide any specifics.
There is a thread by @volpri where he explains in detail his process to give you an example. I don’t know if it works, but I know what it is.

"KISS" mean's "keep it simple, don't overcomplicate". It IS "all in the charts". Most traders "can't see the forest for the trees".

What could be more simple than "buy support" and "sell resistance"? If you don't know what that is, perhaps you should look into it. (There are books on this, you know.)

 

[newwurldmn]

Please take my quiz. I'm looking to collect data on what the average hit rate looks like for PA and technical traders:

https://forms.gle/AbLEkA56HJVxN4598

It's a basic quiz with charts... T stands for trading day. It's not super robust and is only 15 questions, but it's the start of a larger analysis I'm conducting.

Not sharing data with anyone, nor will I be spamming you. Email is to limit quiz to 1 participant. I'll publish the findings on this thread. Thank you!

how did i do?

 

[qlai]

What could be more simple than "buy support" and "sell resistance"?

How much to buy? How much to risk? What timeframe? There are hundreds of nuances. You are insulting your own accomplishments by saying it’s as simple as that.

 

[Monobrowtrading]

Please take my quiz. I'm looking to collect data on what the average hit rate looks like for PA and technical traders:

https://forms.gle/AbLEkA56HJVxN4598

It's a basic quiz with charts... T stands for trading day. It's not super robust and is only 15 questions, but it's the start of a larger analysis I'm conducting.

Not sharing data with anyone, nor will I be spamming you. Email is to limit quiz to 1 participant. I'll publish the findings on this thread. Thank you!

Who invited Surf back?

 

[Scataphagos]

How much to buy? How much to risk? What timeframe? There are hundreds of nuances. You are insulting your own accomplishments by saying it’s as simple as that.

I suggested you look into Price TA... because it works, is easy to understand, has high r/r. KISS suggests "(You) KEEP IT SIMPLE... don't complicate."

It really IS simple if you "buy support" and "sell resistance". If you don't know what that means, look it up. There are books on it.

(Sound like you think "everything is hooey" unless somebody spoon-feeds it to you.)

 

[Scataphagos]

I wish I never came in contact with the words Price Action Trading in my trading journey. I seriously wish I was never ever introduced to it or time bars or anyone who teaches Price Action Trading.

The rewards of price action trading is not even worth a penny with a hole in it. It is a big scam to take retail trader energy away from making them a better and profitable trader.

Was this sarcasm?