can price action predict market moves

[DiceAreCast]

You have still shown nothing. Keep talking. You only expose more of your lack of any edge nor professional market skills.

But hey let me throw you a bone: this is what people use charts for. I got displays near my shitter, in the kitchen, in the living room, when I am away from my desk and in case markets unexpectedly move. That's what charts are good for.

ive met plenty of people who claimed to do something and then when pressed you see why they arent still in the game doing what they are supposedly good at

You are just another type of those people - if it is even true to begin with.

This thread can carry on with its braindead discussion.

 

[DiceAreCast]

Ha, of course that is PRECISELY what it means. Why would an intelligent being NOT use all the tools at his disposal if it provided an edge?

Didn't say that. It sounds like you are saying that because pros don't use charts for their trading decisions, this somehow makes them worthless. If you understand how to interpret price action and have a clearly defined risk management strategy, you can extract value from charts.

 

[Master Pu]

well, long term players with size will distribute their orders. they will never ever throw in large orders at once if they are not forced to do so.
they will try to not leave footprints behind. you do not have risk limits that guys have.
if they buy 1000 lots, they do not put their stops 2 ticks behind the recent swing high/low.

I think we are discussing apples and oranges, pros have their ways and retail have their own, levels work, not all of the time, nothing does, but they offer enough information, if they didn't, then looking at a chart you would never be able to see any sense. There are two main camps, bulls and bears, each side has a financial interest, these interests are 'defended' and these actions can be seen in a chart, if you can't see it it's OK. It's not magic, it doesn't work all of the time, yet it works enough times to offer value.

 

[Master Pu]

Ha, of course that is PRECISELY what it means. Why would an intelligent being NOT use all the tools at his disposal if it provided an edge?

Cor, have a coffee dude and chill.

 

[DiceAreCast]

Again, another divergence. So again, why would pros not peruse charts if they provided any edge or advantage. The only reason I see for charts is pure convenience to glance over last night's price moves before reading up on stuff that actually does matter. And of course so I can go and take a shit during those days when I would otherwise not leave the desk.

Cor, have a coffee dude and chill.

 

[geth03]

You have still shown nothing. Keep talking. You only expose more of your lack of any edge nor professional market skills.

But hey let me throw you a bone: this is what people use charts for. I got displays near my shitter, in the kitchen, in the living room, when I am away from my desk and in case markets unexpectedly move. That's what charts are good for.


View attachment 255879

i hope you didn't miss the head and shoulder pattern in EURJPY

 

[DiceAreCast]

Na, I took full advantage of that and the doji that presented itself when I turned my display upside down by accident. I made an absolute killing but I won't show you because you are not a believer.

i hope you didn't miss the head and shoulder pattern in EURJPY

 

[Laissez Faire]

But hey let me throw you a bone: this is what people use charts for. I got displays near my shitter, in the kitchen, in the living room, when I am away from my desk and in case markets unexpectedly move. That's what charts are good for.

Nice tablet.

It’s a bit odd that you now need charts when away from the computer, though. What happened with your IB charts? And what’s up with the MA on your charts? Is it supposed to tell you ‘something’?

When I’m away from my computer and not trading I only need and want to watch a price quote (the actual market price) for my given market. No charts needed and easily available on my cell phone.

 

[DiceAreCast]

If you used IB tws you would know that you can't be logged in simultaneously at different machines. With TV I can, I pay for the premium version, that ironically makes me probably pay more for chart porn per year than you, lol.

What you see are custom fx baskets, they can't be neatly shown on quote screens in TV. Happy?

Nice tablet.

It’s a bit odd that you now need charts when away from the computer, though. What happened with your IB charts? And what’s up with the MA on your charts? Is it supposed to tell you ‘something’?

When I’m away from my computer and not trading I only need and want to watch a price quote (the actual market price) for my given market. No charts needed and easily available on my cell phone.

 

[Master Pu]

Again, another divergence. So again, why would pros not peruse charts if they provided any edge or advantage. The only reason I see for charts is pure convenience to glance over last night's price moves before reading up on stuff that actually does matter. And of course so I can go and take a shit during those days when I would otherwise not leave the desk.

You are barking up the wrong tree pal, pros have their ways and retail have theirs. Sounds like you never have losing days in this fabulous world of yours, a world without charts. Why not talk about something more exciting like risk management, talking shit about charts is fun, but is totally unrewarding.