College trys again

[ammo]

Quote from college ruled:

ammo i can't read your chart. what does this tell you?

market has a memory,it moves to most heavily trades spots,up or down searching for sellers or buyers, it traded down to 1, broke it hit 2, found buyers hit 4 then back to 3 and now stuck at 3, indecision, if we fall we head for the average of the 2 circles on the left ,which is the circle on the right, if we hold here at 2965 we could go up and try the 2 spots on the previous chart ...from a daytraders point of view the either way indecision is a sit on your hands spot,you wait for it to give you a direction and follow it

 

[Lucrum]

Quote from college ruled:

Just a bit slow posting this entry aren't you?

It's time stamped.

 

[college ruled]

Quote from ammo:

market has a memory,it moves to most heavily trades spots,up or down searching for sellers or buyers, it traded down to 1, broke it hit 2, found buyers hit 4 then back to 3 and now stuck at 3, indecision, if we fall we head for the average of the 2 circles on the left ,which is the circle on the right, if we hold here at 2965 we could go up and try the 2 spots on the previous chart ...from a daytraders point of view the either way indecision is a sit on your hands spot,you wait for it to give you a direction and follow it

Ok. Thanks for the help. Trying to understand you..does this chart suggest buy or sell here @12967 (just for an example)? given the odds suggested by your chart?

 

[ammo]

Quote from college ruled:

From a perpetual bear that doubles and triples down as a rule...

where are you coming from?

from your example, my problem is not a bad trade as much a lack of capital :eek:

no, i am playing reversion to the mean, you are playing scalp,two different professions,like plumbing and carpentry,same biz,but different tradesman,and i stay within my size parameters and take a loss when i hit a risk parameter, ergo, stay in biz,the take a loss when hit parameter is a good thing, it allows me to stay in the game to get it back, without i would go broke multiple times..most of us did before we learned that mr market is always right, we only get to be right part of the time

 

[ammo]

Quote from college ruled:

Ok. Thanks for the help. Trying to understand you..does this chart suggest buy or sell here @12967 (just for an example)? given the odds suggested by your chart?

that chart is to small to predict, it says sit on your hands and wait for a setup

 

[ammo]

here's a 1 day, you should do yourself a favor,get the graph paper notebook and start handcharting this,the mean is the 2965 area,you fade the extremes back to the mean , that 2937 low (2)was on the earlier chart

 

[ammo]

todays low

 

[college ruled]

Quote from ammo:

todays low

I know what today's low is it's a single line drawn off a single price. Everyone knows it. But what else does this chart predict to you?

Which way is this going, does it tell you this?

 

[Lucrum]

Quote from college ruled:

I know what today's low is...But what else does this chart predict to you?

Which way is this going, does it tell you this?

 

[ammo]

Quote from ammo:

here at 2965 .u wait for it to give you a direction and follow it