Denise Shull Says Tape Reading Art is Real and Alive

Very glad that software relieves me of doing PRV in my head. Not only that, I run it on several bar durations and across 3 instruments.

I don't know Big Blue but I'll remember your denominator advice.
 
Quote from icarus618:

Very glad that software relieves me of doing PRV in my head. Not only that, I run it on several bar durations and across 3 instruments.

I don't know Big Blue but I'll remember your denominator advice.
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that is so cool.

World HQTRS called Poughkeepie to talk with "Jackson". lol..

He was found and asked: what color are the covers on those TM's?

Jackson said:... you don;t want to know. The color is used to sell feminine hygene products without a product or corporate label

the reply was that T J wasn't going to like the news. BUT marketing prevailed and IBM painted its first blue computer in Italy.

The ink for IBM's TM's was called "Kotex Blue".

Nowadays IBM has a nickname..... guess what it is?

I guess you know who jackson is. LOL It was a very well liked color.

..... and now you know the rest of the story....... lol....
 
Quote from marketsurfer:

Yes, clearly it is random since we know the source of the outcome as randomly generated.

You are unaware of the source of the outcome in financial instrument prices, therefore, price MUST be random to you regardless of past patterns that sometimes repeat.

While there may be metaphysical order within the chaos, not knowing the full source of price movement means it is random to you by default. It certainly isn't discernable by watching past prices-- if it was, the market would have self destructed a long time ago.

Embrace the unknown, brother.

surf
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Outcome of single trades is largely random indeed. But outcome of long series of trades, based on past price/volume patterns is very unlikely random, because result is heavily skewed to one side (profit :p ) while the sample size is large enough to consider it valid experiment and not just lucky streak.

I may not know why exactly buying/selling occurs, but I know that when X occurs it results in Y with probability Z.

Simple matter of practical observations, Surf. :)
 
Quote from cornixforex:

...Outcome of single trades is largely random indeed. But outcome of long series of trades...Blah Blah Blah...simple matter of practical observations...blah blah blah....
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You can lead a horse to water but can't force it to drink.... attempting to convince Surf is futile, waste of time. Head firmly buried in the sand like an Ostrich.
I was going to suggest another trading angle for Surf to contemplate but it is obvious to me logic is not accepted so there's no point.
Even a succesful TA trader is not going to convince him, which leads me to believe this is a reflection on his failure to be able to trade profitably, therefore denial, contempt and rebuttal is his way of dealing with his demons.
Were I to demonstrate a new way for him to think, noobs would pick up on it smartly and run with it (thereby producing for me more competition) but obviously this old dog (surf) has become caloused and unteachable which is a matter of choice - his choice.
 
Quote from themickey:

You can lead a horse to water but can't force it to drink.... attempting to convince Surf is futile, waste of time. Head firmly buried in the sand like an Ostrich.
I was going to suggest another trading angle for Surf to contemplate but it is obvious to me logic is not accepted so there's no point.
Even a succesful TA trader is not going to convince him, which leads me to believe this is a reflection on his failure to be able to trade profitably, therefore denial, contempt and rebuttal is his way of dealing with his demons.
Were I to demonstrate a new way for him to think, noobs would pick up on it smartly and run with it (thereby producing for me more competition) but obviously this old dog (surf) has become caloused and unteachable which is a matter of choice - his choice.
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I agree that Surf likely never bothers to even think about what is told on the matter (and not just told, last Autumn upon his request I demonstrated 50+ live trades in a row with profit factor of ~2.0 as a result).

But my reasoning for online presence here is: people used to help me when I was just a struggling newbie back in 2005-2007. Even Jack Hershey spent about a month chatting with me every day on Yahoo Messenger, though I must admit that others' efforts to help me turned out to be much more productive. :)

So even if Surf doesn't see "it", someone else hopefully does... ET used to be the place without as much negativity and depression bias as it is now...
 
I've been trading and on trading forums for 20+ years and Surf is no noob to this game, but his inability to get it never fails to frustrate me.
I have to get over it.
Anyways, I was driving on the road about 12 hours ago and thought of a great idea to mention to Surf (there ya go, I was thinking of him) but when I logged on just before, and spotted another post to surf it dawned on me the guy DOESN'T WANT TO SEE.
 
Quote from themickey:

I've been trading and on trading forums for 20+ years and Surf is no noob to this game, but his inability to get it never fails to frustrate me.
I have to get over it.
Anyways, I was driving on the road about 12 hours ago and thought of a great idea to mention to Surf (there ya go, I was thinking of him) but when I logged on just before, and spotted another post to surf it dawned on me the guy DOESN'T WANT TO SEE.
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Yea, honestly it's pretty amazing to me as well how obvious may not be obvious at all for some people. :)
 
Quote from jack hershey:

Of all my inventions, I like watching the PRV best.
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Me too! :D Help to stay cool while time is ticking. Prep for the events of price spike and bouncing (and IBGS) while a bar is forming. Can't find a better way to SEE the price and volume relationship. Is it tape reading?
 
Quote from themickey:

I've been trading and on trading forums for 20+ years and Surf is no noob to this game, but his inability to get it never fails to frustrate me.
I have to get over it.
Anyways, I was driving on the road about 12 hours ago and thought of a great idea to mention to Surf (there ya go, I was thinking of him) but when I logged on just before, and spotted another post to surf it dawned on me the guy DOESN'T WANT TO SEE.
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Come on, man, tell me---

2lcmomo.jpg
 
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