Did DB and the Price Action Scribblers Throw in the Towel?

[marketsurfer]

For the sake of definition, a trader who used volume analysis would not be a "pure" price action trader. Not that definitions or styles matter, because in the end all that matters is whether or not you're achieving your trading goals.

I agree that if it works for you, go for it! BUt eventually, all traders who stick with it rise out of the TA ghettos.

surf

 

[Money Trust]

This has actually been a pretty easy trading environment, especially in the /ES. Price have respected the level of support almost perfectly, so much so to where buying near those levels were really low risk.

 

[marketsurfer]

This has actually been a pretty easy trading environment, especially in the /ES. Price have respected the level of support almost perfectly, so much so to where buying near those levels were really low risk.

Yes, but you only know that after the fact. You can make bets based on it but it doesn't increase your odds of success. TA is descriptive, not predictive. surf

 

[i960]

Do you think there's a correlation between a trader's Performance IQ (PIQ) and his/her ability to recognize chart patterns?

I don't think it's this complicated. Markets are basically support and resistance over and over again - and even that is an indirect, almost derivative, effect. In addition to that there's also the aspect of how or when the majority will end up screwed by another larger player(s) one way or another.

Identify the missing symbol in the sequence.

D.

Assuming this puzzle sequences from left to right, top to bottom, it's based on a 90 degree rotation followed by another 90 degree rotation of the opposing side rotated in the 2nd step. CW vs CCW doesn't matter as it's 90 degrees.

 

[londonkid]

In contrast, chart readers only see the past then try to extrapolate into the future what way to bet. There's no edge doing that in and of itself.

You are very wrong. A chart can tell you where larger traders are likely positioned this information is very valuable. Once you have a grasp on their MO you can gain an edge that would amaze you. Note that just because a larger trader might not use a chart to trade this does not mean their footprints will not be left on a chart.

 

[londonkid]

Im ranked in the top 10% of ALL published stock pickers over a multi year period. Dats da fact, brother.

post links and dont bother if it's the hillbillys demo baller championship of 1986.

 

[Visaria]

Im ranked in the top 10% of ALL published stock pickers over a multi year period. Dats da fact, brother.

Well done, mon! Where is da link, pls?

 

[barcadia]

A chart can tell you where larger traders are likely positioned

On what timeframe charts?

 

[i960]

On what timeframe charts?

Try setting your charts to "other."

 

[londonkid]

On what timeframe charts?

Monthly, Weekly, Daily and to a some extent H4/H1