ES Journal - 2012
- Thread starter Buy1Sell2
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Quote from Laissez Faire:
The problem with trend lines is that they lack precision, are subjective and work as often as they don`t.
But yes, they are definitely important to look at and the important thing is what a rising trend line is telling you: buy the f**cking dip you fool.
With a falling trend line it is telling you: sell the f**cking rally, stupid.
granted trader experience and money management are at play. When they form, I get good results. Probably couldn't say that 10 years ago, but nonetheless.
3rd ping broke through and now resuming. just throwing some things out there.
Yes, and in case there was any confusion, I think they are beneficial.
But alone, I think they are generally futile for any precise projections or predictions, because they are frequently overshot or undershot, but they definitely tell something about the sentiment in the market.
should add while I wait....any pattern or tl or s/r or MP or elliot etc will work for the trader as long as they know where the edge is.
I could trade market profile next to market profile trader and get my ass handed to me because I don't have a definable edge in that arena. Probably the reverse for setups that I use. I do howevere pay attention to it.
One thing I know is that without an edge, no indicator, pattern, tl, wave count etc. is gonna benefit a trader over time. Especially those looking for and jumping on what they feel is the "better" system.
My .02. Make that .04.... today.
I could trade market profile next to market profile trader and get my ass handed to me because I don't have a definable edge in that arena. Probably the reverse for setups that I use. I do howevere pay attention to it.
One thing I know is that without an edge, no indicator, pattern, tl, wave count etc. is gonna benefit a trader over time. Especially those looking for and jumping on what they feel is the "better" system.
My .02. Make that .04.... today.
trans showing hand?
Not sure which one is the sucker at the table.....
So I'm a little nervous, LOL.
Looks like it wants to breakdown though! Feels like a setup.
NEWSFLASH: Breakdowns are not allowed in this market.
financials joining trans in showing hand?
we really have nothing to look at ,they are the only photos,so we are all seeing the same thing and they do hold,the younger they are ,the more likely,just not on momentum days where there is big news ,or in the last 4 years when the ppt has an agenda...you reall y need to have a big picture down to the smallest,same as you do everything else, the market shouldn't be a mystery if its where you make your livingQuote from Laissez Faire:
Yes, and in case there was any confusion, I think they are beneficial.
But alone, I think they are generally futile for any precise projections or predictions, because they are frequently overshot or undershot, but they definitely tell something about the sentiment in the market.
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