If you're referring to a trade that you plan to take, this is what "in advance" and "ahead of time" are all about, even though you're trying to catch a falling knife.
That is correct, it also has a stop, entry and target(s) as the OP demands.
If you're referring to a trade that you plan to take, this is what "in advance" and "ahead of time" are all about, even though you're trying to catch a falling knife.
Yeah man, long gone are the days of old, with ammo and volente and whatnot. Just endless run on babbling and vague charts now...
That is correct, it also has a stop, entry and target(s) as the OP demands.
"It" does not do anything; traders do. The price action tells you whether traders are undecided. Which is the point of having rules. If one understands what he's looking at and has a trading plan, those rules will keep him out of unproductive trades -- fake signals -- and put him in and keep him in productive ones.
Interestingly, if the OP and his minions were to leave "the SLA guys" alone and stop making demands upon them, then the SLA guys would no doubt leave this thread alone.
But that has nothing to do with this journal, and while you are welcome to post your actual trades.
Thanks Magna! As you know all are welcome here as you have pointed out.I appreciate your honesty as to why you are here but it's not going to work that way. And I'm sorry the "SLA guys" are upset because someone started a thread in the Technical Analysis forum. But that has nothing to do with this journal, and while you are welcome to post your actual trades here you are not welcome to continue endless lecturing and pontificating. There is plenty of room for that in all the SLA threads. This is a journal for actual trades so please abide by that or you will be blocked from posting here. Thanks.
Correct, posting that chart by itself is just more orating to hear yourself speak... and by itself is out of place in this journal. Now if you posted that chart and simultaneously said "if price breaks to the upside (downside) of my top (bottom) trendline I will be long (short) at price ABC with a target of DEF and a stop of GHI", that would be a declaration of intent to put on a trade. Then when price broke to the upside (downside) you would come back and post your actual trade ie, "I am now long (short) at price etc. etc."So what you're saying is, you didn't like my chart either.
Correct, posting that chart by itself is just more orating to hear yourself speak...