Here's an excellent example of "Price TA".. support/resistance
- Thread starter Scataphagos
- Start date
But they make for great color commentary.Hindsight traders doesn't make money
Great Posts, great Lessons as usual @Scataphagos
Chaper 1 in Price TA.. .not everybody gets is somehow.
It’s tough to get a solid bias and get a feel for what is high and low when the market (volatility and bias) seems to be constantly changing.
Especially on a small scale.
1 unit change is 10pts for me on the ES. It would be 50pts on the NQ. Anything below this unit is noise to me.
But again, the behavior of one market change over time.
We never step twice in the same river.
ps: Livermore, king of TA, was looking for a ~10% retracement before to take notice.
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How many of these same ol' threads do you need to make in order for us not to miss the point? Surely you must have something more insightful than to post the same thing over and over.
Also you could have been more proactive and made this post at the time of third arrow. And yet you dragged your feet and waited another 15 minutes (yes, I actually counted those 10-second bars!!!) until you were absolutely certain the damn price dropped to MAKE YOUR POINT.
WTF???
