How many of you (small timeframe) traders take PA into account?

[Scataphagos]

As a trader, your objective is to have your position/risk tolerance "in tune with price"... whatever that takes and on whatever time front you trade.

 

[lawrence-lugar]

Some of these forum topics stretch really long ...
Jesus, it's like beating a dead horse...

 

[qxr1011]

Trading small time frames (personally I trade 250tick/550tick NQ) charts Would you say this is crucial to becoming a successful trader? Where did you learn about it?

===do you pay much attention to candlesticks/price action and how they behave around certain areas that you deem important? ===

yes

===Would you say this is crucial to becoming a successful trader?===

there r a lot of stuff that u can call crucial, this imho is one one them..but if somebody will tell me that he based his method on astrology and it works for him - fine with me

===Where did you learn about it?==

u never learn the method; u create it, based on your experience and knowledge (some of which can be learned from books or forums, some of which u obtain yourself)

 

[qxr1011]

Never. Price is the result not the cause. Study the cause.

Price can be the cause also.

But i agree that mostly it is a result of many different causes, which is not necessarily makes it less useful.

I view price as a resulting-vector or many different cause-vectors. Who needs the cause if we know the result. Cause is necessary if u need to predict the future price. But we r not trying to do that

 

[qxr1011]

challenge ALL of you PA success claimants to provide ANY set of rules that can be tested on real market data that will beat the markets over a year or greater timeframes.

that would be very stupid of us

because the set of rules is the essence of the trading method

personally i do not understand all the aggravation: who cares who trades what and how

it is like with sex - personal matter ,

so if somebody says that he has 20 inch dick, fine with me -it does not affects me at all: my dick will not get longer or shorter

 

[qxr1011]

My final post on the thread as obviously I have offended many and most still don't get what That's ok-- since most feed the few in this game.

If scribbles straight lines and thinking about the market like its eBay works for you, by all means don't listen to me and go for it.

But, I know for certain, that it doesn't work for you despite how good it makes you feel to think u have a working profitable system that works in all market conditions--- it's not you and no amount of psychology will turn a subpar system consistently profitable.

Work on your system not ridiculous psychology on a non-sensical system that u have been convinced makes sense by winning a little or staring at charts created delusion hindsight bias. Use computers for what they were meant to do, not draw charts like its 1945.

Peace out--surf

===I am trying to get across. ===

i think most have understood what u were trying to say, they just disagree with u a little bit , me too


====since most feed the few in this game. ===

and those few - 99% brokers and maybe 1% traders

===I know for certain, that it doesn't work for you despite how good it makes you feel to think u have a working profitable system that works in all market conditions--===

nothing is for certain except death and taxes


===no amount of psychology will turn a subpar system consistently profitable.===

agree

but psychology never claimed to do that, it just helps to maintain sanity

 

[Vindago]

Why deal with fear? Thats so 1970's. Computers dont have emotions -- why screw things up by inserting the human filter on top of the chart filter, on top of the weak data sources?

surf

Ps. If you and others who claim to be objective would just admit your trading is subjective and intuitive, i would have no argument. Its not your method since anything and everything works sometimes . Its your false presentation of it. surf

Fear? how could fear be an issue if you have absolute control on your losing trades?

...once you get there (letting go and accept the losing side of trading as just cost of business), and I know it can be hard, fear will not be an issue, you just place your bet at a low risk area with small enough stop and then you just let it play out.

Fear is an issue if you have Hope (that a losing trade will turn into a winning trade, it may happen but it is not worth the risk), remove Hope and will have removed Fear...

 

[Vindago]

P.S. to trad consistently with profit there is no substitute for many, many, many hours in front of the screen, once you start breating PA you will see what is happening here an now and start making good money.

any attempt to short cut this will fail inevitably.

 

[marketsurfer]

Fear? how could fear be an issue if you have absolute control on your losing trades?

...once you get there (letting go and accept the losing side of trading as just cost of business), and I know it can be hard, fear will not be an issue, you just place your bet at a low risk area with small enough stop and then you just let it play out.

Fear is an issue if you have Hope (that a losing trade will turn into a winning trade, it may happen but it is not worth the risk), remove Hope and will have removed Fear...

Yes, this sounds correct. surf

 

[marketsurfer]

P.S. to trad consistently with profit there is no substitute for many, many, many hours in front of the screen, once you start breating PA you will see what is happening here an now and start making good money.

any attempt to short cut this will fail inevitably.

Time has nothing to do with it. You need an edge, and its not wasting time in front of a screen staring at charts. Sure it may work, but it fails for 9 out of 10. Not good odds and s waste of time. Yes, study is critical but study the cause of price movement not the result (price). Its logically flawed to believe that by looking at the result of certain actions -- you can increase the odds of being correct in guessing the next action.

surf