If you want to fail as a trader, study TA

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Quote from The Expert:

r2, whilst you may well be CORRECT, the debate must be debatable, else it will not be a debate:confused:

How many know what Outlining means?

Not being smart, just asking in case some are not aware, and, it is helpful to be aware of what is being spoken about, for, too many go thru life without opening their mouths, and, then wonder why they get nowhere in life?

TE
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Fluff it is then:D
 
I'll take a stab at an outline or atleast starting one.

TOPIC - PRICE
- (Uknown where it goes)

I. Trend
A. Price will continue to move down more than up in a downtrend and the reverse is true.
B. Support will continue to be broken more and Resistance broken less in a downtrend. The reverse is true
C. The speed at which price moves across support shows conviction (incorporating velocity)

II. Time
A. The more time price spends at S or R, the higher the chance that it will be broken. (In theory)
B. Momentum tends to show the Generals
C. The faster the price moves to or away from target the more clear the decision to get into the trade is right or wrong

Some of this stuff seems very novice but it took me a while to have a light go off as to what it really means
 
Quote from xburbx:

I'll take a stab at an outline or atleast starting one.

TOPIC - PRICE
- (Uknown where it goes)

I. Trend
A. Price will continue to move down more than up in a downtrend and the reverse is true.
B. Support will continue to be broken more and Resistance broken less in a downtrend. The reverse is true
C. The speed at which price moves across support shows conviction (incorporating velocity)

II. Time
A. The more time price spends at S or R, the higher the chance that it will be broken. (In theory)
B. Momentum tends to show the Generals
C. The faster the price moves to or away from target the more clear the decision to get into the trade is right or wrong

Some of this stuff seems very novice but it took me a while to have a light go off as to what it really means
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Nice start XX, but as with all things in life, the basics must first be covered before advancing.

You recently said, "they are not S&R numbers I got?"

Did you ask yourself WHY?

How did TE get different numbers to YOU?

Surely if TE was looking at what YOU were looking at, would both not SEE the same things?

TE
 
Quote from The Expert:

XX, as you know, there are many ways to look at a chart and see potential low risk trade opps.

I had a look at CEPH and this is what I saw.

55.00<56.20<56.60<57.30<57.40<57.80<58.39>58.60>59.10>59.50>59.70>60.20>60.70

What are our triggers for Long and Short, and what are our targets for covering?

Is the R:R sufficient to spend our time trading this stock?

Are we going to get at least 50 cent profit on the trade?

If we lose, how much will it cost us to find out we have just added one more loser to our list?

If we win, how much should we be looking to make so that the losers on our list are of no real worry to us?

Are we looking at the same thing that everyone else is looking at?

Do we really want to look at what everyone else sees?

How do we look and come up with different numbers to most?

Who else is looking at the numbers we are looking at?

How do we confirm that they are looking at those numbers?

There is a lot MORE to S&R lines than meets the eye:D

TE
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Open: 58.15
High: 58.66:D
Low: 57.78:D

TA is brilliant :D

TE
 
Yes. We are looking for different trees in the forrest as they say. The levels I look at are the clear peaking areas that price has not "painted" over. The ones YOU are looking at, I am not quite sure. I'm not saying either is right or wrong.

Quote from The Expert:

Nice start XX, but as with all things in life, the basics must first be covered before advancing.

You recently said, "they are not S&R numbers I got?"

Did you ask yourself WHY?

How did TE get different numbers to YOU?

Surely if TE was looking at what YOU were looking at, would both not SEE the same things?

TE
More...
 
Gold Futures Key Target Levels
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You're right TE. One should be able to figure out how to gamble best without asking anyone else, even The Experts. And the reason for that is simple - there are NO EXPERTS in gambling.
There are people who can do it ( a few ) and for most of the crew let’s just say they waste it....

amp.

Quote from The Expert:

Thank You AA, for I needed that lift:D

I am considering taking on the TA KNOW ALLS, to see what they really know, but as I am very busy, it may drag out a bit:D

With that, the floor is open to anyone who is An Expert at TA, to put forward a brief overview of TA and how it is best presented to an ordinary person starting out trading.

Notice TE has mentioned trading, not INVESTING :D

Not a very hard task, I would say:D

TE
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TheMan is just bewildered that this thread is at 220 pages, considering it contains no info at all.

TheMan is now waiting for TheExperts thoughts on this.




:cool:
 
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