If you want to fail as a trader, study TA

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Quote from F112358:

We should be looking at what The Expert says and does, because he is an expert.
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But he hasn't said or done anything yet.

He is one of the elite few that know how to read the market:eek:

I'd like some specifics.
Define failure and success
Differentiate GOOD money as compared to BAD money.
His definition of TA
An example of TA not working.

Or maybe it's if you "STUDY" TA instead of using it that you will fail.
We need a lot more information to see if the Expert is for real.

Not that it matters. It's the trader not the indicators that produce the edge.
 
Quote from The Expert:


To make GOOD money trading, what do YOU think we should be looking for, and why?
TE
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Well from what you have said so far... look for low risk entries. Watch a high time frame as that is where the big players are and watch for key support zones and wait for the setup.

What method do you use to determine direction on the higher time frames?

Help someone with an open mind but low intelligence :)
 
Quote from The Expert:
1. I am The Expert, not Guru---
2. The Expert does not reply to rude posters
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or...

The General

I knew I danced to this tune before. Still playing the same song General?
 
the "Expert" has said absolutely nothing that has any meaning. So far, the expert is 0 for 17.

Now it it that time again in the 6-8 week ET cycle where another unknown guru wannabe comes in to seek glory and publish trite baubles that dazzle the unlearned. And trading 101 book readers will fawn over this OP, and beg for another useless trinket. So everyone who is:

- a papertrader
- newbie
- desparate enough to cling onto the words of someone you never met and takes on a user of "The expert" and was banned from another trading forum:

please so indicate and identify yourselves by asking lots of hopeless questions in the rest of this forum
 
Mods please send this thread to the clown forum.

In the meantime I suggest the ES Journal thread for those who may be seeking some insight on some trading ideas.
 
Hey TE,

Thanks for starting this thread. I don't know why people don't just shut up and try to learn something, or just quit wasting time typing in a thread if they don't like what's in it.

As far as they Key things:

I'd like to be able to tell when the big guys are buying vs the little guys. I've recently added TICK & Time & Sales to my screen, but I really don't know what I'm looking for.

You mentioned to pay attn to the Futures vs Cash. Futures lead the cash, so make sure they confirm the action you're taking, and watch for divergences.

As we speak the TICK finally broke out of a range to the upside. I guess that's good, but like I said I don't have a clue yet. It could mean the market is getting stronger, or it could mean to fade the extreme. Not a clue !!! :)
 
Quote from TraderZones:

the "Expert" has said absolutely nothing that has any meaning. So far, the expert is 0 for 17.

Now it it that time again in the 6-8 week ET cycle where another unknown guru wannabe comes in to seek glory and publish trite baubles that dazzle the unlearned. And trading 101 book readers will fawn over this OP, and beg for another useless trinket. So everyone who is:

- a papertrader
- newbie
- desparate enough to cling onto the words of someone you never met and takes on a user of "The expert" and was banned from another trading forum:

please so indicate and identify yourselves by asking lots of hopeless questions in the rest of this forum
More...

funny how all the rude obnoxious little trolls scury out in unison to post their hateful responses.
 
Quote from Fibbin-Archie:

funny how all the rude obnoxious little trolls scury out in unison to post their hateful responses.
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Actually it's funny how most of The Expert's supporters have all registered in the past couple of months.

Anyway, his post regarding "Generals" gives it away that this is in fact the same guy who started a similar thread several months back. I suggest you read through that nonsense and realize that you'll learn nothing here.
 
I saw the title of the thread and a strange sense of Deja vu came over me!

Hi TE,
it was tss42 who let me know you came here, so I thought I'd better become a member.

Its interesting the way this thread is going, similar to the one on t2w. People's views seem to polarize into two two camps, there are the inflexible closed minded ones who attack, filling the thread with nonsense, occasionally with abuse too, and there are others who have a flexible mind willing to consider that, just perhaps, their own view is not perfect or possibly is even incorrect and wouldn't it be a good idea to consider alternative views.

The ability to think rather than expecting to be spoon fed is an absolute must for anyone to be able to get value from this thread.

My own interpretation of the thread title is this.

If a trader studies TA and uses it then they are consigning themselves to stay within the niche of the retail trader, at best making a few $ from dumber retail traders, but often loosing $ to smarter traders. If making a few $ as a supplement to a main source of income is OK then some would say thats a success. If however the aim is to make a living from trading then the trader needs to think differently and become seperate fom the herd and follow the money by learning how to read the charts.

R
 
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