If you want to fail as a trader, study TA

[Fibbin-Archie]

TA is very visually orientated and the pertinent information on your chart should be immediately obvious to you at first glance, this comes with practice.

Someone earlier made a comment about moving through phases of competence.

Subconsciously incompetent

Consciously incompetent

Consciously competent

Subconsciously competent

Multicoloured indicators that change colour based on a higher or lower close than the preceding bar is a good way of making pertinent info stand out.

 

[wrbtrader]

Quote from Airwaves:

So we choose stocks with a big daily range.
how do we know whether to go long or short?
If not TA, then we are looking at the fundamentals of stocks?
How do you daytrade using fundamentals?

In most cases, when someone say they don't use TA or TA doesn't work they are talking about technical indicators (e.g. rsi, cci, stoc et cetera).

You'll understand this if you see them posting charts or discussing charts without any technical indicators.

However, I've met traders that don't use charts (TA) nor fundamentals. They are using price quote screens (bid/ask/sales) info only for day trading, swing trading or position trading. These folks do not consider such as TA.

Mark

 

[tss42]

About the colouring scheme:

I see:

1. You use dark background, probably pleasing to the eye (I use a dull greyish tone).

2. The slower the line, the more neutral the line colour.

3. You have up-down colouring on the fastest line but not the rest.

4. The boxes represent some kind of levels and they have a relation with the lines. For example, the pink box touches one of the lows of the pink lines, and similarly for the others.

5. Finally, the green-blue line is always above the other two, so it's most probably something to do with the highs of price bars.

 

[The Expert]

Quote from Airwaves:

So we choose stocks with a big daily range.
how do we know whether to go long or short?
If not TA, then we are looking at the fundamentals of stocks?
How do you daytrade using fundamentals?

Hi AS,

There are a few basic things that we have covered at a site before I was banned , but we will now list them quickly, as I must go and relive my bowls

1. NARROW range bars are ALWAYS followed by WIDER range bars

2. WIDE range bars and ALWAYS followed by NARROWER range bars

3. When CASH & FUTURES Diverge, at CERTAIN LEVELS, and MK, you have missed this, as have the rest:eek: , something is not right

4. You MUST be AWARE of upcoming NEWS events like earnings, etc

5. You enter when the risk of losing is the smallest, or, when something is not right

6. You exit when your target has been reached, or, something is not right


Childs Play, really

TE

 

[Airwaves]

Quote from wrbtrader:

In most cases, when someone say they don't use TA or TA doesn't work they are talking about technical indicators (e.g. rsi, cci, stoc et cetera).

You'll understand this if you see them posting charts or discussing charts without any technical indicators.

However, I've met traders that don't use charts (TA) nor fundamentals. They are using price quote screens (bid/ask/sales) info only for day trading, swing trading or position trading. These folks do not consider such as TA.

Mark

I see.
Well, I dont really use indicators, just a plain chart, although I call that TA.
Some people just call it 'price action' although say that PA is a prt of TA?>

I think everyones got different definitions which makes it all very complicated, lol

 

[Fibbin-Archie]

Quote from The Expert:



1. NARROW range bars are ALWAYS followed by WIDER range bars

2. WIDE range bars and ALWAYS followed by NARROWER range bars

TE, you're talking about volatility cycles, maybe I'm missing the point of this, but would most not consider that to be A FORM of TA?

 

[wrbtrader]

Quote from The Expert:

As usual, THE POINT is missed by most.

The Expert has clarified EXACTLY what the thread title is all about, and, again, it is all about wasting time and effort studying useless TA indicators...

Actually, you clarified your thread title after the problem started instead of preventing such in the beginning.

Simply, there's a huge difference amongst the below subject titles.

1) If you want to fail as a trader, study TA

2) If you want to fail as a trader, study Technical Indicators

3) If you want to fail as a trader, only use TA and nothing else

You selected 1) orientation above as so many others have done in the past as their subject title. To make matters worst, your very first message post had nothing to do with TA...it was an announcement of what was wrong or happen at another location via references like T2W, idiots, banning, elephants and advertising site...nothing about TA.

That's my point and the main reason why so many showed up in this thread the way they did (didn't want to listen or argue).

Regardless, you've now clarified your views and regained control of your thread. Congrats and good luck.

Mark

 

[The Expert]

Just in case some think The Expert is getting a bit soft, rest assured he is not.

You can all argue over silly little words, which mean piddly p.i.s.s in the real world of gambling, or, you ask RELEVANT questions in relation to making some GOOD money, it is entirely up to you, and, The Expert will respond accordingly, as like deserves like.

Now, for the LAST TIME:eek: , if a person decides to go off and waste a heap pf time putting stupid squiggly TA indicators on charts, to try to tell the future, then, they deserve EXACTLY what they will get.

It is as simple as that.

Forget about all the fancy words and definitions, it is all bull s.h.i.t.

Trade what you see, and trade at the RIGHT time, then, YOU have the odds in your favor, BIG TIME, and when you have the odds in your favor, YOU will find that YOU WILL make a lot more money than you will lose.

So, we have now mentioned losing, for, only a FOOL will enter the hard and fast game of gambling thinking that there will be no losers, and we know how many FOOLS are playing the Stock market

I must say, I now feel a lot better after relieving my bowls

All that The Expert asks, is that people think before they post, as, none of us are here to waste our time, for, The Expert is here to help those who "are willing to help themselves, and others", and, as for the rest, well, who gives a monkey, anyway

The only person that is important in relation to your trading is YOURSELF, everyone else are really of no significance what so ever, apart from The Expert, and, any other person who will help you choose the "correct path".

Is it left, or is it right
How can I, the one so shy
Choose the set, with no regret
For others seem, to be in gleam

But wait I see, is that TE
He comes to show, the one with glow
If I but pay(attention):eek:, to what he say
I might just go, the road that show

TE says word, that seems absurd
But word is true, for me and you
He speaks in riddle, like a fiddle
But tune is sweet, for those in heat

To win I must, be true and just
I look and see, what is to be
If I do try, and reach the sky
I might fall down, and LOSE my crown

So maybe I, be not that shy
And ask TE, some questions see
If I can show, I'm keen to know
TE can guide, the rest aside

No longer so, will idiots show
Me what to do, and all untrue
TE is fame, who knows the game
A gambler be, to win you see

Now let me out, with a shout
I want that fill, not talk so still
I will trade small, to keep my ball
But bounce it will, and higher still

I know that I, must use my eye
For that is how, I see the cow
She has big udder, like no other
Full of cream, for me to gleam

I start to fill, my pail so still
Bit by bit, I suck that tit
Out it flow, like falling snow
I now can gleam, I have my dream

TE

 

[The Expert]

Quote from Fibbin-Archie:

TE, you're talking about volatility cycles, maybe I'm missing the point of this, but would most not consider that to be A FORM of TA?

Cycles are for hot sunny days

Fibs are all liars

Gann was really a Wo.mann

TA = Trading Attitude

Now FA,

Volatility is nothing more than the size of the bar on the chart, and, the wider the bars the higher the volatility, even Homer Simpson knows that, doooh

F.U.C.K TA, it is all rubbish, how many times do I have to say it:eek:

Looking at a chart is not the TA I am talking about, and, if I have to repeat myself once more, well, I will have to start doing all of my posts in rhymes

Some thick idiots came up with math formulas to predict the future by placing squiggly lines on a chart, what a bunch of dumb ass traders who believe all that crap

The funny part is, they might well be making some money, but, because they think it is due to TA, they are restricting themselves from making a lot more than the could, hence, they are missing out on a lost opportunity, which, is the same as losing money, for, we must always remember that TIME=MONEY

TE

 

[sowterdad]

Deja vue-

I recognize you (or clone) from the Clear Station -Swing trading forum -circa 1999/2000 as I was just starting to trade pt.
If you are not he, I am very surprised, and will apologize in advance.

Your handle was Puma Cat- Very Intelligent!
You were a master of inuendo, a Magister Ludi- enjoying giving all us would-be wannabe novice traders glimpses of some exotic method of market interpretations that would lead to our ultimate mastery of the market.
The caveat there:
If only we slow learners could but Grasp your elite interprative Reality you so smoothly fed to the hungry. You'd toss crumbs of commendation when one poster would struggle to interpret your somewhat non-specific and out of context -postings. You had a huge need to feed your ego by almost showing newbies glimpses of things they should be doing, should recognize, and they stood in wait- like some are in this thread, waiting for the bits of wisdom that may be provided.

But the Puma Cat poster would never be pinned down, would always viciously attack and dismiss his critics criticisms as not worthy of being explored. He would post tidbits of past charts, BUT- He would never never demonstrate his prowess by posting tomorrow's trade today- for he was unable to be shown that he could lose.

I belatedly learned several things back then:

If the market ever stops going up, I can actually lose money.
Be accountable to yourself and if you post.

If you think you've got something that works- And can be taught-And you really want to share it to help others also succeed- God bless.
Then demonstrate it's functionality by posting how you'll apply that method to tomorrow's trade- Select one as the example, what you expect will happen, and what you will do when or if it doesn't.

And BTW-Why don't you share the specific backbone of your trading plan- Trading has to start there-

but you won't because you won't allow yourself to be pinned down. You will string this thread on , and when some advocate of yours eventually calls into question what seems a conflict in your postings, you will let him know that he just really hasn't grasped the entire concept, but he's improving. If he will just hang out and on your everyword, insight is just a post or two away.

Keep serving the Kool Aid Jim.

SD