If you want to fail as a trader, study TA

[TraderZones]

Quote from macattack:

Maybe the correct answer is I would've done nothing unless trading BDX fit my plan/process. I have no idea what exactly you look at to make your decisions, so it would be dumb to try to copy you.

In fact you could be a 13 year old really smart kid living in your mom's basement who has only ever traded in a sim account while high on sugar. (I'm pretty sure you're not though).

And in reality feel free to send me all your trading signals and the reasons for them. I'd be more than happy to review those for you.

So apparently, "macattack" is either entirely brain dead, or more likely, The Idiot's shill. He is about the only one having "conversations" with him, and is not falling all over himself with laughter at The Idiot's empty existence.

Needless to say, eveyone else already knows The Idiot knows less about trading that the potted plant that birthed him recently...

 

[macattack]

Quote from TraderZones:

So apparently, "macattack" is either entirely brain dead, or more likely, The Idiot's shill. He is about the only one having "conversations" with him, and is not falling all over himself with laughter at The Idiot's empty existence.

Needless to say, eveyone else already knows The Idiot knows less about trading that the potted plant that birthed him recently...

I realize TE could be a complete nutcase; I have no idea who he is; I have no idea who anybody on the internet is; but I've read enough over the years to know that what he says has the ring of truth if you read it about 10 times to get what he's saying. Don't forget I have other information from him also.

The truth of the matter is that I'm extremely desperate to be a successful trader, probably more so than anyone on this site.

So maybe in a few months I'll finally be making money and be able to say "I told you so", or I'll have wasted more time taking useless notes, and you can say it to me instead.

I just pray that it's the first choice with me making money. It really screws your life up when you try so hard to succeed at something and fail for years & years. Fortunately or unfortunately I have the trait of persistence, so I don't give up.

And yes I know I look like a dumbass posting to the site when he's not even here, but what the hell. Maybe he'll see later & respond.

 

[HiF trader]

TZ is right on this one

you are all bunch of fuking idiots

First you are a small idiot if you read ET

Second you are a bigger idiot if you Participate

Thirdly, You are the king of idiots if you think this thread can teach you to run a successful trading business under Guru The Expert

case closed

case closed forever

 

[mindtrade]

Quote from HiF trader:

TZ is right on this one

you are all bunch of fuking idiots

First you are a small idiot if you read ET

Second you are a bigger idiot if you Participate

Thirdly, You are the king of idiots if you think this thread can teach you to run a successful trading business under Guru The Expert

case closed

case closed forever

ummm dude you basically called yourself an idiot in your post because you read ET and participate.

 

[HiF trader]

Quote from mindtrade:

ummm dude you basically called yourself an idiot in your post because you read ET and participate.

I think the point is we are all idiots

 

[macattack]

Quote from The Expert:

Hi MK,

There are a few KEY things that a savvy trader needs to know about in order to determine the lowest risk trades, for, the inverse of LOW RISK is HIGH PROFIT, but, as we all know, most do the opposite, and place high risk trades, but, the inverse of HIGH RISK is LOW PROFIT

This said, what is ONE (1) of the KEY things that we MUST now understand and learn?

TE

One of the KEY things we must understand and learn is how to tell the difference between a "high risk entry" and a "low risk entry".

By the way................has anyone you have given advice/coaching to turned out to be successful? Just wondering if anyone ever "gets" it.

 

[Fibbin-Archie]

Quote from mindtrade:

ummm dude you basically called yourself an idiot in your post because you read ET and participate.

DOH!!!

 

[Fibbin-Archie]

Quote from anian:

Arguing about whether or not TA "works" is asking the wrong question in the wrong way: If it's cloudy, does that mean it will snow? In order for snow to happen when it's cloudy, a confluence of events must occur. In other words, it's a question that cannot be answered out of context.

If. say, you expect to use an upward crossover of the MACD indicator as a buy signal for a long position and the stock you've chosen to trade is in a confirmed medium to long term downtrend, lags in its sector, underperforms the major market indices and the market is in a downtrend, then the chances of that trade ultimately being profitable are diminished. The signal would probably fail and if you traded enough of these you'd be convinced that TA didn't "work".

Trading is about probabilities, just as weather forecasting is about probabilities, but neither can expect a significant chance of success unless many ancillary factors are considered in context.

exactly, one indicator signal is just one piece of the puzzle.

 

[gktk]

Hi TE

Been catching up on this version of the "study TA to fail" thread, quite similar to T2W in such that the 2 camps of posters appear, insults flowing from 1 side and some serious responses on the other.

Not quite sure if this question is 100% relevant to the thread title but I would like to understand Multiple Time Frame Analysis and how is relates to intraday trading.

I know we need to have the daily charts up but if we are looking for at least a $0,50 move in a day what is the importance of the daily chart when we are trying to catch the slice of an intraday trend?

What are we looking for on the daily that can impact the intraday swing?

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Quote from odlareg:

Something about the baby in a warm place and the butterfly. Even the fingerprint (egg shape) and the golden egg. Narrow expanded narrow(egg shape). Is the baby (bird) in the egg? Waiting till time tells to fly/move away?

Childs play: is it kids skip (jump over)?

The Generals start to operate. They need stocks. The MM starts the hoover to swallow stocks/stops outside the range. It widens till all is hoovered. Then it narrows. No more stocks in the egg range/box. This leaves a footprint at the chart.

AR + BE + Price Exit = GM?

We need the monthly and weekly ranges to find the pattern? Months and weeks are random time periods. So with looking at more/both we have more chance of recognizing?

Yes MK, now i understand. I thought TE had asked you in the social group to watch some video or something. As i did not entered the Social group due to language problems i thought i was behind in knowledge.

--------------------------------

Quote from The Expert:

At last, a SERIOUS post

PE = PATIENCE

Shortly, we will start to LOOK at what The Generals look at

Wait and see all the TA Gurus surfacing

 

[duhmentor]

Quote from macattack:


The truth of the matter is that I'm extremely desperate to be a successful trader, probably more so than anyone on this site.

What is holding you back?