If you want to fail as a trader, study TA
- Thread starter The Expert
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GO, how in the name of GOD can one predict the future:eek:
Most people don't even know what the hell they are doing, let alone predict what is going TO HAPPEN to the price of a stock:eek:
TA = Trading Attitude
Children can make GOOD money trading, as they see everything in black and white, or, to put it into context, they think CORRECTLY.
This is actually a good discussion leading into the new RBT thread, and I will follow up there with some controversial topics, but, PLEASE, no silly posts there, as anything to do with the BRAIN is very serious, indeed.
TE
PATTERNS......
If we want to paint nice pictures, we can go to the countryside and transpose the beautiful landscape on to the flat surface
Surely, by now, ALL are aware of the REAL truth behind the Da Vinci code?
As for Gann, and his followers, well, lets just say that if you keep drawing little boxes on a chart, the price will eventually hit one of them dead center
It really amazes me, and a few others, how people are so gullible as to believe in such ridiculous and silly things, and, at times, one is led to believe that most have never really left the 1500's:eek:
Question:
Who knows what Fibonacci spent most of his life doing?
TE
What good are charts as compared to all of the data on an excel spreadsheet instead?
One guy can have volume bars, another 1 minute bars, another 5 minute bars. You can make the chart narrow or wide and it looks completely different.
People like to buy on engulfing bars or breakout bars, but those bars are something different to somebody else. Seems like everyone would be better off deciding on an important level and buying as low as possible at that level.
If there's an uptrend and price retraces whether or not it returns back up there is almost always an engulfing bar either as a real bar or as a trap. Why bother waiting for something that you know is going to happen. Any why not buy sooner rather than later?
The whole chart things seems like a load of crapola if you start breaking it all down. What if somebody had all data coming to an excel sheet and it told them stuff like the current trend, important price levels, narrow & wide bars, etc, etc, etc, Seems more relevant that a stupid chart with fakeouts all over the place. I really sort of hate charts.
One guy can have volume bars, another 1 minute bars, another 5 minute bars. You can make the chart narrow or wide and it looks completely different.
People like to buy on engulfing bars or breakout bars, but those bars are something different to somebody else. Seems like everyone would be better off deciding on an important level and buying as low as possible at that level.
If there's an uptrend and price retraces whether or not it returns back up there is almost always an engulfing bar either as a real bar or as a trap. Why bother waiting for something that you know is going to happen. Any why not buy sooner rather than later?
The whole chart things seems like a load of crapola if you start breaking it all down. What if somebody had all data coming to an excel sheet and it told them stuff like the current trend, important price levels, narrow & wide bars, etc, etc, etc, Seems more relevant that a stupid chart with fakeouts all over the place. I really sort of hate charts.
Quote from The Expert:
PATTERNS......
If we want to paint nice pictures, we can go to the countryside and transpose the beautiful landscape on to the flat surface
Surely, by now, ALL are aware of the REAL truth behind the Da Vinci code?
As for Gann, and his followers, well, lets just say that if you keep drawing little boxes on a chart, the price will eventually hit one of them dead center
It really amazes me, and a few others, how people are so gullible as to believe in such ridiculous and silly things, and, at times, one is led to believe that most have never really left the 1500's:eek:
Question:
Who knows what Fibonacci spent most of his life doing?
TE
Well it wasn't surfing porn... Something to do with maths I guess, since he was one of the greatest mathematicians of the middle ages.
Self fulfilling prophecy? who cares it's worth keeping an eye on those levels.
Quote from The Expert:
PATTERNS......
If we want to paint nice pictures, we can go to the countryside and transpose the beautiful landscape on to the flat surface
Surely, by now, ALL are aware of the REAL truth behind the Da Vinci code?
As for Gann, and his followers, well, lets just say that if you keep drawing little boxes on a chart, the price will eventually hit one of them dead center
It really amazes me, and a few others, how people are so gullible as to believe in such ridiculous and silly things, and, at times, one is led to believe that most have never really left the 1500's:eek:
Question:
Who knows what Fibonacci spent most of his life doing?
TE
But you posted some charts at one time with butterfiles and gartley-looking patterns on them. Maybe you were just trying to give a hint to something. Hope so because I hate patterns. Well there is one I like, 3 symmetrical pushes up or down at an important level. No level around then ignore it. Fibbo studied math and something weird I forgot about, astronomy or aliens or something.
Hah !!!
Guess so.
The problem is depending on how I squish my chart or how many bars are on my chart and whether I use 1 minute or 5-minute or 1000-volume bars it's so damn subjective. It's like my brain and pictures of stock charts don't mesh.
I'd much rather trade off of an excel sheet if possible. At least it would be different from the majority. That's a plus.
WHAT....................................................................
TE
Have you ever seen the Mr Bean movie, where Mr Bean is mistaken for a very prominent Art Expert, and, he travels to the US to unveil the famous painting Whistlers Mother
Can you see the difference
TE
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