If you want to fail as a trader, study TA

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Quote from odlareg:

Ok TE,

I think i start to understand.

The ranges:

Preferable: stocks with high ranges. Min. 50 cts.

My question; Is a certain min. % also valid? If not, why not?

WRB NRB:

Consider only stocks with a previous day with NRB. This ameliorates the odds. True?

The lines:

Draw lines which connect as much supply/demandpoints as possible.
True?

The Generals:

They do not act as daytraders. They buy large quantities, preferably without disturbing the markets. When they stop buying, demand slides. This causes amateurs to sell. However they do not want to
let the slide too much. It is in their favoour to buy a bit cheaper, but not to reverse trend, as they are loaded with stocks already. True?
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ADEQUATE range is EXACTLY that!

Previous day does not matter, what matters most is TODAY.

Draw lines where it is very OBVIOUS, for, if you look too deeply you are entering Da Vinci code territory

The Generals are idiots who do what they are told, and, as such must be looked at in that way.

Remember, if we do what everyone else does, then, we will get what everyone else gets.

Think differently to most, and, pay no attention to what anyone says, for, there really are NO EXPERTS, apart from The Expert, of course:D

As you can see, we can always say what might or might not happen, but, it should never influence what we do, for, we must always trade in line with the current activity, else, we might just get caught out and be relieved of any profits we may have recently accumulated.

As for the $1 Mil, well, no one ever said making money was easy, but, the more you can make the more you will make:cool:

TE
 
BDX :D




Becton Dickinson and Co (us;BDX Q 75)
21 May 2010
Last Trade 2.12
Trade Time 05/2010
Change 1.07
Bid 0.0
Ask 0.0
Open 0.0
Previous Close 1.05
Days Range 1.65 - 2.35
Contract Range 0.6 - 5.0
Volume 109
Open Interest 1704
Strike Price 75.0
Expiration Date 21 May 2010
Type PUT
 
Quote from The Expert:

A mirror maybe:D

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Thats taken from the last hour, so you establish a range as you go along, a swing high and low , then work from that?

:p
 
Quote from Placebo:

Thats taken from the last hour, so you establish a range as you go along, a swing high and low , then work from that?

:p
More...

Never believe anything you read

:p
 
Expert,

Would you rather enter if price penetrates a level or bounces off a level? Or.... If it penetrates a level, wait for the retest of the old support /new resistance vice versa ?



Thanks
 
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