If you want to fail as a trader, study TA

Status
Not open for further replies.
Quote from The Expert:

Never believe anything you read

:p
More...

So, from your chArt of Deception thread and the mirror comment. You are saying that charts are just a ruse.?

You see something else not contained in a chart or TA?

:eek:
 
Quote from blox87:

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
More...

Play or fade break outs?

I'm interested in peoples opinions.

Personally I say fade it or take the pull back.

Cable today, counter trend day (rally off of obvious support, aka suckers' rally) or reversal? (See attached).

mail
 
TE,

The latest charts you posted, do they contain the setup you look for?
As i think the answer is yes...........

In the NRB, WRB, Is the Bar, not exactly a bar, but more some kind of top down movement?
 
Quote from The Expert:

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
More...

So on the 1 hour chart you have drawn S/R lines at peaks/lows and where prices spikes up/down. These are levels where stops have been taken out and smart money has an interest? Those levels than get inherited by lower time frames and you trade on the 1m chart refering to those levels.

The Generals are operating on higher timeframes and their levels can be seen on monthly, weekly, daily charts.

Thats a quick assessment, glass of wine over, time for bed!
 
"Thats a quick assessment, glass of wine over, time for bed!"

Haha I love reading with a glass of wine ! I advise against trading with a glass or 3 of wine though :p
 
I really think i got it.

It is just a matter of not taking the Bar in NRB, WRB, NRB to literally and draw the lines.

My results get better every day. Thanks TE! This is really a money machine!

It is so obvious once you see it!
 
Quote from Xspurt:

Then the idiots tells us to expect a return to the wedge and watch for the real move.

Huh, as if that would happen.

Stay well away from this stuff! You've been well warned.
More...

Gulp! Does this stuff actually work?
 
Status
Not open for further replies.
Back
Top