If you want to fail as a trader, study TA

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Quote from ScoobyStoo:

TE,

Respectfully, perhaps enough is enough?

If the great unwashed don't get it now then they probably never will. There is enough material in the posts of NY, TG, RN, yourself, Blotto and a few of the others on this site to help those that are genuinely capable of going through the looking glass.

As you know, for those of us who have made it to the other side the issue is not determining market direction, that bit is easy, the issue is getting on the size we desire. And for that we need the merry band of fucknuggets to take the other side. Let's not make it any more difficult that it needs to be eh?

It amazes me that, despite the fact that this site is 99.9999999999% utter diarrhetic drivel, there is some invaluable information in the public domain on here. As you keep saying though, the first and most important thing anyone needs to be able to do is differentiate those that know from those than don't. Once someone can do this then pretty much everything of any worth on ET can be found, read and digested in a single weekend.

Anyways, get out and enjoy the weather.

All the best

Scoob
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Hi SO,

You know what, maybe you are right!

You have given me an idea:D

In the meantime, as I have to look up some old files, this simple truth explains why so many are unable to see thru the looking glass:eek:

TE

 
Quote from xburbx:

Interesting , Ive never really thought about s/r lines that much in depth. On a side note, I dont see any of those numbers as s/r. Did I miss something? I'm with you on the RR, apprx 50 cent profit, cost of business. These 3 questions I do not have an answer to other than a guess.
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How do we look and come up with different numbers to most?

--Choose the most obvious lines on the most used timeframe--

Who else is looking at the numbers we are looking at?

--Level 2 watching?--

How do we confirm that they are looking at those numbers?

--A hard rejection or breakout of that line--
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XX, different classes of people have different habits:D

We do not need to know all of their habits, but, we need to be aware that they are different!

If you limit your thinking to what YOU like best, then that is fine, but only if it is consistent enough for daily profits.

If not, then, it is a requirement to acquire the required knowledge so that you are not left sitting there looking at a stagnant few charts that are just going nowhere.

Time = Money

As there are idiots trading every market, then, it is possible to take money from any market, once you are aware of what is going on.

99.99% of traders use text book TA, and, whilst following this can be profitable in suck markets as currencies, when daytrading US Stocks, there are far more important things to know than text book TA, and, they are the pure and simple things, which, are better called common sense things.

The act of trading is so simple even a monkey can do it, but, the art of taking GOOD money from others, daily, and keeping it, is a rare art for those who trade their own personal accounts.

The first step to achievement is believing.

I will post a pdf later on, but it will require a password to open, sorry, as TE does not do easy, for, that is just insulting the human brain:D

TE
 
Quote from ProfLogic:

In trading there can be many "rights" or "edges" not just one TE portrays. None can be dismissed until personally tested, again, contrary to what TE portrays.
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Of course there are MANY ways to trade, but, there are very few ways that are VERY EASY and VERY PROFITABLE, and, it is these few ways that anyone with half a brain should be seeking out, not the usual tripe that takes years and years to discover just how limited it really is:D
 
Quote from ProfLogic:

Those that must digress to foul mouthed gutter language in a discussion have already fallen to the bottom of the intelligence pool and have eternally lost any argument they step into.

I've forgotten more of the intricacies of price action than you have experienced but please continue to post your colorful language and openly display your substandard IQ.
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FUK OFF U DUM ASS TRADER:D
 
Quote from ProfLogic:

IMO both; man because they don't wish to use their brains and are only looking for an easy way to consistency. They think TA, in itself will give them an edge, which is false.

And tools because people will grab anything and try to force fit it into every situation. You can't use a screwdriver to pound a nail into concrete.

One has to begin at the beginning, "the product" and take the transition of price, one step at a time to fully understand the ongoing flow.
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What the FUK are YOU on about you DUM ASS TRADER:p

It is idiots like you that steer people in the totally wrong direction, and, it is because of YOUR stupid fukin education, and that is as plain a baby's bottom to SEE:D

Intellectual bullshit has nothing to do with professional gambling, you fukin idiot, and the sooner a person WAKES THE FUK UP, and quickly learns the required skill of picking out useless shit heads, then, the quicker they will start to make some GOOD money.

You need to be a CUNT to make it in this game, and TE is the biggest CUNT OUT THERE :D

Now, FUK OFF, again, and go off and start a DEBATE about trading, dim wit dum ass traders:D

:D TE :D
 
Quote from The Expert:

Of course there are MANY ways to trade, but, there are very few ways that are VERY EASY and VERY PROFITABLE, and, it is these few ways that anyone with half a brain should be seeking out, not the usual tripe that takes years and years to discover just how limited it really is:D
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I agree . . . that was odd.
 
Quote from The Expert:

Intellectual bullshit has nothing to do with professional gambling, you fukin idiot, and the sooner a person WAKES THE FUK UP, and quickly learns the required skill of picking out useless shit heads, then, the quicker they will start to make some GOOD money.
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Yes, this is why myself and a couple programmers created a software program that objectively reads any constant volume chart it is applied to & trades with over 85% winning trades and less than 1% draw downs. It's all because we are idiots and do not have a clue what we are doing, yes that is the case.

Can people trade better than I do . . . sure I know some. Are they "better" than I am, no.

It's individuals like yourself that are constantly keeping people off balance so they never fully realize their full potential. Your "my way or the highway" mentality is childish and down right ignorant.

Your foul mouth doesn't impress anyone either.
 
Quote from The Expert:

You need to be a CUNT to make it in this game, and TE is the biggest CUNT OUT THERE
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Even this statement is incorrect. You are not a (unt.
They have value.
 
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