If you want to fail as a trader, study TA

Status
Not open for further replies.
Quote from xburbx:

My thoughts on top and bottom picking have always been that you can only have 1 top and 1 bottom in your given timeframe. Trying to grab either is playing against the odds. I do know people that make a living picking tops and bottoms, but it just didnt make a whole lot of sense to me. I'd be curious to know what TE does

I must say that I'd agree with you on that, it's basically trading against the trend.

The decision to take that particular trade was based on the usual price behaviour in that particular market.

I still have part of the position on, although it has retraced somewhat.
 
Quote from xburbx:

My thoughts on top and bottom picking have always been that you can only have 1 top and 1 bottom in your given timeframe. Trying to grab either is playing against the odds. I do know people that make a living picking tops and bottoms, but it just didnt make a whole lot of sense to me. I'd be curious to know what TE does

There is one thing certain about TIME, and, that is;

Time Never Stands Still

We also know that Time = Money

therefore,

Money Never Stands Still

How do you catch something that never stands still?

I reckon this one will be got by RN, if he is looking in:D

TE
 
Quote from IchibomB:

Long target hit this morning. easy money.

What goes UP, must come DOWN
When it begin, watch the NIRT$
Money come, and Money go
Question so, where will it FLOW:D

TE
 
Quote from TheMan:

caught me

picking up some great stuff to scribble down

in fact, i am running out of things to write on i have scribbled so much stuff down

The Man, The Man
what a fan,
he likes TE, to some degree
but as his brain, is like the rain
it falls from high, up in the SKY

some would say DOPE,
and others NOPE,
but matter not, he is just snot
a little boy, with little toy
who knows it all, bout sweet FUK ALL:p
 
Quote from Blotto:

Thank you TE. Your surmise is quite correct.

As we discussed earlier by private route - the cannon fodder present no serious threat to our interest, however I do question the value of continuing to engage with morons who think they may behave how they please, with no regard to proper conduct and respect for their betters.

I believe you are sincere in your efforts to help those who wish to help themselves, however I do not consider that this is the most appropriate forum to do so. The very minute discussions are elevated to a level which requires responsibility for ones own thoughts then the mob appear and persist in dumbing down everything to their level.

FA is a case in point. My message to him clearly explained the limitations of forcing all discussion to conform to his own (limited) point of view. I know what's what, however I am always open to learning and strive to hone my skills and take this endeavour to the highest levels I am capable of. This is necessary in all levels of trading.

FA has obviously shut himself off to any possibilities which do not conform to his limited and incorrect worldview. When I state facts, I am retorted to with abuse. FA defends this position by stating that he will respond to people with the same attitude that they treat him - if only he were able to discuss with me on my level, and with the same motives. Instead he resorts to childish insults as he does not know, and does not know that he does not know.

Note however that he will follow up with questions, trying to pick the brains of others but always ready to retort with rudeness when he does not get the reply he wants. It is not a stretch to consider that he treats the market the same way as he treats others on this board - and when something presents which is contrary to his expectations he will not adjust himself, but he will try and force the facts to adjust to him. What happens when he tries to do this in the markets? Well, we know that - he has probably part filled our orders!

Those who can recognise the value of your contributions have either earned the right to be consistently successful market participants or are well on their way. The rest are beyond help until they change their attitude - this is the best lesson which can be taught to them, and will enable them to achieve success in whatever they aspire to. It is also impossible to teach them while they remain unwilling and unable to learn, and for the time being it is best that they remain where they are. Everyone has the opportunity to progress should they realise the need to behave properly and approach their tasks in the correct way.

I wonder if you have come across the works of Ayn Rand? The antics here remind me very much of the closing chapters of Atlas Shrugged - the looters demand everything from the producers, however they are intentionally ignorant as to the fact that they have nothing to trade in return. Instead they believe that we exist for their benefit, and have some duty to provide to them the fruits of our many years of hard work and sacrifice. Familiar, yes?

BO,

Beauty is in the EYE of the be-hold-er

Blessed is HE who believes, yet does not SEE

Time waits for NO man

He who hesitates is LOST



TE
 
Quote from The Expert:

The Man, The Man
what a fan,
he likes TE, to some degree
but as his brain, is like the rain
it falls from high, up in the SKY

some would say DOPE,
and others NOPE,
but matter not, he is just snot
a little boy, with little toy
who knows it all, bout sweet FUK ALL:p


you make that all up, all by yourself?

i am not going to post anymore and leave you guys to whatever it is you think you are doing

:cool:
 
Quote from The Expert:

There is one thing certain about TIME, and, that is;

Time Never Stands Still

We also know that Time = Money

therefore,

Money Never Stands Still

How do you catch something that never stands still?

I reckon this one will be got by RN, if he is looking in:D

TE


You can count on it TE….

I’m just letting the noise be what it is...


Now let me see if I can figure this one out...:)

RN
 
Attempted answers :

move with it

or possibly

head it off



Quote from Redneck:

You can count on it TE….

I’m just letting the noise be what it is...


Now let me see if I can figure this one out...:)

RN
 
1. Some of the numbers you put down in CEPC makes sense in terms of S/R lines but some probably performed based on some kind of calculation?
Like where you got 55.00? Price doesn’t even go there on the chart.
Which brings up the point how far back you're looking? Mixing time frames?
2. Trigers for L/S would be based on bouncing off or taking out S/R lines with the stop below/above the line and minimum target a bit lower/above then the next line.
3. Currently R:R isn't sufficient if it takes out 58.42 or so to go North, but good enough if it bounces of that level to bet South. But the question why 57.80 is the next stop down? I see R before that, around 58.00.
5. If we lose it can cost us a few cents or 20 cents depending on how we play.
6. If we win based on your number would be close to 60 cents and based on what I see close to 40 cents.
7. We don't care about everyone, just Money Makers. And perhaps they are calculating their targets the same way you're?
8. No we want to look at what Big Money looking for
9. That's what I need to figure out.
10. Hopefully those are the numbers MMs are looking for.
11. By observing a future S/R levels?

Good puzzle with the numbers.
amp.

Quote from The Expert:

XX, as you know, there are many ways to look at a chart and see potential low risk trade opps.

I had a look at CEPH and this is what I saw.

1.55.00<56.20<56.60<57.30<57.40<57.80<58.39>58.60>59.10>59.50>59.70>60.20>60.70

2.What are our triggers for Long and Short, and what are our targets for covering?

3.Is the R:R sufficient to spend our time trading this stock?

4.Are we going to get at least 50 cent profit on the trade?

5.If we lose, how much will it cost us to find out we have just added one more loser to our list?

6.If we win, how much should we be looking to make so that the losers on our list are of no real worry to us?

7.Are we looking at the same thing that everyone else is looking at?

8.Do we really want to look at what everyone else sees?

9.How do we look and come up with different numbers to most?

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

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

There is a lot MORE to S&R lines than meets the eye:D

TE
 
Status
Not open for further replies.
Back
Top