I now wish I had used the word "vagina" or talk about that other thread that Baron allows members to post pics of nude women down in the chit chat section.
Is It a Reversal or a Pullback?
- Thread starter schizo
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I now wish I had used the word "vagina" or talk about that other thread that Baron allows members to post pics of nude women down in the chit chat section.
Depending on your reply, this will be likely my last reply to you.
1) Studying the past in order to understand the future is a good thing.
2) You keep asking for the most recent chart. Is analyzing yesterday's chart any better than studying the chart 1 month ago? How come? They're both hindsight analyses. If you want realtime analysis, perhaps we can both go head-to-head with our realtime calls or trades.
3) If you're forward-looking and want to discuss what will happen next week, then throw out some calls on where the reversal or pullback will likely happen. Then I'll tell you what I think.
4) Irrespective of your obnoxious role in the "Obvious" thread, I believe you're a cool guy.
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Building on Stewie's work earlier in this thread, I think the answer to OP's question is fairly straightforward. Is it a reversal or a pullback ?
If we define a pullback as a retracement in an up trend followed by a higher high, we simply have to wait for the higher high to determine the answer to the question. A one tick higher high cements the answer. So when faced with the question, just wait
Any answer before the higher high is just a guess or speculation. Of course nothing wrong with speculation given good risk management.
Your chart is incorrect, typical misconception. Price could and often makes a HL, in-between past HLs.
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You said you could not find in on google, and I did!
Textbook, pdf, internet, it is all the same old rubbish.
I will leave ye at it, as I do not think anyone here is interested in discussing what really matters most, instead are just inspired by others who post stuff without explaining the reasoning behind same.
There is nothing new here, as in most threads, as everyone is just using the same old text book rubbish, which we all know is no good to anyone, as most people lose money trading when they try to use it.
J_S
But didn't the second box go through the so-called "congestion" before reversing and headed south?
Combine the monthly charts with the COTs report and you will have a better understanding of where the markets will go
http://www.cftc.gov/MARKETREPORTS/COMMITMENTSOFTRADERS/INDEX.HTM
eek!!!!Depending on your reply, this will be likely my last reply to you.
1) Studying the past in order to understand the future is a good thing.
2) You keep asking for the most recent chart. Is analyzing yesterday's chart any better than studying the chart 1 month ago? How come? They're both hindsight analyses. If you want realtime analysis, perhaps we can both go head-to-head with our realtime calls or trades.
3) If you're forward-looking and want to discuss what will happen next week, then throw out some calls on where the reversal or pullback will likely happen. Then I'll tell you what I think.
4) Irrespective of your obnoxious role in the "Obvious" thread, I believe you're a cool guy.
You can see some of my recent trades in the obvious thread, but they are the low risk non daytrading ones, as I have openly stated I am not currently daytrading.
Only a fool tries to predict market direction, and anyone who trades knows what I am talking about.
In summary, the only thing I know, is that I really know nothing.
Au-revoir
J_S
Excellent idea. We need something there but many traders think averages lag too much. What else can we use there? Maybe I am nobody will tell us? Certainly baro-san knows what to put there. I know. Forty knows. Db knows. wtf guys? come on? think!
RN can tell you! But he's not talking! That's what I luv bout him! Keeps quiet instead of blabing like me.
1) You were very specific in stating you question if its textbook stuff.
2) Yes, I did not find it on Google search but I did saw those words used before at this forum and other forums regardless to the fact that Google doesn't even pick up the words "buffer zone" used in the past at this forum many years ago.
3) You've now ADDED additional variables such as pdf, internet. I now can agree with you that its the same stuff I've seen before but will put emphasis on the fact that its not from a textbook which is something you've bashed several times already in this thread...you even use the phrase textbook rubbish.
Thanks for acknowledging that forum info can be just as harmful as info by book authors.
4) Nobody here has stated its NEW or NEW DISCOVERY especially with me continuing stating I've seen it before in other forum discussions but I was not able to pinpoint exactly where.
5) It doesn't matter what we call it. Its still the same even though we may use a different name (e.g. buffer zone) or use it a different way (e.g. position size management instead of as a trade signal) that others did not think about using as such. That's the issue of a trading discussion forum. Traders see the same stuff but they want to know if there's a different way of using it...they're looking for ideas...something to spark them to investigate something that looks the same. Seriously, lots of inventions, discoveries in life involves when something is looked at differently or applied differently even though its always been there for years or hundreds of years in comparison to doing something much more difficult...designing something new.
P.S. My son discovered a new way of eating spaghetti. If I can duplicate what he did...I know I'll be famous.
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