5min sp500 chart. Is this just a pullback so go short?
Or is this a reversal and there's a fair bit more upside?
Is It a Reversal or a Pullback?
- Thread starter schizo
- Start date
I have never used Al Brooks, in fact I have never read any of his stuff, it is just that I know it is all rubbish, as they all write the same stuff.
Yes, if things go well, it is because of me, and if things go bad, it is because of me also, and I will not let Al Brooks, or any other idiot affect the way I think, as that will in turn affect the way I trade, and cost me money.
J_S
Actually, the initial replies to this thread were not based upon textbook teachings. In fact, I think I was the first one that state people had different views and such was causing misunderstandings.
Thus, the charts I've seen so far...its mainly stuff I've only seen discussed at a discussion forum...not really any textbook stuff considering I own a textbook about reversals, pullbacks, trends and stuff and the discussion in this threads has nothing related to that info. Further, I specifically mention that someone over at ForexFactory gave his own personal identification of +50 different types of pullback price actions...he's not even a book author...just someone posting an in-depth long winded message post (sarcasm considering he couldn't explain each one of those charts in a short message post for your personal needs).
P.S. Maybe he should have made 50 different message posts ?
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Ok...I get it now. When you try to explain that you were talking about "textbooks" in general and then you explained it should have been obvious. Reality is that you really were talking about Al Brooks considering he's the only book author in your example even though you've never read his stuff and is not using his stuff.
Glad we got that misunderstanding cleared up.
Lets now agree to stop talking about someone that has NOTHING to do with this thread and I think that should be obvious.
P.S. As a reminder, people posting at discussion forums with the intent to educate readers of their threads...they can be just as harmful as those that author textbooks. Difference is that forum message authors are anonymous whereas textbook book authors are not anonymous.
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I have not seen any live charts posted yet.
You marked up a chart from a few days ago in your post!
What is wrong with marking an up to date chart?
This forex guy is of no significance, and if his posts are long then he is def not worth even glancing at, but if I did, I bet you ALL of his posts are based on text book stuff.
You still have not mentioned why you think you have an edge over others. Just because you make some money, that means nothing, as many people make money trading - just have a look at the ES prints going off every day.
J_S
Ok...I get it now. When you try to explain that you were talking about "textbooks" in general and then you explained it should have been obvious. Reality is that you really were talking about Al Brooks considering he's the only book author in your example even though you've never read his stuff and is not using his stuff.
Glad we got that misunderstanding cleared up.
Lets now agree to stop talking about someone that has NOTHING to do with this thread and I think that should be obvious.
P.S. As a reminder, people posting at discussion forums with the intent to educate readers of their threads...they can be just as harmful as those that author textbooks. Difference is that forum message authors are anonymous whereas textbook book authors are not anonymous.
I was asked by wrb to pick a book, which I did. The reason I picked his book, was because it was the first one came up on amazon, no other reason.
Textbooks have everything to do with this thread, as it appears that everyone here is using the information from same in relation to pullbacks and reversals!
I give readers more credit, and all they have to keep in mind when reading posts, is, is this common sense or not?
J_S
J_S,
I'm trying hard not to be rude but I strongly believe you're very confused about things right now. I have not posted any charts a few days ago nor a few months ago nor within years. Instead, I'm the guy that "requested" charts whenever someone tries to explain price action on charts.
Therefore, please review your messages carefully before replying to me. Greatly appreciated in advance.
Would you please go away? Thanks
Of course he's not significant in a conversation about pullbacks and reversals even though his info is personal (not from a textbook) about pullbacks and reversals.
Instead, you'll must rather talk about things that's "obvious".
Apologies, that was meant for the OP, my mistake.J_S,
I'm trying hard not to be rude but I strongly believe you're very confused about things right now. I have not posted any charts a few days ago nor a few months ago nor within years. Instead, I'm the guy that "requested" charts whenever someone tries to explain price action on charts.
Therefore, please review your messages carefully before replying to me. Greatly appreciated in advance.
J_S