Is There A Problem Being A Chartist/PA Trader

[marketsurfer]

Care to tell me what they do ?

All I hear about is they have an information edge which is something I doubt I can get my hands on and that they trade DOM and the ladder.

I know you mention price drivers a lot ? Can you give me an example of this method ?

My interpretation of price driver trading is:

GBP/USD started noticeably falling an 1.5 hours before a disappointing CPI outcome.

Would seeing a large shift before a news release predict that someone knows something and is doing X because of a change in Y price driver (CPI, GDP, NFM, FOMC) that nobody else knows about ?

Its falling because the price driver is causing a shift in buyer/seller sentiment of people in the know ?

I am going through a 40% DD trading a price action method that I thought gave me a real edge. I could use any advice right now PM me if you don't feel comfortable replying on the thread.

Thanks Surf

I am sorry to hear that. Is the 40% DD from a single trade or a long series of trades?
Price Drivers are an attempt to quantify the items that move price prior to it moving. We firmly believe that after price moves, its too late for anyone but hindsight reading chart jockeys who pretend to trade, therefore its a must to anticipate how the Price Drivers will move the price and position yourself accordingly before the fact. Take a look at our recent SHAK trade----- to see how it is done with very limited regard to price. surf

surf

 

[barcadia]

Please! It's very obvious this barcadia is a shill for whatever he is talking about. Don't fall for it. surf

you mean a shill for the people whose charts I showed?
If so, I promise you that you are wrong!! I'm no shill.
I'm just trying to learn price action.

 

[dbphoenix]

Please! It's very obvious this barcadia is a shill for whatever he is talking about. Don't fall for it. surf

I've been at this a lot longer than you have, though when it comes to shills, you appear to have a great deal of first-hand knowledge.

 

[Fundlord]

I am sorry to hear that. Is the 40% DD from a single trade or a long series of trades?
Price Drivers are an attempt to quantify the items that move price prior to it moving. We firmly believe that after price moves, its too late for anyone but hindsight reading chart jockeys who pretend to trade, therefore its a must to anticipate how the Price Drivers will move the price and position yourself accordingly before the fact. Take a look at our recent SHAK trade----- to see how it is done with very limited regard to price. surf

surf

How does one go about predicting outcomes of important reports besides the obvious insider trading.

 

[dbphoenix]

I am sorry to hear that. Is the 40% DD from a single trade or a long series of trades?
Price Drivers are an attempt to quantify the items that move price prior to it moving. We firmly believe that after price moves, its too late for anyone but hindsight reading chart jockeys who pretend to trade, therefore its a must to anticipate how the Price Drivers will move the price and position yourself accordingly before the fact. Take a look at our recent SHAK trade----- to see how it is done with very limited regard to price. surf

surf

Unfortunately, the market couldn't care less what you believe. Whether you have a robust system or not is determined by results. And your results are not only spotty but inconsistent. Hardly robust.

 

[dbphoenix]

How does one go about predicting outcomes of important reports besides the obvious insider trading.

Now that would be the key to untold wealth.

 

[marketsurfer]

you mean a shill for the people whose charts I showed?
If so, I promise you that you are wrong!! I'm no shill.
I'm just trying to learn price action.

Having been on elite for many years, shills are very obvious.

Unfortunately, the market couldn't care less what you believe. Whether you have a robust system or not is determined by results. And your results are not only spotty but inconsistent. Hardly robust.

What are your results? Mine have been posted here since 2002. Occasionally, over the years, exits were not recorded-- by overall the record is there on entries and exits. Where are your results? surf

 

[marketsurfer]

How does one go about predicting outcomes of important reports besides the obvious insider trading.

Study and predict based on your understanding of what is likely to happen. There are multiple ways to do it based on data, is it always correct, NO WAY-- but it can provide an edge. surf

 

[barcadia]

Having been on elite for many years, shills are very obvious.

You're not as smart or perceptive as you may think. It's pointeless to carry on defending myself, but you're wrong, and not for the first time.

 

[marketsurfer]

I've been at this a lot longer than you have, though when it comes to shills, you appear to have a great deal of first-hand knowledge.

Yep, I use to shill for my own site-- so that's how I can quickly recognize shills.