I've signed up with Al Brook's Price Action course

[speedo]

https://media.discordapp.net/attachments/577229335631626272/738085426434277476/magic-wand.png

 

[tiddlywinks]

Hmmm I don’t think millions are doing Brooks methodology. I seriously doubt if more than 2 or 3 dozen worldwide have actually waded thru his materials and figured it out.

Not my words. The bandwagon effect, quoted.

The fact that the high of the current spike was a mere four cents higher than the measured move target indicates that I am not alone in using this method for quantifying swing extent and pivot selection. There have been almost 3 Million shares traded this morning spread over 16,000 transactions, and a few of those trades may be attributed to professionals yet to arrive at their desks taking profits with limit orders set days ago.

 

[Frederick Foresight]

Within probabilistic limits..yes. Sounds magical doesn't it?

The distance? Yes, somewhat.

 

[speedo]

As I mentioned yesterday Fred, these are simply points of inflection where the institutional algos set their buys and sells. They are not out to trick anyone with slight of hand. Most "traders" will foil themselves without any trickery. They simply want to make money....so make money with them or try and "outsmart" the market, which is a nihilistic absurdity.

 

[Gaslight Capital]

The bandwagon effect, quoted.

You might want to explain what you mean by "the bandwagon effect."

 

[themickey]

.

You might want to explain what you mean by "the bandwagon effect."

 

[Gaslight Capital]

Looking for $80.46 or close to it on AMD before the end of the week if the market holds together. If the market can hold together we may will see it today. Trading between $78 and $78.45 now. Needs to stay above yesterday's 77.19 high to keep the dynamic.

 

[Gaslight Capital]

QCOM here at $106.11 is a long set up with a stop $105.70-79. I'd look to take profits between $108 and $109.

 

[Gaslight Capital]

QCOM here at $106.11 is a long set up with a stop $105.70-79. I'd look to take profits between $108 and $109.

Made it as high as $107.69 and closed on a trailing stop at $107.39, a tick below the prior high of day. +1.28 points, and here is the chart explaining the set up:

 

[Captain Caveman]

In fairness I can't think of any other profession on the planet where the trainer hasn't verifiably demonstrated the ability to actually do what they teach

Exactly! I am sick of people passing of this BS of saying oh "I have no need to verify my ability"

You don't you're full of sh@it period! Especially when its the simplest thing to do and the rewards are immense . I teach finance here in China, I have a PhD (notarized) Category A visa (highest level), FSA registered by UK government, Official Chinese language past certificate etest by the Chinese State . All these hoops to jump though were the results of decades of hard work and someone is telling my they can't pay a $1000 to get the trading accounts verified and increase their customer base 10 fold ?