More Price TA... and if you give me any shit on this, I'm going to say "go fuck yourself"!

[tradertweets]

news & events can move the chart into a direction, which is not observable in it right now.

however, daily price action, is of course often binned to the patterns in the chart.

but what do you know from it?

you know where S/R and trendlines are,
you don't know if OR when price will go there.

its still news or macro economic based
(or volume if you will).

then, those S/R come into play...

trading with no news, not high vol, not much participation makes no sense.

timing is the A and O in trading.

frankly, a total beginner can make a lot of money, when he is there right at the right time.

people lose money, because they trade at the WRONG times.

therefore, scanners or news are so important.

(unless you are a 1 min scalper )

 

[Peter8519]

When a group is trending, then it's a stronger signal than a single stock.
Here is a current example, a snap shot of Banks - Regional. Most of the stocks in this group are trending up. This chart is mainly for observing trend and price is intentionally left out.

 

[tradertweets]

When a group is trending, then it's a stronger signal than a single stock.
Here is a current example, a snap shot of Banks - Regional. Most of the stocks in this group are trending up. This chart is mainly for observing trend and price is intentionally left out.

View attachment 344712

That's a great image.

But how do you make use of it, when you are too late to the trend...

wait, countertrend? - can be dangerous
get in, ride the wave? - can be even more dangerous (as too late)

 

[SimpleMeLike]

This is classic "Resistance". Only a fool would question...

Price TA...
"Buy Support
Sell Resistance
Chase breakouts
Trade with stops..."

I've brought it to the board's attention at least 100 times!

View attachment 344654

It doesn't matter what you think, hope, fear, analyze, want, wait for, etc... it's "all in the chart". TRADE WHAT YOU SEE AND DISREGARD ALL ELSE!!

That's "Price TA". KISS, baby!!

If you still "don't get it", likely you never will!!

(For those who want to give me grief on this, FUCK OFF! This chart is FACT... not subject to question.)

If you benefit from my posts, you can show gratitude by donating a few $$ to a local no-kill animal shelter. If you don't know of one, you can check out "The Max Fund", Denver, CO. They are swamped with dogs and cats that need homes and can use whatever support you care to provide.... and for which they and I thank you!)

Good Morning Scataphagos,

I agree 100% with you.

There is no other way to trade besides TA.

All other ways is too much work and take too long to discover, and I do not want be 70 years old "Just Now Figuring It Out".

Whatever the price tell me to do today, I will do it.

In other words, I enjoy being a Dumb ES Day Trader, and just focus on winning for the day until I get Rich ($2 Million) and then quite the ES Day trading business.

Because I know the longer I stay trying to figuring out the Day Trading the dumber and poorer I get.

Also, TA cost me nothing, it is free. All other trading books and courses cost too much money.

So yes, I just stick to TA and enjoy my life.

Algos is good too, but that takes time and energy too, and must be a good programmer.

 

[Peter8519]

That's a great image.

But how do you make use of it, when you are too late to the trend...

wait, countertrend? - can be dangerous
get in, ride the wave? - can be even more dangerous (as too late)

Since the majority of the stocks in the group are on the uptrend, it has a higher probability of the trend to continue. It says nothing about timing of getting in or out.

 

[themickey]

Since the majority of the stocks in the group are on the uptrend, it has a higher probability of the trend to continue. It says nothing about timing of getting in or out.

Yes that's right, the majority of stocks heading one way portends trend direction, until the next minute when it all begins to change. Brilliant!

 

[Peter8519]

Yes that's right, the majority of stocks heading one way portends trend direction, until the next minute when it all begins to change. Brilliant!

Granted that no method works all the time.

 

[SunTrader]

Here are some more lines. The difference is these are drawable without a time machine. Notice how just as many S/R are broken as held. Not saying S/R is not there. One needs way more to get an actionable trade setup, as it happens. That is why you ALSO need excellent trade management, because S/R fails often.

So which are the ones to use? Some are more obvious than others. Point is that one needs estimate which will hold and which won't and if they break is it a test, head fake or an actual break.

View attachment 344661

I use Tom DeMark's TL's 4 rules for trading or fading the break.

 

[SunTrader]

Since the majority of the stocks in the group are on the uptrend, it has a higher probability of the trend to continue. It says nothing about timing of getting in or out.

I would say, if a majority of similar stocks are trending one direction .... a majority of them are likely to continue in that direction.

But then ask, do traders trade a majority of stocks?

Not likely, at least not on the retail level.

If that is the case it still comes down to what the particular stock they are trading does.

 

[Badkarma]

This is classic "Resistance". Only a fool would question...

Price TA...
"Buy Support
Sell Resistance
Chase breakouts
Trade with stops..."

I've brought it to the board's attention at least 100 times!

View attachment 344654

It doesn't matter what you think, hope, fear, analyze, want, wait for, etc... it's "all in the chart". TRADE WHAT YOU SEE AND DISREGARD ALL ELSE!!

That's "Price TA". KISS, baby!!

If you still "don't get it", likely you never will!!

(For those who want to give me grief on this, FUCK OFF! This chart is FACT... not subject to question.)

If you benefit from my posts, you can show gratitude by donating a few $$ to a local no-kill animal shelter. If you don't know of one, you can check out "The Max Fund", Denver, CO. They are swamped with dogs and cats that need homes and can use whatever support you care to provide.... and for which they and I thank you!)

yay for dawgs!!!!!