Nothing Beats Price Action, Everything Else is Derivative

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Quote from riskfreetrading:

because all you can provide is a fart (in an astronaut's suit, which is still a fart) :D
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Ok, I guess that was supposed to be humor. Good JOB!!!
 
Quote from riskfreetrading:

The original poster does not seem to understand this:

1. What is new in his head does not mean that it is new to the area of knowledge.
2. Pure price action (in the absence of a precise definition) is a nice expression but it may mean different things to different people.Therefore it is fuzzy.
3. If what the OP means by price action the same definition as the one used in Joe Ross (who by the way is just repeating what another guy wrote before him), you are absolutely WRONG when you state its relation to TA, indicators, etc.
4. There are mathematical proofs that show that most (if not all) indicators are equivalent, and what you seem to refer to as price action (as in Joe Ross, and all the other bunch) is equivalent to a SIMPLE MOVING Average. That simple moving average is not visible to you, but it you were to read/understand it the way you should, and decide moving average you should use then price action provides nothing new except to you. What seem to be new is that you do not understand a simple moving average deep enough, which moving average to use (they keep changing), and the relationships between MAs, among MAs and among/between other indicators.

All the TA stuff (indicators, price action, price inaction, and what have) provide multiple views on the object to be seen:

To see the object now and in the future, you need to:

1. Sit in many places or every where (translation: use the relevent tools until you reach the state of mind that you see the object clearly).
2. Once you get the object in clear view, then you need to be good in kinematics or something related to that field to anticipate the trajectory of the object, and/or
3. An underlying model in your head that explain what the market is doing.

You do not need to be correct a 100% in the above. Enough accurate is enough.
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sound like great points to me, yet it brings out a bunch of personal attacks on riskfree... and he attacks back.... ad nauseum

how about everybody makes peace and we try to have a fruitful discussion?

I know what I am suggesting is stupid. But I just felt like saying it anyways. :D
 
Quote from riskfreetrading:

Mandelbroset:

In your above post you confuse many things:

1. You indicate that something is new knowledge because it is not in the head of (some of) the people who responded in your thread. That is incorrect, and was the precise point of my above note. New knowledge can exist in a documented form, and may not even exist in any heads (except the inventor who may be buried in a tomb by the time someone like you reads it).

You just proved my point in my post that new knowledge for you means new in your head or the head of others in this thread. That is called "your learned it for the first time". That is not what new knowledge means. New knowlege means something that was not known to humans across all time, and some guy came up with it.

2. Show me one chart/example in which your learned something, and I will show you that same thing that can be learned using another tool.

In other words, explain what "pure price action" is, and then show just one example in which "pure price action" can lead to one thing which cannot be learned without it.

I will be waiting for your example.
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This is how it is folks.

You start a thread, trying to point the newer traders in the right direction and save them from the bullshit artists, hustlers, scammers and glory hound seekers, and what do they do.

They come on your thread, start talking trash and try their damndest to disprove your simple, forthright, logical statements.

Well OK, "riskfreetrading" came on here, talking as-if he has all this knowledge (and I don't) and demanded that I post a chart showing what I mean by PRICE ACTION.
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Well here you go. Here's a Short trade that riskfreetrading put on becauase his superior analysis (LOL) told him it was the correct thing to do.

He's currently underwater (and that's using the NDX) ... if he were trading the NQ's he'd be feeling the pain and looking for the exit.

What Not to Do
 

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Quote from shortie:

sound like great points to me, yet it brings out a bunch of personal attacks on riskfree... and he attacks back.... ad nauseum

how about everybody makes peace and we try to have a fruitful discussion?

I know what I am suggesting is stupid. But I just felt like saying it anyways. :D
More...

Sorry Shortie, I know you do not deserve reading what I wrote when it is less civilised. I will hold it.
 
Quote from HolyGrail:

Ok, I guess that was supposed to be humor. Good JOB!!!
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I can say that you have a good sense of humor. I will give you credit (you gave the part about holding the breath and you deserve credit) :)
 
Quote from shortie:

sound like great points to me, yet it brings out a bunch of personal attacks on riskfree... and he attacks back.... ad nauseum

how about everybody makes peace and we try to have a fruitful discussion?

I know what I am suggesting is stupid. But I just felt like saying it anyways. :D
More...
Hey shortie, I just gave riskfreetrading what he was asking for, and I used his own shitty trade as a perfect example of why you should never trade against price action.

As far as I'm concerned, for him and for all the readers of the thread, the conversation is over. :cool:

I realize that you're new, but hey, good trading. :)

P.S. Next
 
Quote from shortie:

sound like great points to me, yet it brings out a bunch of how about everybody makes peace and we try to have a fruitful discussion?

I know what I am suggesting is stupid. But I just felt like saying it anyways. :D
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When one uses arrogance to give advice it rarely has a positive effect. When that arrogance is totally unfounded it makes it even worse. If someone like Atticus or Rearden Metals came across as arrogant in a thread I wouldn't have a problem because they at least have the track record to be arrogant should they ever choose to be so.
 
Quote from HolyGrail:

When one uses arrogance to give advice it rarely has a positive effect. When that arrogance is totally unfounded it makes it even worse. If someone like Atticus or Rearden Metals came across as arrogant in a thread I wouldn't have a problem because they at least have the track record to be arrogant should they ever choose to be so.
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it is possible that he is simply arrogant. it is also possible that when he is trying to stimulate a discussion he comes out arrogant. it is possible that he has a good track record that would have justified his arrogance or perceived arrogance had it been known. it is possible that he has no record...

he did make quite a few IMHO good calls so I don't mind listening to him.
 
I never wrote that the action of OP to start this thread is not good. I noticed the repetitive statements and uses of expression that are not even defined. I expressed my opinion, and posed questions. Is not that what a forum is for?

Those who feel that I am attacking: I am raising questions on your posts, not on you personnally. Can't you differenciate between yourself and your posts?

Maybe I should just stop posting.

PS:

If someone wants to follow/judge my trades/trading, I have been posting my exact entries/exits/size when I trade EUR/JPY here. I post my trades live. There are a lot of trades in there for sometime now. You can make your conclusion on your own.

http://www.elitetrader.com/vb/showthread.php?s=&threadid=122521&perpage=6&pagenumber=110
 
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