Nothing Beats Price Action, Everything Else is Derivative

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Quote from slapshot:

No, thank you. Because I am not interested in your critique, Mr. Brand-New-To-This-Forum.

And in case you missed it, we are a having a conceptual discussion here, not "mine is bigger than yours".
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Wrong answer, correct answer would be be anything besides price, lags. and whatever you use would expose your vulnerability as a trader.

As far as brand new, wrong again.

NN
 
Quote from slapshot:

And while we are at it, basically there has been two main themes or definitions of PA discussed:

1) Tape Reading (the DOM or T&S) as PA

2) Price Bar Reading (Trend, Pivots, Higher-Highs, etc.) as PA

So there apparently is no one "true price action"

So which one are you defending?


PS Thanks for leaving, Jack. That was your best contribution as usual.
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I am not defending anything.

I am sharing one of the fundamental truths of the market. How a trader chooses to perceive this truth and act on it is up to them.

Get it?

I most definitely am not the one would try to make someone drink. :)


If anyone has any questions, please refer to the lesson on page 22 of the thread.
 
Quote from NakedNote:

Wrong answer, correct answer would be be anything besides price, lags. and whatever you use would expose your vulnerability as a trader.

As far as brand new, wrong again.

NN
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Not only does anything besides price lag, but it can also lie ... oh wait, it ususally the trader that lies to themself! :p

But Price Action never does.



If anyone has any questions, please refer to the lesson on page 22 of the thread.
 
Quote from NakedNote:

Wrong answer, correct answer would be be anything besides price, lags. and whatever you use would expose your vulnerability as a trader.

As far as brand new, wrong again.

NN
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You are brand new to this forum, first registered in this month. Because of that, I am not interested in your critique or what you think about anything until I have seen/read your posts over time.

Unless you are a troll that has had to re-register . . .
 
Quote from slapshot:

You are brand new to this forum, first registered in this month. Because of that, I am not interested in your critique or what you think about anything until I have seen/read your posts over time.

Unless you are a troll that has had to re-register . . .
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Just because he's a longterm term ET'er who is using another alias doesn't mean that he is a troll.

I'll have to ask you to stay on topic and discuss price action or please give another thread the benefit of your wisdom ... LOL. :p

Later,

Jimmy Jam



If anyone has any questions, please refer to the lesson on page 22 of the thread. [/B][/QUOTE]
 
Stock price is intrinsically poised to go up. No further discussion, period, its had this goal since the day of the IPO. By reading its daily action, if there is something we feel that it has made a few efforts to go higher but it seems there is a ceiling or something you feel that it has a difficulty to breathe, in this case please TRUST THAT GUT FEELING.
 
Quote from MandelbrotSet:


A few traders were asking for examples of what I mean about Price Action and how to use it, and I was racking my brain looking for examples to provide them with
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Don't make me regret this.....as my tolerance for ET silliness is about at its limit.....:)

http://www.elitetrader.com/vb/showthread.php?s=&threadid=99119&perpage=6&pagenumber=4

http://www.elitetrader.com/vb/showthread.php?s=&threadid=125517&perpage=6&pagenumber=5

If anyone is so inclined, search my name for more postings on my madness and chart postings. Naysayers without P&L's need not apply. I simply do not care what "works for you;" been there, done that. :) IOW, no proof, no merit.

A quick markup of yesterdays chart.
http://i27.tinypic.com/4l3et.jpg


st
 
Very nice post and nice chart, cheers :D

Quote from Stealth Trader:

Don't make me regret this.....as my tolerance for ET silliness is about at its limit.....:)

http://www.elitetrader.com/vb/showthread.php?s=&threadid=99119&perpage=6&pagenumber=4

http://www.elitetrader.com/vb/showthread.php?s=&threadid=125517&perpage=6&pagenumber=5

If anyone is so inclined, search my name for more postings on my madness and chart postings. Naysayers without P&L's need not apply. I simply do not care what "works for you;" been there, done that. :) IOW, no proof, no merit.

A quick markup of yesterdays chart.
http://i27.tinypic.com/4l3et.jpg


st
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