Nothing Beats Price Action, Everything Else is Derivative

[shortie]

Quote from shortie:

buy @stop order for DIA @126.7 (high for the day 126.65).

crap, I jinxed it again. dropping like a rock already (order not filled, by the way).

Ok, I will try for the downtrend.

 

[MandelbrotSet]

Quote from shortie:

crap, I jinxed it again. dropping like a rock already (order not filled, by the way).

Ok, I will try for the downtrend.

You've proven that you can't define a trend and don't know how to trade (which interestingly enough, is a good way to learn how to trade - and one that many new traders indavertently do, except they run out of money before their lessons are complete), now go make your paper-trade calls someplace else.

 

[Avi 8]

Quote from bighog:

i have no idea what i was trying to get across....

Finally, some truth outta hogbatter.

 

[shortie]

Author Message
MandelbrotSet

Registered: Dec 2007
Posts: 1716

Oh I see

Stop posting your calls on my thread dickhead.

__________________
...
05-22-08 11:12 AM

now, this is not nice...

 

[MandelbrotSet]

Quote from shortie:

now, this is not nice...

Do it again and more will come ... believe me, I said it and I meant it.

... and in the future, you should try to limit your live calls to your riskfreetrading alias. :eek:

 

[shortie]

sell @stop SPY @138.95 (just below the low of the day 139).

maybe I should start my own thread?

 

[NakedNote]

Quote from smilingsynic:

Floor trader pivots are magnets, not necessarily final destinations.

Smilingsynic,

I know what you mean, but the whole magnet theory is a bias I don't want.

Best of luck.

NN

 

[MandelbrotSet]

Quote from NakedNote:

Smilingsynic,

I know what you mean, but the whole magnet theory is a bias I don't want.

Best of luck.

NN

I've had to learn this lesson myself the hard way.

Too many missed opportunities.

 

[smilingsynic]

Quote from NakedNote:

Smilingsynic,

I know what you mean, but the whole magnet theory is a bias I don't want.

Best of luck.

NN

It is not about bias.

It is about answering the questions "Where does price seem to want to go?" and "Where does price seem to NOT want to go?".

If those questions cannot be answered, then there is no reason to take a trade, because that is characteristic of a choppy market.

 

[NakedNote]

Quote from smilingsynic:

It is not about bias.

It is about answering the questions "Where does price seem to want to go?" and "Where does price seem to NOT want to go?".

If those questions cannot be answered, then there is no reason to take a trade, because that is characteristic of a choppy market.

There are many different ways to skin the cat so I'm not going to argue over styles.

You gotta do what works for you.

However, I react to only one thing, price.

I'm glad you do well with floor pivots, I do well without them, no harm done, glad it works for you.

NN