On the fundamentalism of PA traders

Quote from fearless9:

Why not just answer his question.

regards
f9
More...

Two reasons.

1) The answer lies in the previous post, I did explain what kind of non lagging indicators I use, it can also be seen in the recent charts I have posted in the forums. If he is so inclined to play investigator he can do some investigating on his own.

and

2) Because ultimately I decide who deserves a reply and who does not.

Anek
 
Anek,

The only failing you've displayed lately is deciding that fearless deserves one. I'm sure that was an unpleasant decision though.

Fearless, you truly are a wit (add whatever you wish in front to get a valid meaning).
 
Quote from kiwi_trader:

Anek,

The only failing you've displayed lately is deciding that fearless deserves one. I'm sure that was an unpleasant decision though.

Fearless, you truly are a wit (add whatever you wish in front to get a valid meaning).
More...

Kiwi, you are a ****wit for pissing on Fearless. Insert anything you want for ****. And it's nice to see you kiss Anek's behind, I bet you liked it.
 
Quote from kiwi_trader:



Elite trader is really a sandbox anyway. Somewhere that people come to thro a bit of shit at each other. Contrast my behaviour here with my behaviour at T2W or TradersLaboratory. This place is just fun. Find an idiot. Hit him. Kick him if he offers the chance.

Fearless, you truly are a wit (add whatever you wish in front to get a valid meaning).
More...

Kiwi,

Your original comment (above) struck me as out of character from your normal postings.

regards
f9
 
Here's a question - why do PA traders use charts? After all, it's not a true representation of price action. How many are willing to trade only by watching the price.
 
Quote from Cutten:

Here's a question - why do PA traders use charts? After all, it's not a true representation of price action. How many are willing to trade only by watching the price.
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Cutten

Golly you are being playful with a question like this on a quiet premarket Monday.

In a word ... sanity, my sanity.

True, I could watch ES RTH on a one tic range chart and thereby proudly announce to the world that I was a true disciple of PA, but you would have to take me out a shoot me after an hour or two.

regards
f9
 
I was sorta around this question in my first two posts; that charts are lagging indicators of price action as well and as much representations as the hated indicators. However, S/R and TLs are mainstays of PA trading and you kinda need charts for it. As I understand it some drawing tools are okay since they are thought to be synchronous or leading indicators whereas my comfort blanket - the beloved MACD - and its buddies are lagging.

TLs and S/R on mental images of tape action ... wow! You can throw me into the same padded cell as Fearless after 10 minutes, but ... man ... that would be trading!

:)

Smurf
 
Quote from Smurfie:

I was sorta around this question in my first two posts; that charts are lagging indicators of price action as well and as much representations as the hated indicators. However, S/R and TLs are mainstays of PA trading and you kinda need charts for it. As I understand it some drawing tools are okay since they are thought to be synchronous or leading indicators whereas my comfort blanket - the beloved MACD - and its buddies are lagging.

TLs and S/R on mental images of tape action ... wow! You can throw me into the same padded cell as Fearless after 10 minutes, but ... man ... that would be trading!

:)

Smurf
More...

In essence Smurfie, every analysis you carry out, with or without indicators is lagging simply because you are reading history and learning from it.

Now if you enter a limit stop based upon the pattern of behaviour that you have isolated, then you are now ahead of PA.
If you are filled and your T&S is showing big orders filling in behind you then hopefully you will go from Smurf to Surf as the new price wave carries you into profit.

regards
f9
 
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