Price Action. Please clarify something for me

[porgie]

i am always astounded by gthe answers i see on these forums......i see why 99.9% of real traders are not working for themselves............

 

[Cheese]

Quote from porgie:
cheese.............not even close............breakout trading is dumb and dumbest..

You need to wake up because you haven't got the faintest idea. You don't even begin to know. And in your incoherent ramblings, you can't even write a complete sentence.

 

[nononsense]

Quote from cnms2:

By confirmed reversals I mean that I see a setup and an entry in the opposite direction of the old trend. Until then I give it the benefit of the doubt to be a retracement, and I wait it out.

Retracements offer lower money making velocity and higher risk, than resumes in the trend's direction.

Let's resume:
Ya need to know the old trend;
Ya need to spot them confirmed reversals;
Ya need not to be fooled by doubts about retracements.
If ya still happen to have problems with spotting the TREND, old or new, simply search for "TREND" on ET.

PS: liberally sprinkle with MM as required.

Hope this helps.

 

[BSAM]

Quote from Cheese:

You need to wake up because you haven't got the faintest idea. You don't even begin to know. And in your incoherent ramblings, you can't even write a complete sentence.

Gotta go with the big Cheese on this one.

 

[ProfLogic]

Quote from nononsense:

Let's resume:
Ya need to know the old trend;
Ya need to spot them confirmed reversals;
Ya need not to be fooled by doubts about retracements.
If ya still happen to have problems with spotting the TREND, old or new, simply search for "TREND" on ET.

PS: liberally sprinkle with MM as required.

Hope this helps.

Let me add a few:

Ya need to know what to look for;
Ya need to devote time to personally confirm what you see;
Ya need to read retracement for their strenghts and weaknesses;
and you have to approach the learning process with an open mind . . . .

know this doesn't, but thought I would post it for you anyway.

 

[porgie]

writing has nothing to do with trading..........that is a red herring.......

 

[porgie]

as with most forums this one is also an ego puffing contest more than a trading forum.......when one understands trading has nothing to do with one's level of intelligence, writing abilities, proper speech, personal appearance, and all the other misconceptions, then one can make progress, if he is the lucky one out of 100 that makes it in this business........i contend it is much fewer than that...........if u can't sacrifice a few years studying and enormous number of hours , SAVE YOUR MONEY AND LET A GOOD MUTUAL FUND HAVE IT, OR SOMEBODY ELSE WHO HAS SOME TENACITY..........AND WORK ETHIC..............

 

[ProfLogic]

Quote from porgie:

writing has nothing to do with trading..........that is a red herring.......

Well put! When thread respondants become intimidated . . . red herrings begin to spawn.

 

[cnms2]

Quote from nononsense:

Let's resume:
Ya need to know the old trend;
Ya need to spot them confirmed reversals;
Ya need not to be fooled by doubts about retracements.
If ya still happen to have problems with spotting the TREND, old or new, simply search for "TREND" on ET.

PS: liberally sprinkle with MM as required.

Hope this helps.

 

[cnms2]

Quote from ProfLogic:

Let me add a few:

Ya need to know what to look for;
Ya need to devote time to personally confirm what you see;
Ya need to read retracement for their strenghts and weaknesses;
and you have to approach the learning process with an open mind . . . .

know this doesn't, but thought I would post it for you anyway.