Price Drivers

Buy1Sell2 said:
Most folks do not have the skill to read them properly.
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Quite a post by someone with 6-7 CLOSED losers in a row. 3 or 4 in ES and 3 in Crude Oil.

Buy1Sell2 said:
There wil be losses in trading. There will be wins in trading.
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At least the above gibberish is 50% correct. All you produce are losers. You are a dream to be faded. Thanks. 2% TLNW in every trade?. You must be broke by now, if you were actually trading.

"Snailing in and out are SUPERIOR behaviors". franT.
 
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franT said:
Quite a post by someone with 6-7 CLOSED losers in a row. 3 or 4 in ES and 3 in Crude Oil.


At least the above gibberish is 50% correct. All you produce are losers. You are a dream to be faded. Thanks. 2% TLNW in every trade?. You must be broke by now, if you were actually trading.

"Snailing in and out are SUPERIOR behaviors". franT.
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That's a bit harsh. I'm sure you've had just as bad days.

Give the guy some credit for a) being honest about it, and b) still having the conviction to keep going (and give the play-by-play, no less).

I know if I have a day like that, I leave work early to go drown myself at the bar.
 
franT said:
Quite a post by someone with 6-7 CLOSED losers in a row. 3 or 4 in ES and 3 in Crude Oil.


At least the above gibberish is 50% correct. All you produce are losers. You are a dream to be faded. Thanks. 2% TLNW in every trade?. You must be broke by now, if you were actually trading.

"Snailing in and out are SUPERIOR behaviors". franT.
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So easy to spot the rookies! Dude, it's all about the money, win rates are irrelevant.
 
beerntrading said:
That's a bit harsh.
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Maybe reality is harsh. All facts as stated by the "trader". I invented nothing. That he loses is fine, par for the course. It's the 'superior' attitude of a wannabe that really gets to me. The best course of action for me would be to fade him, and be silent about it, but since he has a cult following of 'group-thinkers' I felt I should speak about 'the wizard of Oz'. Probably a mistake.
 
Visaria said:
So easy to spot the rookies! Dude, it's all about the money, win rates are irrelevant.
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Show me yours, if you have a pair.
 

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themickey said:
Is it possible that it's not supply and demand which most often determines price direction but market sentiment?

I often remind myself and others the market will do next what it's least expected to do.

I believe in the long haul supply and demand move markets, but in terms of weeks, sentiment is the driver.
Your thoughts?
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You ask a very tough question...you're asking for The Crystal Ball million-dollar question, :confused: o_O

I can't comment on swing trading time frames, or investing time frames
...but for the day...

You have to consider the previous day's close price, premarket movement, economic reports, how Europe and Asia performed, and draw up some potential support and resistance levels in your mind...and let that all unfold,

And even then, you have to remain calm and flexible,
It truly takes a skilled/experienced (and maybe lucky) trader to succeed in this game in the long haul,
 
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lawrence-lugar said:
You ask a very tough question...you're asking for The Crystal Ball million-dollar question, :confused: o_O

I can't comment on swing trading time frames, or investing time frames
...but for the day...

You have to consider the previous day's close price, premarket movement, economic reports, how Europe and Asia performed, and draw up some potential support and resistance levels in your mind...and let that all unfold,

And even then, you have to remain calm and flexible,
It truly takes a skilled/experienced (and maybe lucky) trader to succeed in this game in the long haul,
More...
In my mind, the shorter the trading time frame, the harder it gets and the more pronounced mean reversion becomes. Trend trading intraday for me is impossible.
 
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