Price TA... Trade What You See!

Scataphagos

Scataphagos

Here's another example... "Sell Resistance". This is a "matched high" in the NQ... 2nd arrow.

And please, no whiners with your "this is bullshit unless you post your trades in real time". I didn't get this trade... occurred overnight while I was asleep. Whether or not I got it is irrelevant... it was there for anyone to get if they were following the markets as the setup occurred. I'm sure some of the traders in Europe got it.

Monday.PNG
 
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Scataphagos said:
Here's another example... "Sell Resistance". This is a "matched high" in the NQ... 2nd arrow.

And please, no whiners with your "this is bullshit unless you post your trades in real time". I didn't get this trade... occurred overnight while I was asleep. Whether or not I got it is irrelevant... it was there for anyone to get if they were following the markets as the setup occurred. I'm sure some of the traders in Europe got it.

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You come off as a day one newb in a stonks Meetup.
 
Scataphagos said:
Here's another example... "Sell Resistance". This is a "matched high" in the NQ... 2nd arrow.

And please, no whiners with your "this is bullshit unless you post your trades in real time". I didn't get this trade... occurred overnight while I was asleep. Whether or not I got it is irrelevant... it was there for anyone to get if they were following the markets as the setup occurred. I'm sure some of the traders in Europe got it.

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Scat,

Thanks for continuing to post interesting charts. They're always thought-provoking, even for those of us who don't normally use this kind of TA.

These posts are some of the best content on ET right now, IMHO (despite the "boneheads" stuff). @themickey just posted several charts that challenged readers over in the thread by @wxytrader and @theapprentice and @Laissez Faire and others have been posting interesting charts in the ES Journal recently. These are perfect content for a trading forum and much appreciated.
 
This type of TA reminds me of a guy who use to draw 4 lines on any blank chart by just looking at price on the right. Days, weeks and months later those 4 lines would become S/R

Moral of the story is if you draw enough random lines, most will become S/R in the future.
 
Whatever floats your boat. I remember a trading book saying market/price just does its thing and we interpret it whatever we think/believe. There’s no right or wrong.
 
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