Put these charts on your wall for reference the next time you think… Something is “oversold”

[ironchef]

If you find that your observations are not working with respect to PA, then you are simply not there yet. Unless you can see the future, all pertinent data is lagging but if PA doesn't have to replicate but just rhyme to formulate a trade plan with positive expectancy...it takes the time it takes. For most of it it took years.

Can you kindly explain to me what exactly is price action?

Thanks.

 

[speedo]

Can you kindly explain to me what exactly is price action?

Thanks.

Simply the behavior of price through time observed technically. As you know there are many ways to interpret and forecast said behavior through patterns, fib, wave structure and so on.

 

[ironchef]

Simply the behavior of price through time observed technically. As you know there are many ways to interpret and forecast said behavior through patterns, fib, wave structure and so on.

OK. Thank you for your response.

Regards,

 

[qxr1011]

Something is “oversold” or “at support” and has to go back up…

charts would not help

what will help is an understanding that all working methods are based on the probabilities in trader's favor, which does not mean that that each case will work out in trade's favor

 

[Buy1Sell2]

Put these charts on your wall for reference the next time you think…

• Something is “oversold” or “at support” and has to go back up…
• 

• Something is “overbought” and can’t go higher…
• 
  
  
• It can’t go to 0…
  
• 
  
  
• • It is certain to default…
  • 

Singularly useless.

 

[Buy1Sell2]

Thanks. All TA are lagging and predictions seemed to be just like extrapolation, sometimes they work but most time they don't.

False and misleading.

 

[ironchef]

False and misleading.

Care to explain and correct my false and misleading statements?

Not trying to argue or debate, just want to understand your view.

Thanks.

 

[murray t turtle]

So what should I use to trade?

%%
Fidelity Capital Markets/General Haggerty likes a 200 day moving average, even though he warned they[ institutions] may not admit that LOL.
Also factor in your own personality; for example if you like cons like bitcon/bitCoin or insane priced tulips; prefer tulips , @ least you have something fragile to enjoy, for a short time.
Some have paid over 200 time face value on old coins, no con; something done @ auction, would not call that insane, mostly; even if he never gets his money out of it.NOT a prediction; nor was i suggesting you pay an insane price for plants.

 

[Overnight]

...

Short term trading whether days...a few weeks...or a day..an hour..or minutes has the potential to compound profits that longterm trading (months) cannot. Every PB is an opportunity for compounding. Hurst discusses these concepts.

Yet I look at the AAPL chart over it's lifetime and shake my head. This is seriously long-term, sure. But somewhere in there people started making money longing this monster, even on the short-term. Imagine getting in on this at $1 per share before it's meteoric rise. UG!

https://www.google.com/search?sourc....1.64.psy-ab..6.7.1136.0..0i131k1.KgEfhwAW2Fo

 

[murray t turtle]

Care to explain and correct my false and misleading statements?

Not trying to argue or debate, just want to understand your view.

Thanks.

%%
I buy + sell, even though i have a different nickname; its not a bout prediction @ all. Even thoug SEPT tends to sell off in DIA/DOW .... NOT a prediction