Right NOW is a classic time to understand and trade "Price TA"

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You can lead a horse to water, but you can't make him do reliable stats. lol

Want some practice?
Here's an age old setup with black and white answers to the Morse questions.

A Setup.
https://elitetrader.com/et/threads/...t-right-here-baby.335635/page-18#post-5309309

Morse
https://elitetrader.com/et/threads/...solid-trading-plan.340340/page-4#post-5031706

If you are not inclined to go this route, good. lol
Somebody gotta donate.
 
Whoa,wait one minute..Scat publicly replied to me a while back that he took first place in the U.S. Investing championships..It may have been in the "fund" division,I dont really recall...

Was Scat a one hit wonder????

Is he a legend in his own mind??



destriero said:
scat is broke and living off the wife’s SS. This thread is a satirical cautionary tale.
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SimpleMeLike said:
I remember growing up, and a local Church pastor came to the neighborhood trying to preach to drug dealers and hustlers about stopping their crimes for making money and destroying the community at the same time.

I recall one drug dealer approaching the Church pastor directly and saying in a high tone aggressive violent voice.

"Man, shut your fucking mouth right now, unless you telling me how to make the same amount of money I am making now, before I whip your ass right now and leave now"

The pastor left instantly and never returned. I felt bad for pastor at the time. But now I am older man, and I do not feel bad for the pastor thinking back.

I learned something very valuable from that scenario and that is "If you can not show a grown man how to make money INSTANTLY, then shut the fuck up" Talking is stupid when it comes to making money. Prove it or shut up.
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That's a funny story. Thanks.

This is the reason I will never create at thread on ET trying to help members, I will show someone how to make money with my own bank account first, so they can listen to me. No-one listens to someone that never made money trading. Now once I get to 100 ES contracts trading daily, I will post a thread to motivate others showing my bank account to inspire other ES traders to keep on working hard. But I will never give a way my secret of how I am directly doing it unless I have like $5 million in my account, and no debt. Show my account of $5 million from trading the ES should be enough motivation how it is done and let the trader go work hard to do it.

I do not think it is good to give trading advice, unless you making serious money yourself. We can discuss theory, but it is not good to send traders down 100 rabbit holes.

One of the things, I always not like about ET forum, is too much talking and theory and less showing how to make money INSTANTLY,
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I agree 1000% times 1000 raised to the 5th power.

As a rule of thumb those who preach the most here know the least and those who know the most keep to themselves. I think that's a safe belief that would benefit many to adopt. Don't trust what anyone here says if you can't verify it on your own through testing and logic.

My basic assumption is that most people posting here are full of sh*t and those few who ain't, well, maybe they're still not as good as they'd like you to believe.

Giving very specific trading advice unless you're not printing money yourself or have not accumulated substantial profits is simply the blind leading the blind and a disservice to your fellow man.
 
SimpleMeLike said:
"Man, shut your fucking mouth right now, unless you telling me how to make the same amount of money I am making now, before I whip your ass right now and leave now"
More...
There's another unfortunate aspect of trading forums. One will attempt to subtly give clues on an aspect of trading in order to get people to think another way, but you are hit with a barrage of criticism.
Some people are so stupid and arrogant, they just can't take advice, they feel threatened by others with more experience.
Hence it's folly to instruct because the thanks you get are insults.

I remember years ago attending TA classes (Transactional Analysis) which was psychology lessons on how people behave, the very senior tutor repeated frequently "The rescuer becomes the victim".
 
taowave said:
Whoa,wait one minute..Scat publicly replied to me a while back that he took first place in the U.S. Investing championships..It may have been in the "fund" division,I dont really recall...

Was Scat a one hit wonder????

Is he a legend in his own mind??
More...


A lie. Same with@handle123. When asked to produce their name (privately) that corresponds to an actual winner -> picks a name off the leaderboard -> name is found on a web-search and contacted -> denies posting or reading ET.

scat's name (from bowling) is known and was never seen on any USIC leaderboard. Complete fabrication.

The dude who doxxed scat is ET's Deep Throat and I will not divulge. Deep Throat's real initials are SC and he's my bud and has been on my chat-server but I will never tell. You decide for yourselves.
 
Here are the facts the way I see it.
PA & Fibs (recent thread discussion going on) have a wee bit of merit but not a great amount.
Some advantages but they also carry a good proportion of disadvantage.
Like any following, it can and will lead you down the garden path.

A simple moving average will give you as many benefits depending on how you apply and is far simpler to apply.
Note: I don't use moving averages.
 
SPY_Barchart_Interactive_Chart_01_29_2023.png

Here, 5MA, buy the rising, sell the falling.
Nothing complicated, better and easier than fibs or PA.
But it's not a system I use, the point being why complicate trading with PA & Fibs when you can use a simple MA?
 
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