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

Ya gotta be truthful with yourself, difficult I know.
Why all the complications of multiple indicators, multiple S/R levels, multiple trend lines, when a simple moving average will do the job?

Now knowing you guys well you'll jump to the wrong conclusions about that statement.
Why complicate matters is the point.
Fibs and PA is a load of bs if you think the answer is in reading those tea leaves.
 
themickey said:
Anything and everything can work. How much effort do you wish to apply?
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As my dear ol dad taught me as a wee child, he said: "Son, wish in one hand
and piss in the other and tell me which one gets full the quickest."

It matters not how much effort I WISH to apply now does it.
No.
I apply enough effort.
 
themickey said:
Institutions are laughing their fucking asses off at you guys with all that shit strewn across your charts.
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Lotsa PA traders trade naked charts with nothing strewn on them, lol.
I suspect that lotsa institutions have fitty and 200 ma on their charts, don't you think so too, mick?
Do your stats, and leave the tea leaves to the lazy donators. After you done with that fine cuppo tea that iz.
 
easymon1 said:
Lotsa PA traders trade naked charts with nothing strewn on them, lol.
I suspect that lotsa institutions have fitty and 200 ma on their charts, don't you think so too, mick?
Do your stats, and leave the tea leaves to the lazy donators.
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Yep, the mass believe in 50 & 200MA's and so they work - to a fashion.
PA may not have lines all over the shop, but you are still the blind being led by the blind.
 
How can a PA differentiate an insto trade from a retail trade?
They can't!
Retail traders muddy the water and fuck up the TA / PA.
 
themickey said:
Yep, the mass believe in 50 & 200MA's and so they work - to a fashion.
PA may not have lines all over the shop, but you are still the blind being led by the blind.
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Do you tend to badmouth the method in leu of directing your wrath toward the sloppy practices of those who "wish" to know how to use a method?
If they refuse to practice due dilligence in learning how to use their tools and the helicopter money is no longer floating down from the Bernanki's of the world, that ain't the method's fault.

On one hand you got a method, PA for example.
On the other hand you have the universe of humans who may practice a method to one degree of effectiveness or another.

Are you just using the poor work habits of a subset of it's "practitioners" as an excuse to bitch and moan about the method, e.g. PA? That would be a falacious illogical argument, no?
 
themickey said:
but you are still the blind being led by the blind.
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Common sense tells us to Believe none of what we hear.
Due dilligence tells us to do stats on the method.

If you want to be led, there are plenty of PT Barnums out there to take your fool ass. Who doesn't know that?

You trying desperately to blame that on the method?
Silly, notion that would be.
Just as silly as trusting that website to "take their word for it."
 
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The blind leading the blind comes back to; TA / PA is a trading method which follows signals.
Where do those signals originate?
They come from a plethora of sources and intent.
Attempting to decypher logic from that, to follow a flawed hodge podge of signals, many who are flawed themselves, well, kind of flawed isn't it?
 
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