Love your post. I know there are big fish playing games, I'm just curious if there is a whale doing much of the heavy lifting (and in this case recently, dropping.)
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Should we look at recent price action behavior to forecast direction?
- Thread starter sjain100
- Start date
Cut the crap. You don’t have to thank every post. Just use the like. It’s almost seems like your getting paid to brown-nose. In addition,non of these guys you follow have any money to trade,it’s all Fugazi including the head putz, B1S2.
Thanks, for your astute comment.
Definitely agree with 'trade what you see'
I spent years trying to find an exact holy grail way of trading that would bring me riches and it just didn't work, worst of all, I was manually back testing by scrolling back on the charts with a pen and paper at my side jotting down what could of would of happened if x y and z , what a nightmare and a headache.
To new traders I would say be selective about your entry points but especially your stop loss orders, I think because most educational material be it books or online is generally nearly the same idea, you do end up with bunches of stop loss orders at particular levels which are like pools of liquidity for the huge financial institutions.
When most traders are buying at a support level, the big banks end up buying from those buyers that are now selling to stop their losses so they get it at a discounted rate.
I don't know if that is deliberate or if its just because their positions are so huge the automatic matching system that brings the buyers and sellers together just automatically takes the price down a bit further.
It would definitely be interesting to know how the matching system works though, i mean the exact ins and outs of it right down to the programming language of it. I know it is an international network. in forex I think they call it the interbank communication network.
Thank you for lining out the indicator constituents.
Highly notable outcomes derive from feral.
Domesticated assumptions are no guarantee.
That chart I posted up there was expanded, vertical up to 11 on the interesting part. The irfanview link is there in case someone wants a free image software download.
Have you reverted to feral or were you never domesticated in the first place?
Great cartoon. Yes and no. For stocks and futures, it's 100% derived from instincts and one thing leading to another over the years [for better or worse]. But my original background was options arbitrage so initial instincts were developed from experiencing market moves and pit atmospheres for a number of years before that.
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3rd friday week is usually up in SPY, down in NQ\QQQ so far looks like a bear \down trend for both as of 1:36,CST.........................................................................................I like monthly candles also not that i would want draWdowns like that on all my positions/LOL
Hello sjain,
The best you can do is stare at the chart and give it your best guess on the trade outcome and hope you are right the next XXX to XXX,XXX thousands trades of your life.
Well stated mikeriley,