Son of If You Can Draw a Straight Line . . .

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no offense taken rn but db doesn't usually resond to my questions and I do have to disagree with you because what I was talking about with the lower high and the lengths of the waves most certainly does have to do with price action
 
Don’t plan on posting much more of my crap… but what about stocks

Is the pre/ post mkt range of value

Do the same principals discussed here, and in the mother ship thread – work

Is it even possible to find low risk setups

Maybe I’m simply after the fact cherry picking

I’ll leave it to you to be the judge

Green dashed lines = post (yesterday after the close) / pre (today before the open) range


RN
 

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Quote from slugar:

no offense taken rn but db doesn't usually resond to my questions and I do have to disagree with you because what I was talking about with the lower high and the lengths of the waves most certainly does have to do with price action
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I don't dislike your questions, but what you want to know can be found in the wave material at TL. Investigate. Read. Study. Observe. Hypothesize. Don't expect me to do for you what you're capable of doing for yourself.
 
Quote from Redneck:

Don’t plan on posting much more of my crap… but what about stocks

Is the pre/ post mkt range of value

Do the same principals discussed here, and in the mother ship thread – work

Is it even possible to find low risk setups

Maybe I’m simply after the fact cherry picking

I’ll leave it to you to be the judge

Green dashed lines = post (yesterday after the close) / pre (today before the open) range


RN
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I really couldn't tell you. I stopped trading stocks in '98 because I was tired of being surprised and wanted something that traded 24/7. I trade ETFs now, but only off daily charts. I'm not obsessed enough to try to daytrade any of that.

Be that as it may, this approach isn't about setups, beyond the retracement, reversal, and breakout, if one could call those "setups". Rather it's about determining the trend of the market, etc, as detailed in the first post, then letting price lead you around by the nose once the session begins. Even if the stock gaps, it's still up to the trader to be open enough and flexible enough to be led rather than fight price every step of the way.
 
Quote from slugar:

I do have to disagree with you because what I was talking about with the lower high and the lengths of the waves most certainly does have to do with price action
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Lower high, hmmm, now let me think;

Could be made

by sellers bum rushing buyers
buyers not present
after a hell of a battle between the two
neither present and price futzing around


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What something is – is not so important

How that something was made/ came to be – is all important

RN
 
Quote from Redneck:

I'm just havin some fun

RN
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Don't play 6 8 off-suite unless you're a natural like Dwan. Always play time-tested premium hands like Doyle, Helmuth (Stu Unger?)
Don't ask who Doyle is or what premium hands are. A google search will probably give you everything you need. Do your home-work, keep stats.
Always try to read what other players are thinking. When you get good at this, you will start playing other people's hands and not yours.

Is that what I'm hearing?

Just curious !
 
Quote from pokito:

Always try to read what other players are thinking.

When you get good at this, you will start playing other people's hands and not yours.

Is that what I'm hearing?

Just curious !
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No need to google

Never do I play another’s hand – that’s out of my control

But, and based on what they’re holding – I play my hand to their determent

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Btw, comparing gambling to trading is a disservice to trading imo

And here’s why


http://www.elitetrader.com/vb/showthread.php?s=&postid=3569259&highlight=gambling#post3569259
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For the record – I was not intentionally/ purposely posting set ups last night – unfortunately it came across that way

My apologies

RN
 
Quote from Redneck:

No need to google

Never do I play another’s hand – that’s out of my control

RN
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Relax, I was just trying to have some fun.
Obviously you don't see the parallels between poker and trading.
btw, it is considered gaming these days and one can play poker for free - so there is no question of gambling.

Have a good weekend RN !
 
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