So the data that comprises the chart is meaningful but not the chart itself? If you get a channel break up or down and it hold for 5 mins, is that a trade?
Surf's Special Situation Journal
- Thread starter marketsurfer
- Start date
- Status
Just remove the word "chart" from your trading vocabulary and you will be much further ahead. i regret posting a chart seeing the confusion and misinterpretation it has caused some noobs and wannbes. i have never met a succesful chart based trader, nor have i ever seen any evidence of one, not to mention zero academic studies revealing an edge via charts. once again, my posting of a chart was merely to illustrate my words--nothing to do with trading decisions, numbers, or data. surf
PS- read my mentor's victor niederhoffer practical speculation and william gallacher winner take all for a deeper understanding of this idea.
Folks,
Price Drivers have shifted slightly to the short side for the short term. We have entered short @13295 with tight stops at 13310-- as the PD conviction bias level isn't 100%--
YM March
surf
Price Drivers have shifted slightly to the short side for the short term. We have entered short @13295 with tight stops at 13310-- as the PD conviction bias level isn't 100%--
YM March
surf
according to my price driver ta ym will touch 340-360 from 280 before you get your sell off.
ok, let's go do what happens. thanks for the clear and easy to follow analysis but I bet you are wrong. surf
closed short at loss. flat YM
Quote from marketsurfer:
ok, let's go do what happens. thanks for the clear and easy to follow analysis but I bet you are wrong. surf
+50 already
good thing TA does not work
PD' remaining short biased here-- re-entered short at 13310 march YM --holding. surf
No change in Price Drivers. Holding shorts from 13310 march YM
surf
surf
- Status