Tape Reading Renaissance

[Drawdown Addict]

Charts don't need a time variable, also incorrect.

View attachment 325965

Another useless argument? Try to understand what every column in a market profile is ma´dear.
They are divisions or half-an-hour normally

 

[M.W.]

For entertainment, gambling, and fun... yes you are correct, that's all you need, to take this business and career seriously and be long-term successful you need more.

Hello M.W.,

Thank you for the example and discussion. Very thoughtful.

But I still have the question for you:

1. What does this have to do with me starring at the chart with my eyes, and clicking the Buy and Sell Button to make profits day to day? I am not being funny when I say this but I can care less about Big Professional Traders, Algos, Dark Pook, Pink Pool, Exhcange venues, delayed reporting, rig markets, Scam markets, Theives, Gangsters, Trump, Biden, Policies, hidden cost, Broker Scammers, Trading Scammers, Latency, MM, fast algos, slow algos, hedge funds, and ALLLLLLLL that other fancy stuff.


What does any of this have to do with me, starring at the chart, and clicking the Buy and Sell button and making money per the risk I take?

Who cares about all that stuff, ALL I need is a Buy Button, Sell Button, and Chart with green and red bars?

I hope the market stays rigged or scam or whatever else you call it. What do my black ass care for. Just keep them ticks moving 23 hours a day.

 

[M.W.]

Not necessarily. I posted a chart that reflects an entire trading day's worth of publicly accessible data without time on either axis. xaxis = volume, yaxis = price

Another useless argument? Try to understand what every column in a market profile is ma´dear.
They are divisions or half-an-hour normally

 

[SimpleMeLike]

For entertainment, gambling, and fun... yes you are correct, that's all you need, to take this business and career seriously and be long-term successful you need more.

Hello M.W.

More of what? And long term. LOL, who wants to wait long term to get rich? NOONE!!!

As long as my orders get filled when I click that buy and sell button, who cares about that order junk? Junk = hidden orders, order flow, algos, the BIG professional traders, hedge fund, this and that and this and that. Forget all that crap!!

Its about the money man. Forget all that algo crap. They not giving me an algo, so what do I care what algos are doing. Good for the algo people, I hope they getting rich everyday trading. Hope they doing illegal things to get paid too, I wish I can join their team to get rich too in whatever they doing. Good for them. I do not care.

I am the damn Professional Trader, I want and will be rich like them too. And as long as the CME stays open for business, I can be rich like them too.

So whats the big deal?

 

[M.W.]

You have a lot to learn. Remeber at least this: every time you get filled quickly means you got short-changed and someone on the other side just made money off you. Enough for today, gotta move on.

Hello M.W.

More of what? And long term. LOL, who wants to wait long term to get rich? NOONE!!!

As long as my orders get filled when I click that buy and sell button, who cares about that junk?

Its about the money man. Forget all that algo crap. They not giving me an algo, so what do I care what algos are doing. Good for the algo people, who they getting rich everyday trading. Hope they doing illegal things to get paid too, I wish I can join their team to get rich. Good for them.

 

[SimpleMeLike]

You have a lot to learn. Remeber at least this: every time you get filled quickly means you got short-changed and someone on the other side just made money off you. Enough for today, gotta move on.

Hello M.W.,

I do not have anything to learn but to keep it simple. LOL, what more is there is to learn? Stare at the chart, and look for edge, click buy and sell button.

You guys keep worrying about what other traders and firms is doing, WHO CARES. All that matters is what we are doing.

I do not care if someone made money off me, what do I care for? Good for them, I hope they make more money off of me. Can I change it? NOPE. As long as my orders get filled and my PnL shows green, ALL that other stuff worrying about orders and algos is a waste of time and energy for us SERIOUS retail traders.

 

[SimpleMeLike]

Remeber at least this: every time you get filled quickly means you got short-changed and someone on the other side just made money off you.

Hello M.W.,

What does this have to do with my PnL on the trade?

What do I care if I get short changed? Did my order fill at the price I want it to fill at, that is ALL I care about.

The other side can keep making money off me, its all good with me.

 

[MarkBrown]

as one of the 5 licensed market profile vendors "i don't sell any longer" here is TPO and the Value Areas plotted on a true non time based Kase 5 point range bar 24 hour chart.

 

[murray t turtle]

I agree with this assessment. When one actually starts to catalog, track and use all those "intuition" things, it actually very concrete and codable. Also I think people cannot organize and manage on a conceptual basis how they interrelate, let alone how to code them.

Add to that and it is just a lot of work, like 1000 hours of work to JUST get into the thick of it.

I think a lot of people are simply too lazy or greedy (def: wanting something they do not deserve or earn).

The so called "edge" is working hard for years grinding, testing, improving, stepping back, evaluating, epiphanies and repeating. There are a lot of ways to make it work but they all have this in common.

Emotions in trading are not for me, neither is daily-weekly fatigue. Those are my weakness and I accept them.

%%
LAZY is more easy to measure than greed. Lotto , fits lazy, greed + stupid tax on people that cant do math.
Glad to see someone besides my CPA likes just numbers, numbers in a row or numbers on TaX forms
THAT could be a good thing, some think delayed data is useless; WSJ paid $275,000,000 for IBD.
Obviously WSJ did not think all that IBD delayed data[100% delayed data] is useless.
Unless one counts occasional earnings planned announce.