For a "noob" you sure have a lot of posts
I like your mickey mouse ears though - let me think about it
J_S
The TREND is your friend.. The biggest lie ever!
- Thread starter MarketAddict
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For a "noob" you sure have a lot of posts
I like your mickey mouse ears though - let me think about it
J_S
One would need a crystal ball to be able to consistenly pick the highs and lows in realtime.
Although, I imagine one can at least make money in the long run without a crystal ball, and being content with taking a chunk out of the middle out of lots of moves and accepting there'll be lots of losers, too.
I know most on ET like to imply that their magic systems always know where the markets are going and prints money for them, but i'm talking about the 'real world', lol
Can you show the math as you state mathematical, so present the formula.
Or stop misusing terms to give your anonymous self credibility among the anonymous.
surg
Why on earth would he do that? I cannot figure out why it is that so many demand other people to simply cough up information that may have taken many, many years of hard work and losses to discover.
I like you already because you have some good questions ..
To me PBs are not states.. PBs are connected to almost every state this is why I didn't put it on the list.. But if you feel like putting pull backs on the list then I'm cool with that.
Oh really? Care to share?
RN, I always think the market is always out to get us.. So when I trade, I try to put my mind into a person that's trying to screw me over.. I asked questions like...What would he do if he wanted to screw me over? Is it possible that he wants me to believe that there is a trend and then trap me at the top.. so he can reverse the market and take all my money..
Do you get it now? This is how I think.. So when I see the market trending up and then it reverses and wipes out the whole trend.. what else should I call this? I call these fake trends..
It's just the way I think.. You can call them whatever you like..
Another good question.. In my book consolidation is a tight or slim pause.. And a Range is wide and sloppy.. Consolidation happens when the market makes a nice move up or down, and then pause.. Consolidation usually means the market will continue, but sometimes it will reverse too.. A range is usually wide.. And it has extreme highs and lows.. The market could range for the whole day without a trend..
Take a look at my last post.. I have pictures explaining everything.. I'm a day trader.. I look 5,15,30,60 mins charts.. But I trade from the 5 min.. So when I say trend, I mean intra day trends..
I know exactly what you mean.. but for newbies that might be hard to do lol.. What I'm trying to do is to introduce people to another way of thinking.. I want struggling traders to only trade when it's somewhat predictable..
Thats a ridiculous reason. He can redact the critical aspect. The fact is, it has nothing to do with math. He just uses that term to give credibility to the statement.
Instead, shouldn't you be little more logical? It would save you from needlessly hating the world.
Listen, trend isn't formed because someone or some entity is "trying to screw me" behind my back. Trend is formed when the demand outweighs the supply (UPTREND) or when the supply overwhelms the demand (DOWNTREND). In a congestion, both the demand and the supply is more or less even. As such, think of it in terms of who has the upper hand at the moment. I like the analogy of running water flowing through my fingers. You can palpably feel the direction of the flow crossing through your fingers.
Granted, this is easier said than done. Detecting trends ain't easy by all means. What's especially difficult is when you're flooded with questions like "Damn, is this a trend or just another chop?" But there is a way to make the distinction between the two and play both the trends and congestions successfully.
ET has a habit of being vague in an attempt to look smart, it does not really work for everyone, just saying 