The Trouble With Scribbles

Here is a chart posting from a scribble student going through forward testing via replay right now. I am not calling this chart up as a personal shot, but just as a demonstrative tool. I think that it's very telling that the horizontal scribbles on the chart ( and in the next one that I post) really don't have a lot of bearing on the trade decisions, but really take a back seat to the more dynamic diagonal lines. In fact, the horizontal probably should be totally removed.
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As can be seen here, as it was in the prior posting, the more dynamic diagonal lines take precedence. The horizontal scribbles do not have any relevance to trade decision making.
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Here is the 5 min chart of NQ today. You can see that a buy signal is created hours before NY open and the RSI grail is more of continuation here rather than as a buy as it was on the 15. The 5 minute chart shows the reversal unmistakably and could have been exploited as a short with trailing stops.
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I must have missed where any of this was pointed out in real time, much less in advance.

Key words: "could have been".
 
Posted yesterday evening:

As for Auction Market Theory, those who have read the material ought to be able to state, now, the most likely level price will reach tomorrow or the next day. Not the guaranteed level. The most likely level. Or even levels.

No response so far, which is unfortunate since we have plunged to 4387.
 
Wow, these folks truly believe that thry can make money by looking at past price charts most traders outgrow this notion early. Some never learn, i guess.

Maybe there are a few intuitives that can do it. I have no idea. They do seem obsessed with showing the world they can do it with non- stop claims, charts, and posts.

An easy way to show this working is to post a video of the chart as the trades are taking place. This is a simple procedure done with free software--- this would at least show that the proponents of the auction market theory and or price action can do it.

We will never see this because what is being posted is pure fantasy supporter by wordy psychobabble.

Come on, prove the real trading world wrong. Let's see a real time video of this method in action for just a couple of hours..... Here come the personal attacks, excuses, and all sorts of cop outs.

The Likely excuses--

1. The critics should do it not us

2. I dont have the time.

3. I dont make claims.

4. I dont know how to do it.

All truly weak excuses.

surf
 
An easy way to show this working is to post a video of the chart as the trades are taking place. This is a simple procedure done with free software--- this would at least show that the proponents of the auction market theory and or price action can do it.

Which has been done, which few people pay any attention to, which are soon forgotten. After 15 years, you ought to know that. Posting the trading opportunities in advance is more effective in both the short and long terms, at least for those who know what's going on. If one knows the rules and applies them, there's nothing particularly difficult about any of this, especially for a beginner.

What would be even more interesting is for you to post exits for your "price driver" entries as well as entries for your exits. Now that would be something to see.
 
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