Trading For Living - S&P 500 Market.

Quote from Incognito:

A/D reading to -5000, oh wait, there's only 3200 give or take, wonder what the hell this mangina is looking at.

Incognito
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what part of "numbers might be different on your charting software" didn't you understand?
 
Quote from Thunderdog:

So once ADV/DECL gives you a strong reading and price follows, do you just enter indiscriminately at that point, either at the 15 or 30-minute mark? Or do you have specific timing criteria in addition to this directional criteria which is identified at the 15- or 30-minute mark?
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I wait for a certain price action/movement before I get in.
 
Quote from Trading4Living:

No trade today for me since the ADVDEC was hovering around the zero line in the first 30 mins so that's a no no for me.

I trade only the first hour or 2 based on the advdec behavior in the first 30 mins in any day.
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A day full of trading opportunites for people with other methods is wasted by you!!!
How could you sit there watching the market move up and down, offering money, but refuse to take it?
 
Quote from Trading4Living:

what part of "numbers might be different on your charting software" didn't you understand?
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What the hell you talking about, there are a limited number of equities in the NYSE. I don't give a shit if you are using Mangina Charting for Dummies the fluctuation should be minimal. You spoke of a number as high of 6000 NET, when the exchange has about half of that, TOTAL.

Incognito
 
Quote from OldTrader:

You got a few things to learn. Price action is definitely valuable. I use it myself. But everything else is not worthless.

Rather, there is a whole variety of things that provide context to price action. If you don't understand the context then you are basically doomed to chasing ticks around.

You're right....price action will tell you when a turn is at hand, sometimes well before the A/D says anything. Of course, price action will tell you of some little piker turn as well, which had you known the context of the market you might have ignored. In fact, you might have used that small contra-trend move to establish or add to a position.

By the way, there are times when the A/D is definitely telling you a specific direction. Price action won't go for long against the entire market unless something changes in the A/D.

OldTrader
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A/D is a seriously lagging indicator, when you see your number coming up, the trend is largely over. That's why I find the chart in the opening post ridiculous: entering a reversing red bar, sat through an opposite color bar...Any normal trader would have got out, except me, I never exit without a profit:D
 
Quote from Trading4Living:

I wait for a certain price action/movement before I get in.
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You are a liar!

You said you based your trades on A/D, that's why I didn't comment on your first chart.

Now you say you wait for price action/movement (by the way, action and movement mean the same!), then your entry and exit do not make sense!
 
Quote from OldTrader:
...there is a whole variety of things that provide context to price action. If you don't understand the context then you are basically doomed to chasing ticks around...

OldTrader
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I wonder if you could elaborate a little more on what other things provide context to price action please. I use sector's relative strength, QQQs, adv/dec ratio, etc...

J
 
Quote from 4DTrader:

A day full of trading opportunites for people with other methods is wasted by you!!!
How could you sit there watching the market move up and down, offering money, but refuse to take it?
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not every method catch every move.. I said before that I trade in trending days and since that day was going up and down then good look to other methods

I am happy with my humble method as long as it's consistent.
 
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