Trading the SLA/AMT Intraday

[Gringo]

The SLA doesn't use volume. Perhaps you could take a break from being a Nomadic CryptoPundit and learn something about what you're doing.

I'm beginning to think this B1Sell2 is a bot. Same message is repeated on different occasions.

 

[fortydraws]

One thing that might help anyone who is doing observations rather than trading is this: When price I trading into a level, and you think you should be watching for a reversal, minimize your chart and just watch the bid/ask. When doing so, keep in mind the figure at the high (so you'll be conscious of being below it). Very often, you can see the market flip (such as was the case today at 64.75).

I should amend this to say "switch to the bid ask, but focus on the offer." This is always the most relevant to me because it determines whether buyers are willing to advance into the market or whether they are instead withdrawing.

 

[Buy1Sell2]

I'm beginning to think this B1Sell2 is a bot. Same message is repeated on different occasions.

What you need to recognize here is that this simple trend line technique is being clouded as being some complicated system that requires intense study. There is absolutely nothing of extra or immense value being shown here---This is just simple trend line analysis, nothing more. --Need to realize that. --Your main edge will come from capital and the prudent use thereof.

 

[dbphoenix]

What you need to recognize here is that this simple trend line technique is being clouded as being some complicated system that requires intense study. There is absolutely nothing of extra or immense value being shown here---This is just simple trend line analysis, nothing more. --Need to realize that. --Your main edge will come from capital and the prudent use thereof.

So why not show some evidence of your trading prowess? Last night you were looking for "a good long entry" but was "willing to take a short if it presents itself". Apparently nothing satisfactory ever presented itself since you never posted an entry. Are you instead devoting yourself full time to trolling?

 

[fortydraws]

What you need to recognize here is that this simple trend line technique is being clouded as being some complicated system that requires intense study. There is absolutely nothing of extra or immense value being shown here---This is just simple trend line analysis, nothing more. --Need to realize that. --Your main edge will come from capital and the prudent use thereof.

Why not start a journal of your own where can demonstrate and explain this insight to all those who may be interested, rather than imposing your view and inserting yourself into the journals of others who may, and in many cases do hold a different view from your own? Continuing as you have is nothing short of boorishness. And though this is the internet, and I though I have finally learned to expect the worst from most people on the internet, it is still really unpleasant to witness this from the you over and over and over again.

 

[Gringo]

What you need to recognize here is that this simple trend line technique is being clouded as being some complicated system that requires intense study. There is absolutely nothing of extra or immense value being shown here---This is just simple trend line analysis, nothing more. --Need to realize that. --Your main edge will come from capital and the prudent use thereof.

You're right about straight line being simple. It's only a crutch while one's learning to see price in a different way. Whether it's valuable or not depends on how one chooses to use it.

As to having capital first to make more capital, what difference does having a lot of capital make if one can't make small capital grow? If the criteria for making profits is to already have large capital then we wouldn't have those rags to riches stories.

Size may give more options but what exactly is "prudence"? One needs to know what to do in advance to be called prudent in hindsight. There are scores who have lost their fortunes and scores who have gained it. The point of learning to trade is to grow whatever one has into something larger.

The straight lines are nothing advanced or superior. People can make money from indicators if they so choose. For those who prefer advanced stuff, there's plenty to pick from. For some straight lines may be suitable and for others only a waste of time. The beauty of freedom is that it gives one the choice. How one chooses to act has a great deal to do with the eventual outcome.

Gringo

 

[fortydraws]

So why not show some evidence of your trading prowess? Last night you were looking for "a good long entry" but was "willing to take a short if it presents itself". Apparently nothing satisfactory ever presented itself since you never posted an entry. Are you instead devoting yourself full time to trolling?

You know what they say,

"Those who can, Trade. Those who can't, Troll."

 

[dbphoenix]

Why not start a journal of your own where can demonstrate and explain this insight to all those who may be interested, rather than imposing your view and inserting yourself into the journals of others who may, and in many cases do hold a different view from your own? Continuing as you have is nothing short of boorishness. And though this is the internet, and I though I have finally learned to expect the worst from most people on the internet, it is still really unpleasant to witness this from the you over and over and over again.

Actually, he did (http://www.elitetrader.com/et/index.php?threads/es-journal-2015.288816/), though I've missed the display of his trading prowess. Probably my fault.

 

[Buy1Sell2]

You're right about straight line being simple.

The straight lines are nothing advanced or superior. People can make money from indicators as well. For those who prefer advanced stuff, there's plenty to pick from. For some straight lines may be suitable and for others only a waste of time.

Gringo

Finally someone is beginning to understand. The point is that the system can be learned in vitually no time and doesn't need to be complicated with over-analyzing and over-trading.--It is at it's core simple trend line analysis.

 

[dbphoenix]

Finally someone is beginning to understand. The point is that the system can be learned in vitually no time and doesn't need to be complicated with over-analyzing and over-trading.--It is at it's core simple trend line analysis.

Sorry, no. But thanks for playing our home game.