Watch for 50% retracement in the S&P

Quote from flatron:

oh. :( lol
Well, even if one trades 'what is hapening' they must still have an idea of what they 'think will happen' otherwise they would never take a trade!?
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there is a difference in trading what you think will happen based on what is happening

vrs trading what you think will just happen
 
i am not going to answer any q about this


but if you can understand these charts then you can make money every single day


this is just one example ---and not the best one for that matter

most will see nothing in these charts

you would be surprised what the charts say to you once you understand the language they speak

forget fibs

forget trends

they don't matter

all that matters is what is happening

everyone has been brainwashed and cant see the obvious right in front of their eyes


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Quote from TheMan:

there is a difference in trading what you think will happen based on what is happening

vrs trading what you think will just happen
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Of course there is , You trade with trend and you can go counter trend .. You can be profitable with both , as long as you read the chart right and most importantly you are disciplined and do not assume anything.
after so many years, this comes as the highest priority in trading to me..
.make a decision, get in , put your stop order and trail the winners... """
 
Fib is an utter waste of time.

Like the kid said in the movie "6th Sense."

"I see Dead People. They don't know they are Dead. They see what they want to See..."
 
last post i will make on this thread


it is so stupid and simple that a 2nd grade child could do it

but after all the bull shit that everyone has been exposed to and what they "think" they know causes them to be blind


indicator this indicator that

fibs

trend

blah blah blah

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Quote from madmaxer:

Of course there is , You trade with trend and you can go counter trend .. You can be profitable with both , as long as you read the chart right and most importantly you are disciplined and do not assume anything.
after so many years, this comes as the highest priority in trading to me..
.make a decision, get in , put your stop order and trail the winners... """
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everyone does it different

for me

i could care less what the trend is
 
Quote from madmaxer:

IT means that at this price I do not want to initiate a new trade, I only open a new position if the price goes 20- 30 point lower or higher and I will fade it since I am anticipating that ES will fluctuate in a range of 100 150 points for awhile ... I believe that the straight going up time is over,, we are going to be in a side ways movement for a while...

My plan is also a half load position , not more than 6- 10 point stop.....
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With fading you mean buying on a pullback or selling into a rally?

I think the problem with that is: In a huge move you often won't get in because there is no pullback or rally.
On the other hand when the trend breaks you get in for sure only it is at the wrong side.
 
Quote from madmaxer:

IT means that at this price I do not want to initiate a new trade, I only open a new position if the price goes 20- 30 point lower or higher and I will fade it since I am anticipating that ES will fluctuate in a range of 100 150 points for awhile ... I believe that the straight going up time is over,, we are going to be in a side ways movement for a while...

My plan is also a half load position , not more than 6- 10 point stop.....
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this in my opinion is a great answer,,, a trader with a plan.

But is this trading what is happening or trading what you think will happen?
 
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