Is there an echo in here?
Maybe he doesnt know how to use the quote button O_____o;
Is there an echo in here?
It took me a while to figure out the impact of scaling out on average price.
Maybe he doesnt know how to use the quote button O_____o;
pardon me yet I still not understand what is this thread for and why you writing this all up?
if trading was exoteric anyone who attained certain level of widely available knowledge would become profitable , if on the other hand trading is esoteric and cannot be understand through reason only, the outcome of a trade imminently mirrors the state of your skills, or the level of your exoteric knowledge?
Knowing the answer to that why would you start this thread? my concern...
Is the 'information' how I'm presenting it widely available? .
As far as exoteric and esoteric, there aren't any secrets m8. That's the secret.
Hi nomeaning,its like a ****ing conceptual art - nothing ever comes out of it
I am afraid it is.
I would have been more impressed if .....
Hi nomeaning,
That's just your perception - which is fine for you - but it certainly doesn't apply to everyone. Ditto with your perception of this thread. If you're not impressed with its content or direction, why not start one of your own and see if you can do better?
Tim.
I am afraid it is.
barjon was banging about it last year
its like a ****ing conceptual art - nothing ever comes out of it
I would have been more impressed if you rather challenged yourself and show us a live trade 4hrs by 4hrs even if it would take a month
or answer the question if you bored enough:
when u see 4h pin bottom forming, the zoom in on the 1H, see the price go up , pullback a little, then shoot up previous high. Do you put your stop below recent low or the prior to most recent?
cheers
nunrgguy, please don't be discouraged. This thread's been really useful - helped me to look at things in a new way... Thanks!
Why do you say momentum is subjective? Can't it be measured precisely since it is the rate of acceleration in price or movement?Momentum is a subjective thing but consider inside a four hour pin bar signalling a short, does it contain 1 large 15 minute up bar followed by three small down 15 minute bars. Does that look like downward momentum? It looks like a pin bar but it's fooling you.
It is a well known fact that floor traders gun the stops and laugh about it. However, if any significant move must be made or inniated by "smart money" instead of normal market forces supply/demand..people..etc then the market IS manipulated every day as Taylor claimed it was. He also said the same manipulation is repeated and repeated in cycles. It is discernible. This could lead to "how" to discover the manipulation and capitalize on it. Which is really part and parcel of what you are talking about in the thread, I suppose.Right 'smart money' and 'dumb' money and big money and small money.
It takes a lot of money, a lot of orders to significantly move a market. If a market has been moving one way for a while, then stops and turns is big money or small money doing that?