rod178 said:Correct, good that someone decided to point that out.
Actually Market Structure can be objectively defined, this powerpoint presentation may help. There is also a video. I like Linda Raschke , she is a straight shooter.
http://www.lbrgroup.com/images/Earthquake%20Fundraiser/TradeManagementStrategies.ppt
the golden gun said:So if Aug.25 wasn't a market structure shift, how come the low formed on Aug.25 still hasn't been penetrated?
Hmmm?
Reality trumps theory every time.
rod178 said:The power of the Retrospective Trader never fails to impress.
rod178 said:I have the video upon which the Powerpoint Presentation is based. I'll upload it later.
:thumbsup: :thumbsup: :thumbsup: :thumbsup: :thumbsup: :thumbsup: :thumbsup: :thumbsup: :thumbsup: :thumbsup: :thumbsup: :thumbsup: :thumbsup: :thumbsup: :thumbsup: :thumbsup: :thumbsup: :thumbsup: :thumbsup: :thumbsup: :thumbsup: :thumbsup: :thumbsup: :thumbsup: :thumbsup: :thumbsup: :thumbsup: :thumbsup:the golden gun said:Wow, you're a library of trading videos. I guess you assume that if you have enough videos, you'll eventually become profitable? lol
Piper said::thumbsup: :thumbsup: :thumbsup: :thumbsup: :thumbsup: :thumbsup: :thumbsup: :thumbsup: :thumbsup: :thumbsup: :thumbsup: :thumbsup: :thumbsup: :thumbsup: :thumbsup: :thumbsup: :thumbsup: :thumbsup: :thumbsup: :thumbsup: :thumbsup: :thumbsup: :thumbsup: :thumbsup: :thumbsup: :thumbsup: :thumbsup: :thumbsup:
Sry for the spam ,but this deserves it! ;D Only 90% of this place do that..
-P
the golden gun said:Wow, you're a library of trading videos. I guess you assume that if you have enough videos, you'll eventually become profitable? lol
Hiding behind the credibility of other traders. It's a fair strategy, but don't knock me for being my own trader and sharing my actual thinking and trading setups. At least I'm not constantly referring to other people, hahaha
rod178 said:OK - for tomorrow stalk a Long Cable 16575. Obviously being the retrospective expert that you are you'll get the timing right after tomorrows NYC.
Piper said:Forecast time!!!!! Just to screw both of you i'll short it tomorrow around 1.663-4ísh , or not depends whats gonna go on tomorrow!
G'night..
-P
the golden gun said:6575, eh?
There's some real juicy stops below 6560 that I guess you can't see.
I assume you're pulling the same obvious fib that I am. Don't expect it to get past 62%?
Even when a run to 78.6% (@6558) could take out those juicy stops?
It's only Retrospective from your perspective. It's all Live for me and my account. 8)
rod178 said:"Don't expect it to get past 62%?" really?
Fibs are merely a toy. I do not enter trades based upon Fibs.
Stops. - Actually the big ones are further down than that.
the golden gun said:Well good luck with whatever you do use. If your setup turns out well, maybe you could outline your setup with a chart or two, so people can see what you enter your trades based upon.
That would be a great learning experience for everyone.
AusDoc said:All good stuff from Linda. Strictly traditional TA with matter-of-fact insight from the trenches. Good resources Rod. Libraries are good things!
rod178 said:OK - for tomorrow stalk a Long Cable 16575.
rod178 said:I just use Price based Horizontal Support and Resistance with Timezones, to (probably) tag along with Institutional Order Flow. I have an open mind on the worth of Sam Sneiden etc.
Whilst I am happy to sometimes share tools I do not believe that making trading predictions or retrospectively curve fitting techniques, as actual entries, will help anyone. All have to find their own way through the jungle. Most will be eaten along the way before they possibly find the Elephant Burial Ground, natural selection at work. Maybe a sharper knife, rather than more knives, will increase the survival rate.The puerile bickering (both of you), as well as multiple nonsense graphics/icons, does not assist anyone. If you find the material posted on the Supply and Demand thread tedious and elementary, simple, do not read or post on that thread.
Here is the Rascke video, doubt that she would put up with either of you, maybe I'm simply too forgiving.