What is price action (to you?)

This is a discussion on What is price action (to you?) within the General Trading Chat forums, part of the Reception category; Originally Posted by ymonly if joe ross said all entries are stupid he is slipping....... I'm sorry I said that. ...

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Old Aug 10, 2006, 5:54pm   #46
Joined Nov 2001
Quote:
Originally Posted by ymonly
if joe ross said all entries are stupid he is slipping.......
I'm sorry I said that. I cannot find anywhere that says that he did say it. I take it back.

http://www.trade2win.com/boards/show...ghlight=stupid

I got it off this page. Post 429. It's fair comment, though.

Split
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Old Aug 10, 2006, 6:55pm   #47
 
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Quote:
Originally Posted by Splitlink
I'm sorry I said that. I cannot find anywhere that says that he did say it. I take it back.

http://www.trade2win.com/boards/show...ghlight=stupid

I got it off this page. Post 429. It's fair comment, though.

Split
For those who trade the "Ross hook" simplistically, yes, it's a fair comment. But it hardly applies to all entries everywhere.

Db
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Old Aug 11, 2006, 9:50am   #48
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Quote:
Originally Posted by dbphoenix
For those who trade the "Ross hook" simplistically, yes, it's a fair comment. But it hardly applies to all entries everywhere.

Db
I'll accept that- from you- but my problems with volume still persist from way back!

Regards

Split
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Old Aug 12, 2006, 3:16pm   #49
Joined Nov 2005
price action is movement of price fueled by buying and selling activity........which is random.........although the price movement each day creates "familiar/repetitive patterns"........springboards, pennants, etc.......it exists each day within a basically familiar framework that with enough observations, can provide high probability yet low risk entry points....or edge.......for instance support resistance.......i have no doubt db can recognize the ones that don't fail....before the s/r point is hit......that is a set of skills acquired thru "enough observations".......the ultimate skills for me is no lines on chart recognizing best opportunities as price action creates them....IMHO
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Old Aug 12, 2006, 4:07pm   #50
 
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Quote:
which is random
why is it random?
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Old Aug 12, 2006, 4:47pm   #51
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Because a different set of buyers sellers are trading ...just my ignorant opinion...gleaned from mark douglas book....makes sense.....but the randomness does not affect my approach..actually is irrelevant.......as my entry signals are based on enough studies to have confidence in them to do what they promise and when they fail I have the stop loss set where it usually is set....also tested and proven high probability.......... i have confidence in the strategy....emini daytrading only.........forgive the blather.......respectfully
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Old Aug 13, 2006, 2:54pm   #52
 
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Hi all

I am not too sure if this will be useful, but I find it usefull personally.

I like to trade price itself than to rely so much on indicators etc. Personally, i find the course notes from trend dynamic quite useful. Many times the foundation of plotting lines remain subjective, but the notes at TD explained all. Any traders attended the TD course too?

Regards,
HT

Last edited by barjon; Aug 13, 2006 at 3:29pm. Reason: removed url sig
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