Look - No TA

counter_violent

Legendary member
11,269 3,005
Even TRO gets a mention....he got a hard time on here from those who believe in FA and TA ....funny how the membership hardly talks about either of those disciplines these days :LOL:

There is actually a lot more to this type of approach than simply popping a line on the chart and trading short below or long above. The line simply represents a starting point. It says nothing at all about the more important issue of price framework, ie , the section of price charting that is of interest in terms of stop and possible take profit levels...in other words, trading frame of reference.
 
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neil

Legendary member
5,167 748
Line in the sand !

There is actually a lot more to this type of approach than simply popping a line on the chart and trading short below or long above. The line simply represents a starting point. It says nothing at all about the more important issue of price framework, ie , the section of price charting that is of interest in terms of stop and possible take profit levels...in other words, trading frame of reference.

I think you have not read or viewed much of the material. But you may be right and of one thing we can be certain is that nothing here or elsewhere on T2W or similar sites, will give one the grail of trading. You still have to decide when to get in, at what level you realize you are wrong, when to take profit, rules to trade by and, above all, an unflinching belief in yourself. We are all individuals so one mans meat may be another mans poison. That being so, I would not dare to say your method (whatever it is) can be any better or worse than someone else s. My own approach, after many moons, was to take a little bit here and there and make them into my own approach and dumping much TA mythology along the way. That said, it is interesting to chew the fat over ideas one comes across during the course of one's reading, and evaluating the responses generated.
I will look in upon his thread later in the year and see if he survives or dies the death of a thousand stop outs:D
 
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Forexmospherian

Legendary member
39,928 3,301
I think what gets me Neil on some of these guys is that they just cannot read price - simply because they have not spend time ( 1000's of hours ) on live charts - and they just do not understand trading efficiency - at best they are all new to intermediate traders - keeping it simple and they will be happy with simple results - ie a bit of of profit - ie 30% per annum on a retail size account and they think they have won the pools.

Still - we are all different as traders and as people - so if they are happy with their results - let them carry on - will they survive ? .......... - only after they improve


Regards


F
 

counter_violent

Legendary member
11,269 3,005
I think you have not read or viewed much of the material. But you may be right and of one thing we can be certain is that nothing here or elsewhere on T2W or similar sites, will give one the grail of trading. You still have to decide when to get in, at what level you realize you are wrong, when to take profit, rules to trade by and, above all, an unflinching belief in yourself. We are all individuals so one mans meat may be another mans poison. That being so, I would not dare to say your method (whatever it is) can be any better or worse than someone else s. My own approach, after many moons, was to take a little bit here and there and make them into my own approach and dumping much TA mythology along the way. That said, it is interesting to chew the fat over ideas one comes across during the course of one's reading, and evaluating the responses generated.
I will look in upon his thread later in the year and see if he survives or dies the death of a thousand stop outs:D

I spent all last night reviewing the thread and vids and came to the conclusion that the chap is sincere in his approach to trading and that following his approach would be profitable.....there are elements missing however, which would turn him from competent trader with a workable plan to stella performer.
 

Splitlink

Legendary member
10,850 1,234
I think you have not read or viewed much of the material. But you may be right and of one thing we can be certain is that nothing here or elsewhere on T2W or similar sites, will give one the grail of trading. You still have to decide when to get in, at what level you realize you are wrong, when to take profit, rules to trade by and, above all, an unflinching belief in yourself. We are all individuals so one mans meat may be another mans poison. That being so, I would not dare to say your method (whatever it is) can be any better or worse than someone else s. My own approach, after many moons, was to take a little bit here and there and make them into my own approach and dumping much TA mythology along the way. That said, it is interesting to chew the fat over ideas one comes across during the course of one's reading, and evaluating the responses generated.
I will look in upon his thread later in the year and see if he survives or dies the death of a thousand stop outs:D

I've spent many years trading as a pastime, without large sums of money being involved. Perhaps, that is my problem. I am not hungry enough!

What I've learned over this time is that it is as you say, a question of being your own man. Most of these charts and ideas, and I have posted some, are just ideas to share with others. I have picked up lots of titbits that have improved my trading, especially in the early days.

In the end, though, one is on his own and never, ever, ask an opinion of a trade that is in progress. That can lead to dithering.
 
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timsk

Legendary member
7,601 2,376
I think what gets me Neil on some of these guys is that they just cannot read price - simply because they have not spend time ( 1000's of hours ) on live charts - and they just do not understand trading efficiency - at best they are all new to intermediate traders - keeping it simple and they will be happy with simple results - ie a bit of of profit - ie 30% per annum on a retail size account and they think they have won the pools.

Still - we are all different as traders and as people - so if they are happy with their results - let them carry on - will they survive ? .......... - only after they improve


Regards


F
FoMo,
You're suffering from mission creep. I venture to suggest there isn't a single person amongst the 300k+ T2W membership that hasn't read your views about the amount of screen time and number of trades needed in order to become proficient at least ten times. You can be as boring as you want in your own threads, but please stop doing it in other people's!

If you've not done so recently, study the Community Constitution. Then read, mark, learn and inwardly digest the following point:
1.9 Don't post the same message more than once, in different forums.
Better than that, adopt it as your personal mantra!

Thanking you kindly,
Tim.
 
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