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All you need

  #431 (permalink)
 TheRumpledOne 
Tucson, AZ
 
Posts: 413 since Aug 2009



H1 chart with fib projections ( salmon colored dots ).

Notice how price reaches those levels from the past!!

This is as close to having a crystal ball as it gets.

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  #432 (permalink)
 TheRumpledOne 
Tucson, AZ
 
Posts: 413 since Aug 2009


Jeff Castille View Post
OK.... it's been a problem I've had since kindergarten...... "Does not follow directions" LOL

I was thinking support and resistance lines might be the most helpful.... I guess not. So... I simply put the horizontal lines on with the chart properties.... they are totally arbitrary. It turns out that they are spaced 15 points apart. If that makes any difference.

It makes ALL THE DIFFERENCE. Now please space them 10 points apart or you'll receive an "F" on your chart...LOL!

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  #433 (permalink)
 
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 Jeff Castille 
Northern California
 
Experience: Intermediate
Platform: Ninja Trader
Broker: Amp Futures/ Zen-Fire
Trading: YM and CL
Posts: 2,109 since Jun 2009
Thanks Given: 1,783
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All right..... 10 points it is..... I guess if I had done it the way you asked in the first place I wouldn't have had to do it three times !!! LOL and I don't want an "F"

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  #434 (permalink)
 
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 Dragon 
Bellingham, WA
 
Experience: Intermediate
Platform: Ninja
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Hi Jeff,
Where is the CD High CD low indi?

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  #435 (permalink)
 
Jeff Castille's Avatar
 Jeff Castille 
Northern California
 
Experience: Intermediate
Platform: Ninja Trader
Broker: Amp Futures/ Zen-Fire
Trading: YM and CL
Posts: 2,109 since Jun 2009
Thanks Given: 1,783
Thanks Received: 3,303

There you go

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  #436 (permalink)
 Peter2150 
Washington DC
 
Experience: Intermediate
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TheRumpledOne View Post
Hey Pete, never heard of those folks. Where can I read about them? I know, I can search the net...LOL!

From the Market Club traders blog, a review of the book


Quoting 
In the beginning of the book, Mr. Wilder tells a tale about an aspiring trader who is attempting to explain to his young daughter what he is doing. As he shows her his trading screen he tells her that he is buying because the market is going to go up. He is certain of this because special numbers called the Azerhoff numbers are signaling that the market is going to go up. After listening to his explanation, the young daughter replies, “but daddy, it looks like it’s going down to me.” Frustrated, the aspiring trader tries to reassure his daughter that the Azerhoff numbers mean that the market will go up. Again she responds, “It still looks like it’s going down to me.” Eventually, the frustrated trader exits the trade for a loss.
The point of the story, of course, is that all market indicators and theories are secondary to price and even a young child can look at the chart and see which way the price is going. If we are long a market, we profit when we sell at a higher price than we bought, regardless of what the indicators or prognosticators say. Ultimately, it is always price that determines our actions in one way or another. Certainly, we can use indicators to help us anticipate, i.e. be prepared for, changes in trend, but the movement of price alone determines the trend. By learning to see and follow the trend in price, we can come to accept what the market gives us without being overcome by the emotions of fear and greed. Trading can then become an enjoyable and profitable experience.

The daughters name in this fairy tale was Herenow.


Pete

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  #437 (permalink)
 TheRumpledOne 
Tucson, AZ
 
Posts: 413 since Aug 2009


Peter2150 View Post
From the Market Club traders blog, a review of the book



The daughters name in this fairy tale was Herenow.


Pete

TRADE WHAT YOU SEE


Snyder and Mitchell say that the reason autistic people see the pieces of things is that they have privileged access to lower levels of raw information. A normal person doesn't become conscious of what he's looking at until after his brain has composed the sensory bits and pieces into wholes. An autistic savant is conscious of the bits and pieces.

That's why autistic savants can make perspective drawings without being taught how. They're drawing what they see, which is all the little changes in size and texture that tell you one object is closer up and another object is farther away. Normal people can't see all those little changes without a lot of training and effort, because their brains process them unconsciously. So normal people are drawing what they "see," which is the finished object, after their brains have put it all together. Normal people don't draw a dog, they draw a concept of a dog. Autistic people draw the dog.


Some animal behavior is similar to autistic savants: Extreme memory and specialized cognition

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  #438 (permalink)
 TheRumpledOne 
Tucson, AZ
 
Posts: 413 since Aug 2009



O P P O R T U N I T Y

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  #439 (permalink)
 TheRumpledOne 
Tucson, AZ
 
Posts: 413 since Aug 2009


Jeff Castille View Post
All right..... 10 points it is..... I guess if I had done it the way you asked in the first place I wouldn't have had to do it three times !!! LOL and I don't want an "F"

After price made the high of the day, a short at the first line when red candle crossed it made money.

Later... when price was near the high of the day, a short at the first line when red candle crossed it made money.

That's how a red rat would trade.

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  #440 (permalink)
 TheRumpledOne 
Tucson, AZ
 
Posts: 413 since Aug 2009




I will not let the rat beat me.

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