SunTrader

Anything is possible. But this thread is after all about common sense.

Exactly my point. One can learn slowly through the rearview or quicker out the windshield, For some they don't know this difference and for others can only handle the slower of the two. And for some of us neither choice will be sufficient.

Through a rearview mirror.

Well difference of opinion then. "I've been around longer" too and respect them. No matter the hucksters there are or appear to be. Knowledge gained is valuable however it is gained. I can add this though, for all the early years in my trading education (free from them) that I used to follow them, I never knew them to take swipes at other vendor/teacher/educator's. But I have seen many a pot shot at them.

And they don't look for big winners, period, Market makers are the all-you-can-eat-buffett operators of trading. We can't trade like them so IMHO we should not take anything they do, without testing it ourselves, as an example to emulate. Most of what they do we can't. Also JC is a vendor that also has a lot of market knowledge. Does he try to make a buck off it. You bet. Shocking isn't it.

I was in agreement until you got to aggressive, moderate, conservative. Price doesn't know about the type of trader we are. It doesn't know about point amounts or percentages as well. I set my stops based on price action such as swing highs/lows and EW count. If my count is wrong stop is hit. If my reading of PA and wave count is right stop is kept well away from market until the time is right to tighten. And not just because I have so much potential profit - I might lose. Note: if someone is scalping that is a whole nother ballgame.

Thanks, appreciate the sentiment. I have been on my own path for 15 years now and likely will be the rest of my life. But luck doesn't exist except in the dictionary under the letter L.

Oh I am not looking to learn how to trade. I pick up bits and pieces here and there but follow my own path.

Anyone and everyone that posts on TL including the so-called educators are "retail" traders. Why direct posts this way?

And candlesticks in Japan were around long before Steve Nison popularized them. So? Bollinger brought standard deviation bands to the attention of the masses. Actually a wikipedia gives him credit for inventing them and he got a trademark issued as well in 2011. Probably for being the first to use stdev bands on securities? Don't know. But he is not alone, by any means, in naming a trading technique after himself.

George Carlin says it best as only he can. See youtube for "Arrogance of Mankind" routine. :rofl:

An example would be something that was called The Final Solution.

There are far too many examples to cite where "intelligence" gets in the way of progress. Add: What is going on with some posts, like this one, where lines of text are being truncated?

Haven't bothered to read from beginning of topic? Mentioned a few times already.

Gold Bulls Expand as Billionaire Paulson Buys Metal: Commodities Gold Bulls Expand as Billionaire Paulson Buys Metal: Commodities - Bloomberg Gold traders are the most bullish in six weeks as investors boosted their bullion holdings to a record on concern that economic growth is slowing and after billionaires John Paulson and George Soros bought more metal. Fourteen of 26 analysts surveyed by Bloomberg expect prices to rise next week and six were bearish. A further six were neutral, making the proportion of bulls the highest since July 6. Paulson raised his stake in the SPDR Gold Trust, the biggest gold-backed exchange-traded product, by 26 percent in the second quarter and Soros more than doubled his holding, U.S. Securities and Exchange Commission filings showed Aug. 14. Global holdings reached a record on Aug. 10, data compiled by Bloomberg show. ............. And what has that done for the price of Gold and the volume that is typical for this time of the year? Not much. Still under long term (past 3 months) resistance.

And I agree as well - with emphasis on normally.

Only on the gullible. No need to backtest that.

Bid and ask size, not volume. Most have a histogram showing volume at price, though not at bid/ask levels.

To you maybe. I like my charts uncluttered, other than fib time and price projections.

Momentum is to the downside, accelerating and broke through uptrend TL.

Neither .

This thread is predictable. The markets aren't. But then you don't have to predict to win. In fact it gets in the way of winning. Leave that to the 90 percenters or those who can teach but can't be taught. Huh? Doctors who aren't doctors etc etc. :doh:

So that's why they call Times Square / NYC / 42nd Street "The crossroads of the world"? And here I thought it was just random chance.

Takes a lot more than one up close (an inside bar on below average volume no less) to turn my daily chart bullish.

W D (Gann) 40 perhaps?