Abde

No by price action I don´t mean chart analysis in the classical sense like trendlines, support and resistance or chart patterns. . It´s meant towards understaning the market structure where the most price/volume action will be occur and where the market tends to react in one way or the other.. To be named here as an example is a understanding and the applicability of market profile. Also helpfully is the use of an VWAP and his standard deviation bands. To your question - How does one act savvy? To make a long story short, by buying and selling at an appropriate point when the majority is doing the opposite. To be able to do that you have to know the major decision points in the market and have them on your chart. The rest is peactice.

Hi Gumotion, Ok I will be honest. If you want to be successful, forget all you wrote regarding quantitative finance, algorithm trading, fundamental- and/or technical analysis or reading any books. Trading is all about the proper numbers on your chart as well as good conditioned volume informations. Besides this you just have to understand the basics of reading price action. The most important though is your angel of view to the market and to view it as it is, namely a place where groups of people with infinite money manipulating the market to cheat on each other and especially on the retail traders. Or why do you think that more than 90% of the retail traders fail? If you want to be counted to the minority that makes money, you have to act savvy. Welcome to reality! Abde

Trade what you see like a robot! And never ever trade what you think.

Hi Gann Trader, don´t waste your money for any indicators from vendors. None of them had reinvent the wheel. You can find such indicators elswere for free. If you have no idea where you can find them, send me a private message and I will tell you. All the best, Abde

Carltonp, Sorry for the confusion but that was not my intention. I have just comment what I have observed in my trading career. And as long as no one can plausibly explain the phenomenon of up/down days on contrary volume I will stick with my estimation. My recommendation is to observe the ES as the biggest and most liquid futures index in the world to assess trading desicions. You will see that all other markets follow. Try it out.

Hello Carltonp, As I have observed price behavior of the indices mainly from the ES, the price has nothing to do with the underlying issues. The price is always there where diverse stakeholders (the big guys / market maker) want. They have different trading technics or better said tricks, to manipulate the quotes/price in their direction without really buying or selling big amounts of contracts. That is with a little experience observable in level 2. And that is also the reason why you con observe up days in the indices with more down volume (sometimes triple, quadruple) than up volume - and vice versa. See the exchange and trading arena as a casino where the cards and roulett table are manipulated and expect the unexpected. Hope my article helps and don´t discourage you from trading. All the best, Abde

I don´t understand why most people are skeptical prejudiced. This isn´t an attribute of successful people / trader. If someone attempts to sell something that isn´t valuable for a person, than nobody squeeze him to buy it. BTW, I don,t think that Tradewinds is trying to sell something rather he is trying to give honest advice what really matters in trading. And as far as I read his comments they are all absolute correct and believe me, I had learned it the hard way. Tradewinds, keep up the good work