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Intraday swing trading

  • Post #121
  • Quote
  • Mar 19, 8:46am (43 hr ago) Mar 19, 8:46am (43 hr ago)
Quoting Ferna
{quote} Is that the movie called "Rogue trader"?
Yes, an interesting movie about how the average institutional traders are really far worst at allowing large draw downs than the Forex Factory bum who's attempting the next prop firm challenge.
We are far better than those reckless idiots, we are almost saints.

After watching that movie, pay for the Audible book called Flash Crash from Liam Vaughan. Here we learn how a bloke trading from a small bedroom in a flat in a London neighborhood who was trading E Mini S&P Future contracts got blamed for destroying the US stock markets on that bad day in 2010. It tells a great story how by spoofing, one can collapse world markets by just using a simple Algo that places huge limit orders 5 ticks above market price. This is important because traders like you and me can watch the limit orders on the books now, tonight or whenever we decide to look - and can predict Future price.

We can guess the future 5 seconds ahead of time quite accurately by just watching the tape.

Better than TA

Better than Sex
Trading thin liquidity at the boundary of the charts
  • Post #122
  • Quote
  • Mar 19, 9:05am (43 hr ago) Mar 19, 9:05am (43 hr ago)
Quoting josi
{quote} will these rambling rants ever stop? I very much doubt it. There is the possibility of developing personal opinion and an endless enumeration of groundless claims into an argument: Claim: Explanation of an overall claim or basis of the argument Grounds: Presentation of evidence to support the above claim Bridge: Discussion of evidence and connection of how it supports your claim Foundation: Presentation of additional logic or reasoning that supports the connections from the bridge Counterclaim: Anticipation and discussion of opposing viewpoints...
You know what I love most about "modern people" ..... you're always so kind to show what you have no idea about by saying things that prove you do not have a clue what someone is talking about. So thank you. Bless you for your indulgence. I love it when other people do the work for me. Thank you. Maybe in 10 or 20yrs once you've grown up a bit, then perhaps something will make sense for you. Have fun.

Peter

PS - As soon as you people start using words such as "rant" or rambling" "preachy" etc, shows people like me you have no idea. Just a tip.
Trading's for those who learn independently. Everyone else is just blind.
  • Post #123
  • Quote
  • Mar 19, 9:14am (43 hr ago) Mar 19, 9:14am (43 hr ago)
Quoting RickM
Nick Leeson I think his actions pretty well sum up what's good about TA and why its bad now. Nick Leeson was of course the Futures trader working for Barings bank in Singapore in 1995 who after getting into some serious losses, when all out going long on the Japanese nikkei future contracts over a few weeks period. About an hour before close every day, he would start BUYING heavily on the nikkei and it soon created a pattern which was seen by many famous Future & world stock traders. In fact if you read some of the Market Wizards book by Jack D...
I see you still have so much to learn RickM. I still use TA every single day and my profitabilities have not diminished. So once again someone like me doesn't "need" the RickM's of the world to concur with what I've said.

If anything is dead in you people, it's basic common sense that turns into foresight. Technical Analysis is a very broad subject. But conveniently people love to "rewrite history" to suit themselves.

I have found, whenever you people claim something is dead, wrong or bad, usually has more to do with the fact that you struggle to use it as a tool. What else could feasibly explain why you all keep arguing over the stupidest things but expect to be treated well. It's not a good start.


Peter
Trading's for those who learn independently. Everyone else is just blind.
  • Post #124
  • Quote
  • Mar 19, 9:14am (43 hr ago) Mar 19, 9:14am (43 hr ago)
Quoting RickM
This is important because traders like you and me can watch the limit orders on the books now, tonight or whenever we decide to look - and can predict Future price. We can guess the future 5 seconds ahead of time quite accurately by just watching the tape. Better than TA Better than Sex
People have no idea how it feels to know ahead of time something about the future that will happen. Yup better than sex.
Trade the value
  • Post #125
  • Quote
  • Mar 19, 9:27am (43 hr ago) Mar 19, 9:27am (43 hr ago)
Quoting RickM
Nick Leeson I think his actions pretty well sum up what's good about TA and why its bad now. Nick Leeson was of course the Futures trader working for Barings bank in Singapore in 1995 who after getting into some serious losses, when all out going long on the Japanese nikkei future contracts over a few weeks period. About an hour before close every day, he would start BUYING heavily on the nikkei and it soon created a pattern which was seen by many famous Future & world stock traders. In fact if you read some of the Market Wizards book by Jack D...
STOP saying Technical analysis does not work - using volume is doing TA ??????????????? You are badmouthing your own work - the people shorting gold here are GAMBLING - do u see the difference????
here is gold for the last 2 weeks - it is in a uptrend - price is above the rising moving averages - basic common sense is u ONLY GO LONG when price is above the moving averages - it puts the odds in your favour instead of fighting the trend. So therefore the people who are shorting gold are going against the trend - that is GAMBLING - it is not TA - they are gamblers so stop saying TA does not work
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Instead if they wanted to short something they should of been short crude oil. Here is the chart of oil from last 2weeks - it is in an downtrend - price is below the falling moving averages - commonsense to make money going short - do u see the difference??? TA works
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So STOP badmouthing TA - TA worked a hundred years ago and still works today and will work a 100 years in the future. People shorting uptrends are only gambling and DUMB - they are the 99% that lose money. I have been trading for 17 years fulltime making BIG BUCKS from TA - i use TA everyday in the markets - i trade a 7 figure account that i started from nothing - TA works!!!!!!!!!!!!!!!!!!!
most people lose money because they don't use commonsense - it is a rare commodity on this planet
the 99% that lose money can't follow rules, have zero discipline, have no gameplan to follow, have no edge, make small wins and have huge losses and use stupid thinking and get emotional
  • Post #126
  • Quote
  • Mar 19, 9:59am (42 hr ago) Mar 19, 9:59am (42 hr ago)
Quoting Steven1
.. most people lose money because they don't use commonsense - it is a rare commodity on this planet the 99% that lose money can't follow rules, have zero discipline, have no gameplan to follow, have no edge, make small wins and have huge losses and use stupid thinking and get emotional
Hi Steven agree with you there're plenty of dumb traders and dumb trading strategy with zero edge. Draw fancy colored horizontal lines extrapolated from previous high low and label them support and resistance is Dumb. Gambling, guessing and dumb. Cheers
Trade the value
  • Post #127
  • Quote
  • Mar 19, 10:04am (42 hr ago) Mar 19, 10:04am (42 hr ago)
Quoting Steven1
{quote} STOP saying Technical analysis does not work - using volume is doing TA ??????????????? You are badmouthing your own work - the people shorting gold here are GAMBLING - do u see the difference???? here is gold for the last 2 weeks - it is in a uptrend - price is above the rising moving averages - basic common sense is u ONLY GO LONG when price is above the moving averages - it puts the odds in your favour instead of fighting the trend. So therefore the people who are shorting gold are going against the trend - that is GAMBLING - it is not...
Hi Steven1

Good on you, however I think you would find most people using TA would be short on Gold.

I am looking at the Gold Futures chart which tells me 75% of orders coming into CME markets are SHORT.
Most traders are using TA and they are getting it wrong - very wrong.

If you are Long using TA for your signals, then you are a rare breed and therefore I can understand why you are making good money.

My point has always been MOST TRADERS GET TA WRONG - THEREFORE TA DOESN"T WORK
can I add
FOR MOST TRADERS
Trading thin liquidity at the boundary of the charts
  • Post #128
  • Quote
  • Mar 19, 10:11am (42 hr ago) Mar 19, 10:11am (42 hr ago)
These will save you from thousand words said in vain.
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  • Post #129
  • Quote
  • Mar 19, 10:14am (42 hr ago) Mar 19, 10:14am (42 hr ago)
Quoting PeterCaleb
{quote} I see you still have so much to learn RickM. I still use TA every single day and my profitabilities have not diminished. So once again someone like me doesn't "need" the RickM's of the world to concur with what I've said. If anything is dead in you people, it's basic common sense that turns into foresight. Technical Analysis is a very broad subject. But conveniently people love to "rewrite history" to suit themselves. I have found, whenever you people claim something is dead, wrong or bad, usually has more to do with the fact that you struggle...
Peter

The facts are price moves bullish when Sellers enter into the markets
The facts are price moves bearish when Buyers enter into the markets

Why do Sellers enter into the market when price is moving up?
Why do Buyers enter into the market when price is moving down?

Are these traders so stupid because they believe in TA and decide to always be on the wrong side of direction.
Perhaps Peter C & Steven1 are wise old dogs and know how to read TA correctly
THE FACTS ARE MOST CAN'T READ TA CORRECTLY

Luckly for us Peter & Steven are going to make some live calls for us this week
Trading thin liquidity at the boundary of the charts
  • Post #130
  • Quote
  • Mar 19, 10:15am (42 hr ago) Mar 19, 10:15am (42 hr ago)
Quoting RickM
{quote} Hi Steven1 Good on you, however I think you would find most people using TA would be short on Gold. I am looking at the Gold Futures chart which tells me 75% of orders coming into CME markets are SHORT. Most traders are using TA and they are getting it wrong - very wrong. If you are Long using TA for your signals, then you are a rare breed and therefore I can understand why you are making good money. My point has always been MOST TRADERS GET TA WRONG - THEREFORE TA DOESN"T WORK can I add FOR MOST TRADERS
u just don't get it - anyone shorting gold is NOT using TA - they are GAMBLING - shorting uptrends is NOT TA - do u see that?????
U mentioned RSI a couple of days ago - shorting overbought in uptrends is NOT TA - RSI is to be used in ranging markets only and not trends - can u see people are gambling shorting gold and not using TA
TA works with both newbies and professionals - the problem is the person using it - if they don't follow the TA rules than they are gambling

STOP BADMOUTHING TA
  • Post #131
  • Quote
  • Mar 19, 10:18am (42 hr ago) Mar 19, 10:18am (42 hr ago)
Quoting Steven1
{quote} u just don't get it - anyone shorting gold is NOT using TA - they are GAMBLING - shorting uptrends is NOT TA - do u see that????? U mentioned RSI a couple of days ago - shorting overbought in uptrends is NOT TA - RSI is to be used in ranging markets only and not trends - can u see people are gambling shorting gold and not using TA TA works with both newbies and professionals - the problem is the person using it - if they don't follow the TA rules than they are gambling STOP BADMOUTHING TA
Here's the thing, can you point to one TA trading strategy on the strategy section that work for swing trading intraday? I am sure FF members want to know so they can stop trading dumb. Cheers
Trade the value
  • Post #132
  • Quote
  • Mar 19, 10:19am (42 hr ago) Mar 19, 10:19am (42 hr ago)
Quoting steven1
{quote} u just don't get it - anyone shorting gold is not using ta - they are gambling - shorting uptrends is not ta - do u see that????? U mentioned rsi a couple of days ago - shorting overbought in uptrends is not ta - rsi is to be used in ranging markets only and not trends - can u see people are gambling shorting gold and not using ta ta works with both newbies and professionals - the problem is the person using it - if they don't follow the ta rules than they are gambling stop badmouthing ta
So you are happy most traders using TA are losing?
Trading thin liquidity at the boundary of the charts
  • Post #133
  • Quote
  • Mar 19, 10:20am (42 hr ago) Mar 19, 10:20am (42 hr ago)
Quoting RickM
{quote} so you are happy most traders using TA are losing?
THEY ARE GAMBLING BY NOT USING TA - If they used TA they would make money - can u see the difference?????????????????????
  • Post #134
  • Quote
  • Mar 19, 10:24am (42 hr ago) Mar 19, 10:24am (42 hr ago)
So TA employers are gamblers!
LOL
J/K
I don't care. First ABC
  • Post #135
  • Quote
  • Mar 19, 10:25am (42 hr ago) Mar 19, 10:25am (42 hr ago)
Quoting steven1
{quote} they are gambling - if they used ta they would make money - can u see the difference?????????????????????
That's a big call
only steven1 understands TA
almost every other trader is a gambler
Trading thin liquidity at the boundary of the charts
  • Post #136
  • Quote
  • Mar 19, 11:00am (41 hr ago) Mar 19, 11:00am (41 hr ago)
Quoting BWilliam
{quote} Here's the thing, can you point to one TA trading strategy on the strategy section that work for swing trading intraday? I am sure FF members want to know so they can stop trading dumb. Cheers
There is lots of TA trading strategies that work - the thing is u have to find 1 that suits your personality. I mean do u like trend trading, support and resistance, price action etc. U need to find one that u can follow the rules without fail and not get emotional over the wins and losses and then do the backtesting to see what the results are - no strategy works everyday or every week but over the longer term will work - Newbies and losing traders keep changing strategies and wonder why they lose money - typical beginner cycle
most strategies work but people can't follow the rules - their is millions of good startegies in this forum
the biggest reason people are losing money is they have big losses and small wins and use too much leverage - leverage is there so u get greedy and bet big and blow up your account - emotions !!!!! newbies and losing traders get very emotional which causes them to make bad decisions
To make money in trading u have u be very disciplined - it matters a lot. most people have to work a job as the employer gives them the "" rules"" to follow to do the work. when they trade they don't follow their trading plan because they don't have a "" employer"" to kick their butt when they make a mistake - keeping losses small is difficult to do for most people
  • Post #137
  • Quote
  • Mar 19, 11:16am (41 hr ago) Mar 19, 11:16am (41 hr ago)
Quoting PeterCaleb
Swing trades have stages. {image}
Is this your trades, Peter?<
  • Post #138
  • Quote
  • Mar 19, 11:31am (41 hr ago) Mar 19, 11:31am (41 hr ago)
I don't take sides so I can say the following with ease ..... Who gives a rats ass if anyone on this BS site thinks TA is this or that. If I make a call about a move I plan to profit not bother with "getting it right" idiots. If my call is wrong, I'm ok with that. Why? I JUST GO THE OTHER WAY .... fricking idiots. Jeez. It's called TRADING not "oh no I got one wrong .... better get stopped out and run away". I cannot believe people listen to this bullshit. So if anyone is lurking around WHO IS A REAL PERSON .... you can see the stupidity of humans right here. Not even worth the bullet. Easier to concoct some kind of somewhat vague virus to help kill them off, bit by bit. The effects are slow to view but they're there and come into view as time passes.

So the wankers on this site who want to talk about "facts" and opinions and everything else, well, go watch Days of our lives. It'll hurt less.

Markets move because society moves. Surely people know what a society is right? Yes? No? Never heard of this word? Come on !! You've heard of all kinds of fun things. Trying to convince yourselves one thing is really another thing just so you can sleep at night. So your wife doesn't roll her eyes at you whenever you say to her "But but ... honey ..... it really is a real thing". Hehehehehe. ANY justification to satisfy the bullshit in the head.

But I love to watch people mesmerize themselves with it all. "No that's not my hand hitting me in the side of the head ...... that's the market!!" Hihihihihihihehehehe.

Yeah OK steady on there Gomer Pyle.

So what started out as a chat about 50pip swings during a single day, now ends up a dung heap.

Well done people.
Trading's for those who learn independently. Everyone else is just blind.
  • Post #139
  • Quote
  • Mar 19, 11:40am (41 hr ago) Mar 19, 11:40am (41 hr ago)
Quoting PeterCaleb
I don't take sides so I can say the following with ease ..... Who gives a rats ass if anyone on this BS site thinks TA is this or that. If I make a call about a move I plan to profit not bother with "getting it right" idiots. If my call is wrong, I'm ok with that. Why? I JUST GO THE OTHER WAY .... fricking idiots. Jeez. It's called TRADING not "oh no I got one wrong .... better get stopped out and run away". I cannot believe people listen to this bullshit. So if anyone is lurking around WHO IS A REAL PERSON .... you can see the stupidity of humans...
was it ur trades peter? that u posted on the shorts on AUD pairs
  • Post #140
  • Quote
  • Mar 19, 11:46am (41 hr ago) Mar 19, 11:46am (41 hr ago)
And the truckloads of bullshit re: the here say of "90% of traders lose". Fuck off. Not one scrap of real hardcore evidence. They NEVER surveyed ME !! SO there's no reality to it. I'm part of the "trading community" aren't I? Oh yeah that's right, I use my brain. SO I don't fit into the "gullible" column. TA is whatever you make of it. PERIOD. Dickheads make excuses and no-hopers make up stories. And then real life people who as yet, DO NOT KNOW ANY BETTER, FOLLOW these morons into an early grave. And then the website zombies eat you alive. Oh sorry, been watching tv and didn't realize you people still think it's "real life". Hihihihihehehe

Algo's change. Or hadn't you people ever looked out a window before? Oh that's right, you all think the world began some 50yrs ago. Forgive me. What was I thinking?!

And swing trades .... OH !! Don't get me started on those creatures. They are so damn sneaky aren't they.

CLUE - IF you have no real world means to appreciate what it will do GET OUT OF THE WAY morons !!! Stop getting in too early and getting run over. Shitting your pants and wondering "It's comin' back right?????????? SHiiiiiiiiit !!" Far out brussel sprout !! People people people.

Hehehehehe
Trading's for those who learn independently. Everyone else is just blind.
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