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How do you read PA?

  • #21
  • Edited 1:07am Apr 14, 2014 12:54am | Edited 1:07am
What a waste of time this has been for me, I thought you were going to tell me something new and teach me something but ended up wasting my time repeating things that those $100 to $1000000 scam brokers love to advertise. I am going to leave you with a little information to help improve your "probability"

"By concentrating orders in the moments before and during the 60-second window, traders can push the rate up or down, a process known as “banging the close,” four dealers said."

That is one way banks use to stop hunt and burn people, it even happens 90 percent of the time at a certain time of the hour every hour, if you want more information to help with your "probability" I can give you more to help you improve. You have traders risking millions and the shirt on their backs and you are here talking about "it's just trading" well good for you. But at least give the guy some good advice to help him improve. Not that basic nonsense that everyone knows.
Being a trader is lonely, but being a great trader is lonelier still
  • #22
  • Apr 14, 2014 1:18am Apr 14, 2014 1:18am
I guess it comes down to how we all interpret things. You refer to it as stop hunting and I just think of it as creating liquidity. I don't think of anything as bad or trying to burn suckers. i just think of it as the trade. Everyone wants the best price and will do whatever they can do to get it. If you have an edge that's great. The thread was about price action. You mentioned supply and demand not being reliable and I said what I believed from my experience with it.... It's all good... Sorry to come off strong... really trying to help the OP with their question more than anything

Quoting saneblane
What a waste of time this has been for me, I thought you were going to tell me something new and teach me something but ended up wasting my time repeating things that those $100 to $1000000 scam brokers love to advertise. I am going to leave you with a little information to help improve your "probability" "By concentrating orders in the moments before and during the 60-second window, traders can push the rate up or down, a process known as “banging the close,” four dealers said." That is one way banks use to stop hunt and burn people, it even happens...
SPC * Swollen PocketZ Crew!
  • #23
  • Apr 14, 2014 1:24am Apr 14, 2014 1:24am
"I guess it comes down to how we all interpret things. You refer to it as stop hunting and I just think of it as creating liquidity"

That's a whole other debate. but i get the idea, it's alright man I guess it was a misunderstanding. We can debate all night long and it probably won't go anywhere. A trader made a thread a few days ago, asking us why we trade, and I trade because of situations like this. In the market only one opinion matters and that is the market's. Good luck trading, and I look forward to having you on the opposite side of my winning trades for years to come.
Being a trader is lonely, but being a great trader is lonelier still
  • #24
  • Apr 14, 2014 1:30am Apr 14, 2014 1:30am
Here we go again.... Another guy full of well wishes towards me..... I love it.... I know we cannot choose but I only want to take my profits from the banks not from my fellow retailers but I guess we are different.

Quoting saneblane
and I look forward to having you on the opposite side of my winning trades for years to come.
SPC * Swollen PocketZ Crew!
  • #25
  • Apr 14, 2014 2:37am Apr 14, 2014 2:37am
Quoting saneblane
What a waste of time this has been for me, I thought you were going to tell me something new and teach me something but ended up wasting my time repeating things that those $100 to $1000000 scam brokers love to advertise. I am going to leave you with a little information to help improve your "probability" "By concentrating orders in the moments before and during the 60-second window, traders can push the rate up or down, a process known as “banging the close,” four dealers said." That is one way banks use to stop hunt and burn people, it even happens...
This is why you trade small and keep stops out of the market.
If you are good at something, never do it for free--Joker
  • #26
  • Apr 14, 2014 2:47am Apr 14, 2014 2:47am
to address the original thread topic, couple of good articles here http://www.orderflowtrading.com/Fore...tion-Pt-3.aspx
  • #27
  • Apr 14, 2014 2:54am Apr 14, 2014 2:54am
"This is why you trade small and keep stops out of the market."

That's a whole other debate, but some people myself included want to compound our accounts into more money, heck that's the whole premise of trading and trading without a stop would be like steering into a bottomless pit. But I have seen others that use a dynamic stoploss. like for example if the market doesn't go your way in 2 candles you close the trade. As long as your making money man that is the most important thing.



To get back on point the OP should read some stuff from Nial, I use to follow his post for a year before I decided to study the Wykcoff coarse. He is good, all he does is PA all day everyday check him out.
http://www.learntotradethemarket.com/
Being a trader is lonely, but being a great trader is lonelier still
  • #28
  • Apr 22, 2014 11:21am Apr 22, 2014 11:21am
Quoting saneblane
To get back on point the OP should read some stuff from Nial, I use to follow his post for a year before I decided to study the Wykcoff coarse. He is good, all he does is PA all day everyday check him out. http://www.learntotradethemarket.com/
Not seeing much from Nial Fuller on Youtube anymore. Last pin he was discussing, on G/U I believe, he placed the pending buy signal too far from the action.
  • #29
  • Last Post: Edited 8:15pm Apr 22, 2014 3:29pm | Edited 8:15pm
That's a shame, i haven't been keeping up with him so don't know the recent activities. But his work is still good to get you started and teaching you about candle patterns. Lol you said he placed the pending order too far Haha, well maybe the fact that you know this means you might have out grown his teachings, but it can still be good for other people.
Being a trader is lonely, but being a great trader is lonelier still
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