Just ignore my nonsense lol
I trade many things and look at many other unnecessary things
I trade many things and look at many other unnecessary things
- #80,446
- Edited 1:02pm Jun 23, 2014 12:51pm | Edited 1:02pm
- Joined Feb 2012 | Status: Trader | 21,377 Posts
{quote} Sorry to disappoint but I generally only use a 200sma. What I meant was for the 60 days of daily range, so perhaps a 20ma would illustrate my point. I am looking at my 200ma and it is currently below the daily PA but if I was to look at the weekly the MA is way above PA. Which way should it correct? I have tried using MA's before but aside from looking nice on my chart I have found no benefit from having them. 200ma is a bit different because so many traders use it. Not sure if what I just wrote makes sense, I need sleep
In greater scheme of things I don't put importance on any MA since basically its mathematical history.
I am always in frame of mind that every movement is unique in the markets.
Its a constant struggle of Bulls and Bears and one side wins.This battles usually occur on 00 20 50 80 00 levels.This is mostly due the fact most people place their Stop losses/limit orders on those numbers hence contribute price movement in this predictable fashion.
One can predict without looking at any chart confidently when Price is at round number there is S/R and usually this S/R will hold 20 above 80below hence without even looking at chart I can automatically tell where S/R 's are by simply knowing the price.
In trading, you have to be defensive and aggressive at the same time
- #80,452
- Jun 23, 2014 1:10pm Jun 23, 2014 1:10pm
- Joined Jun 2012 | Status: ケンジ | 21,416 Posts
I think I have bigger problems. Looking at chart but don't know what I am looking at.
For example below: the total of commercial hedgers (blue) always equal to large traders (red) plus small traders (violet).
PS. please excuse the color coding.
For example below: the total of commercial hedgers (blue) always equal to large traders (red) plus small traders (violet).
PS. please excuse the color coding.
- #80,455
- Jun 23, 2014 1:17pm Jun 23, 2014 1:17pm
- Joined Jun 2012 | Status: ケンジ | 21,416 Posts
I was told bottom picker smelly finger
- #80,457
- Jun 23, 2014 1:58pm Jun 23, 2014 1:58pm
- Joined May 2009 | Status: step into liquid | 3,460 Posts
Seriously though. I am looking for a deeper retracement to the 9350-75 area for a buy.
- #80,460
- Jun 23, 2014 7:32pm Jun 23, 2014 7:32pm
- Joined Jun 2012 | Status: ケンジ | 21,416 Posts
And 2 years later ..............
