I'm happy and grateful to be a part of this thread.
Thanks, guys.
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DislikedProvoking Thoughts..... Whenever you see a price making new high or new low on a PVA event followed immediately by a second PVA event, price reversal is imminent. - marijan993 It might not always be the case, but it seems to be the case so often that it might be "generally" true. The downside is that some reversals are puny, moving PA into a range where the opposite side of the range is not far enough away from a trade entry point that is based on this concept. Such might be more common if they occur during the AS. A lot depends on the magnitude...Ignored
Disliked{quote} Well, you only asked for a "few words". I could have done more...... []Ignored
DislikedI'm happy and grateful to be a part of this thread. Thanks, guys.Ignored
DislikedThing that ALWAYS work The previous discussion got me thinking even more about things that do work all the time. It's a perfectionist trait and one that is actually a disadvantage if you are a trader. Nothing works all the time, right? Wrong. There is one thing that works all the time. It's a capital preservation move and it is impossible to lose money if one plays that move. It's called sitting on the sidelines. I think that part of trading is not enough covered nor a due credit is given to it. When clues are inconclusive, one should sit on the...Ignored
DislikedThing that ALWAYS work The previous discussion got me thinking even more about things that do work all the time. It's a perfectionist trait and one that is actually a disadvantage if you are a trader. Nothing works all the time, right? Wrong. There is one thing that works all the time. It's a capital preservation move and it is impossible to lose money if one plays that move. It's called sitting on the sidelines. I think that part of trading is not enough covered nor a due credit is given to it. When clues are inconclusive, one should sit on the...Ignored
-MJ
DislikedThing that ALWAYS work The previous discussion got me thinking even more about things that do work all the time. It's a perfectionist trait and one that is actually a disadvantage if you are a trader. Nothing works all the time, right? Wrong. There is one thing that works all the time. It's a capital preservation move and it is impossible to lose money if one plays that move. It's called sitting on the sidelines. I think that part of trading is not enough covered nor a due credit is given to it. When clues are inconclusive, one should sit on the...Ignored
Disliked{quote} Greed vs Humility "Wall Street" is a breeding ground of greed, lust for riches and the mental attitude of entitlement to success. All a trader needs to do to be successful - assuming basic trading and "sucking up" skills exist - is to submit to the culture, subscribe to the culture, and promote the culture,....until they too one day have become yet another wealthy, narcissistic sonofabitch. By comparision, for we retail traders of good moral fiber, it is all we can do to sit on the bench when it makes sense to sit on the bench,...holding...Ignored
Disliked{quote} Greed vs Humility "Wall Street" is a breeding ground of greed, lust for riches and the mental attitude of entitlement to success. All a trader needs to do to be successful - assuming basic trading and "sucking up" skills exist - is to submit to the culture, subscribe to the culture, and promote the culture,....until they too one day have become yet another wealthy, narcissistic sonofabitch. By comparision, for we retail traders of good moral fiber, it is all we can do to sit on the bench when it makes sense to sit on the bench,...holding...Ignored
Disliked{quote} So, you have decided to sit on the sidelines. How do you actually stay there? How do you put your patience skill into play?Ignored
Disliked{quote} Greed vs Humility "Wall Street" is a breeding ground of greed, lust for riches and the mental attitude of entitlement to success. All a trader needs to do to be successful - assuming basic trading and "sucking up" skills exist - is to submit to the culture, subscribe to the culture, and promote the culture,....until they too one day have become yet another wealthy, narcissistic sonofabitch. By comparision, for we retail traders of good moral fiber, it is all we can do to sit on the bench when it makes sense to sit on the bench,...holding...Ignored
DislikedHi tah, What do you think about A/U chart? Bullish maybe? 0.7750 look like key level. {image}Ignored