Discussion in 'Index Futures' started by mikeriley, Aug 21, 2022.
Appreciate everyone's input.
THAT could work;
most millionaires in the stock market made it by buying every month for 3o or 4o years.
Some hedge funds are no doubt worth it;
paying the average fund 2 + 20 %; those millionaires mentioned above never paid those hi fees.
Paul tudor Jones, i'm sure is worth it; but few do as well as he has
Good Morning Scataphagos,
I am breathing and living and going to my grave (hopefully not soon) with Price TA.
I have no other choice but Price TA. Everything else cost too much money and too much thinking.
THINK and grow rich
Ha ha..Just a joke SimpleMeLike
Hope you're doing well bro!
The trader's objective is to "have your money in tune with the market's moves" as best you can.
With Price TA, you can see...
1. Support and Resistance
2. When the market is in buy or sell mode and when/where that changes.
3. What else is there to know?
With all that you can hopefully pick your way through...
Here's the 30 min ES currently...
Line A-B is a "rising bottoms support" line and that the market is in a "buying channel" until it breaks line A-B.
Line C is a "rising tops resistance line". Notice it doesn't go all the way to the top of the small channel... indicating the rally is "losing steam"
Lines D and E form a "consolidation triangle/wedge" which breaks out to downside
F = price is currently in "selling channel". Notice the apparent breakout to the downside indicating selling may be picking up steam here.
That's all part of "Price TA". Hopefully with all that you can make a good play or two.
All is well buddy. Thank you for asking.
Thank you very much for the chart mark up. I see it well sir. Very well drawn.
That is more than enough for a play or two. Thank you
This kind of stuff goes on every day. When you learn to read it you can play it with low risk. (It's not always so "clearly indicated" but most of the time it is for at least part of the day.)
TA Price works well on all bar types right? Range, Tick, minute?
I do not like minute bars anymore, too much waiting around and anxiety. I need to be in and out when the correlation occurs.
Yes... all markets... all charts.... all time frames. Tried tic charts once... didn't like 'em. Too manic. You don't need to wait for a bar to be completed, you know.
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