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Old 04-14-2008, 01:08 AM   #9

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Re: A Successful Trader's Perspective on Price Action I Found to Share.
Quote:
Originally Posted by bertg »
Ok, call me a retard, but can someone please rephrase or explain the above quote?

Thanks,
Bert
This is actually quite simple, but worded in a somewhat confusing manner. I believe the author means don't buy just in front of resistance for a breakout - instead wait for the breakout then a pullback to the new support (old resistance) and buy that. Here is a picture.

Hope it helps.

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Old 04-15-2008, 10:13 AM   #10

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Re: A Successful Trader's Perspective on Price Action I Found to Share.
While I agree completely with this article, I think the biggest reason 90% of traders fail is that 90%+ of the information/tools at the retail level is complete garbage.
I'm even starting to question the value of time series analysis of market prices period. The market price may as well just be viewed as an inference, then if market price is at X at noon, no one is going to buy or sell because the the clock now says 12:15. Now take a smoothed representation of this data over time with a moving average, then take a windowed snapshot of the moving average and package it as an indicator. This indicator then has abstracted so far away from what is actually going on in the double auction that you have lost information instead of gaining any. This doesn't mean though that you can't summerize the tape/DOM in order to cover more markets and gain information. How to do that though I'm not exactly sure of yet but I believe it probly requires taking a step back and rethinking the way that our tools have evolved.
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Old 04-15-2008, 11:31 AM   #11

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Re: A Successful Trader's Perspective on Price Action I Found to Share.
Thanks for this info. will try this out
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Old 01-06-2009, 07:27 AM   #12

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Re: A Successful Trader's Perspective on Price Action I Found to Share.
Hey namstrader, thanks for posting this. Great insight. Could you please post the image that this guy is talking about when he says

Quote:
Originally Posted by namstrader »
Their screen looks like this...
?
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Old 01-06-2009, 07:55 AM   #13

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Re: A Successful Trader's Perspective on Price Action I Found to Share.
Given that this was posted last April, you may want to send him a PM.
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Old 01-07-2009, 11:33 PM   #14

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Re: A Successful Trader's Perspective on Price Action I Found to Share.
Great article! Thanks for sharing!
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Old 01-25-2009, 10:55 PM   #15

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Re: A Successful Trader's Perspective on Price Action I Found to Share.
Who is Ryan Watts anyway?
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Old 01-25-2009, 11:24 PM   #16

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Re: A Successful Trader's Perspective on Price Action I Found to Share.
Quote:
Originally Posted by SunTrader »
Who is Ryan Watts anyway?
Let me get this straight. You find it too difficult to go into a Google Search and type in:

Ryan Watts MACD

then be presented with a ton of links to articles:

Eg.

http://www.thephantomwriters.com/fre...d-trades.shtml or
http://www.wattstrading.com/Scalpingtheeminis.html
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