Leoheart wrote: Mira wrote:
I’d like to learn to SEE some PA.
What does this thing mean
Mira as this site is pretty much a private club at this point I’ll let you in on a little secret. Those trendlines or channel we may say is meaningless.
Going back that far is off absolutely no use. Why do we stress holo, rat in other words price at extreme kind of trades. Because that is all that matters.
1. Price is at an extreme (ok check)
2. What is happening right now, extreme right of the chart and extreme right with a capital E. On a intraday low or high price needs to accumulate positions...people need to get stopped out.. nvm we all know this!! Just read ‘master the markets’ forgot about the volume stuff just the read the book that is it. Accumulation distribution accumulation distrubtion of an extreme all day every day.
This process can best been seen on the smallest timeframes. There has to come a time in your trading where you have stop learning.
Poor Mo, now I truly understand why he is no longer posting.
Hey man, please don’t feel like I am coming down on you. And sorry if you cannot understand what I am writing ( I have trouble at times as well
Again only observe how a group of bars are closing at an extreme. Nothing else, that is it.
Fun how anything can happen, but what usually happens ends up happen? 1 high and 1 low.
As someone who believes that ''knowledge is power'', it may come as a surprise to hear that I agree with that highlighted statement. It's subtle, as I love to learn but yes, at some point you have to say that you are going to focus and any other stuff, is just for fun's sake...for the knowledge bank.
OK, I want to paint the perfect tree. So I paint that tree. I will look at as many techniques that I can find to help me find a way to paint that tree. However, should I come across a great method of painting dogs, although I may check it out, just for knowledge's sake, I will not try and use those techniques to help me paint that tree.
I have a love of research. I will do research for research's sake. I will test, test, then test some more. At some point, I need to shake myself out of it, or that's all I will ever do. A friend got me out of that, when not long after I started out on my own, he simply told me that he wasn't going to test a method with me any more, as at some point, the testing has to give way to actually doing it.
My way of weaning myself off but still indulging in the love of it, is to pile a ton of layers onto something and then systematically cut it all away, until the simplest way possible of doing something remains. You don't forget what you've learned - you just don't need it.
Price action. Candles are getting smaller and smaller. What's happening? Who knows - all I care about is the fact that at some point, they can't get any smaller and price will blow out one way or another.
My job is to find the simplest way to capture some of that energy.
I can guarantee that that will involve a line of some sort. and my entering as price crosses it.
Trade what you see - not what you think.