A tip from Steve at nobrainertrades.com
Follow the market with tom demarks and by the 3-4th line the market will have gone "parabolic" usually.
What does TRO always quote about highs and lows....now we reverse.
Trading is simple.
We can ALL see once we get our emotions in check.
Something so SIMPLE as this gives you an edge. It is our psychology that will NOT let us make use of it.
sorry to be so dense. I'm trying to get my head around this parabolic thing and understand how it applies to choosing an entry (if it applies to that at all).
What are "tom demarks"?
Is the parabola you refer to the "larger" one with it's apex towards the bottom left of the chart and the right side ever-increasing in height?
Or are you referring to the series of "smaller" parabolas that all have apexes pointing up with both sides of the parabola pointing down?
What I was seeing was the latter series of parabolas until I started writing this question and then the first ("larger") parabola came to mind.
Anyway, thanks for the input.
I guess my questions are:
1) what parabola are we talking about?
2) can we use this to determine an entry point in a trade?
btw: your poooooooor son; de-tuning the '71....
my first car was a '70 Grand Prix 400 4-barrel, dual exhaust, high compression engine. I beat a guy in a Dodge Charger --- that's the reason the cop came after me when the 2 of us split