Sunday, January 14, 2018 1:16:04 PM
TA has been tried several times and continues to baffle traders as natty does not allways trade by TA methods when day trading..can clean your clock......the noise in a chart can get confusing at times causing TA to get out of whack...otherwise we would all be millionaires trading natty or any other equity......there area a lot of good traders here who have been doing it for a long time making $$$$$$$$....one can not be correct all the time on any equity.....the noise in a market belongs to the emotion side of it and can be best understood by a train moving down a track.....when it gets to a town it blows itz whistle and those trying to cross that track are cautious as to when to cross....an equity is the same way.....moves like that train
watch for the whistle
a favorite example of mine is waiting to walk across the street at a red light in a major city....look up to the cross or do not cross sign at each intersection....cars pass you by at 15 to 25 miles an hour ( if that is the speed limit) you watch as they pass hoping to get to the other side of the street soon....u wait for several minutes... 5 people waiting....soon grows to 15 people....light changes to yellow..now 25 people are waiting......40 people are waiting....and it turns green....they walk to the other side of the street......the emotion of the market....they anticipated the move and waited....right time they moved to other side of street
our job as traders is to recognize the whisle....red light or green light
cc
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