Specific Questions for Discussion:
If you know just one piece of information in response to the following questions, please throw it out there. My job will be to organize and codify the flow of information.
1. What are some things we can know with high probability about price behavior that tells us whether to BUY, SELL, or HOLD? Are there iffy indicators that when combined would rise to the level of a necessary and/or sufficient condition to give a consistent, clear BUY, SELL, and HOLD signals?
2. What are some commonly used indicators that are too iffy to give us clear BUY, SELL, or HOLD signals? How would you rank the indicator on a scale of 1 to 10? (1 = Trash It, and 10 = Strong Clue.)
3. Is the Renko chart just another rear-view mirror method, or does it offer a clear advantage over viewing the standard price charts using 10, 20, 50, and 200-day sma's?
4. What does it mean to be a champion and how do we acquire the mindset?
5. Will trading probabilities fall into the range of 50/50 (+/- 10) no matter what we do? Or is it possible we sometimes know with 90 certainty (and we are right) and then other times we simply do not know, trade anyway, and then lower our stats to make it look like the odds are 50/50? If the latter is true, how can we raise our stats?
Strip price to the barest knowable data that says buy, hold or sell. This is the new meme.
