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TFC Commodity Trading Forum

Re: Dow Monthly
In Response To: Re: Dow Monthly ()

"Wayne I use to think the same...about being jinxed...haha
A lot of it has to do with being at the right place at the right time and of course a lot of good luck"

Of course it wasn't a jinx to post trades but I did find that I would "Push" a trade...so to speak. Would pick a trade to make just to play the game in here with a post.

Not a good trading strategy.

As far as this goes..."we're just using charts...that is only seeing part of the picture still."...I see the nephews doing all the...so and so says this...everybody on the stock chat rooms say that...this report...that report...and they fail. I try to explain to them that the chart represents the culmination of all the thought, feelings, and actions of the traders out there. It doesn't lie...it doesn't have an opinion...it doesn't have a bias...it doesn't have an agenda...it just shows where the general consensus is...bullish or bearish or neither.

News, reports, happenings just change or reinforce the opinions of traders...when there's an agreement by the majority price will register this by moving one way or the other.

I still maintain, as others do, you can give a set of data to 50 annalist and get back 200 opinions of what that data means.

I'll stick to the sticks on the chart. 😎