Jump to content
SteadyOptions is an options trading forum where you can find solutions from top options traders. Join Us!

We’ve all been there… researching options strategies and unable to find the answers we’re looking for. SteadyOptions has your solution.

Leaderboard

Popular Content

Showing content with the highest reputation on 11/28/17 in Posts

  1. @siddharth310584 Higher highs and higher lows are a good start. Staying about support and/or breaking through previous resistance levels. Average or better volume. "Layered" trend lines -- 50 above 100, 34 above 50, 21 above 34, 8 above 21. (Or whatever trend lines you use). This would indicate sustained buying pressure. But not always definitive and reversal price action would be different and may be no less bullish.
    1 point
  2. Charting is a funny thing. It should not be confused with "technical analysis" per se. I am constantly looking at the charts, but, I never use any indicators. I just look at price, period. What helps me the most is looking at price in different time frames. The big picture (weekly), down to the next (Daily), and once both of those have presented a good enough picture to want to be involved, in a directional trade, I then go down to 15 min, and then 5 min. for precise timing. I never use candlesticks, only bar charts. I don't use any indicators because they can have the effect of "suggesting" which way the market is going to go. Most of it is just many , many years, of looking at price behavior, day after day. Eventually, you see things, that you have seen so many times before, that it becomes it's own method of probabilities.. I always like to use a very famous quote by Supreme Court Justice Potter Stewart in 1964, when interviewed, regarding a case, dealing with pornography, that the court was looking over at that time. The interviewer asked him if he could "define" exactly what is pornography, and he responded.."I can't define it, but, I know what it is when I see it!" This is the kind of thing I;m talking about with regard to looking at "price" (not indicators). Because the only thing that is 100% fact is price. I don't mean it in the way of saying that "you can use the past to predict the future"... I am not coming from that angle. I am coming from the angle of what Potter Stewart said.
    1 point
This leaderboard is set to New York/GMT-05:00
×
×
  • Create New...