will probably be 6.00 before close

Hey fearless,



I'm the king of analogies so let me see if I can clarify things for you.

Everything lags . . . as soon as something is printed it is history.

The markets are randon and chaotic.



Now that being said . . . imagine a boxer, the heavyweight champion is standing in front of you and he's pissed because you just ran over his new bicycle with your car. He pulls back with all of his might with his fist and aims directly at your nose. Then he releases all of that strength and momentum at you.



People want you to believe that the instant his fist is 2 inches from your nose, with all of that force behind it, that there is no way to accurately determine that he will connect and spread your nose all over your face. They want you to believe there is no way to base that decision on the instances that proceeded that exact point in time. Those instances were in history and nothing can be determined based on historic data right? WRONG!



You can't ever be 100% correct but . . .



If one lays out ALL of the preceeding randon market data that is specifically generated from a specific symbol, accurately and without variables, one can increase the probability of reading incremental moves in the price of that chart with great accuracy.



Some chart instances can't be read due to noise and consolidation but some chart instances can be read with perfect clarity and those are the points that intelligent traders wait for patiently each and every day.

Oh I forgot:



jack hershey will come in and post some long ass reply full of 50 cent words, but it will all be hugely ambiguous and not mean anything. There will be a chart or image attached but it also won't mean anything.



Then that other guy (sorry, I forgot your name) will come in and post the same thing he cut and pastes in every thread where jack hershey posts, the one where he shows his losing track record and then the pic of the guy in the straight jacket. lol that's hilarious.



A few people will come in and link you to the AHG thread which is over 1,000,000 pages long and say "go learn price action from this thread which is now closed and all the trades in it have left and have their own secret chat room somewhere where they make $100k per day." It's a good thread but a bit long and there are too many references to fibonacci voodoo. Funny still how amonst those 1,000,000 pages, there is no definition of "price action."



Some noobs will pop in and be all "hey, what settings do u use for popular indicators? MACD is a good indicator, innit"



I was gonna say ProfLogic would come in and pimp the ergodic (which I will honestly admit, probably sucks the least out of all commercially available indicators) but he already posted.



That's all I can think of for now.

:-) Yes, you've pretty much covered it. Oh, believe it or not I agree with you on the Ergodic . . . it lags and sucks the least out of what I've found too. No pumping required.