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"best to learn 'price'" sounds like a deep zen saying. It also sounds like
what Bill (T-BONDTRADER) was referring to as "reading the tape".
Similar to what I asked Bill, could you please elaborate on just what you
mean by "best to learn 'price'"?
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Now you're making me feel old.
To paraphrase the opening of the Lone Ranger episodes...
"Let's return to those thrilling days of yesteryear...."
Imagine your in an age before the desktop computer and you trade the
markets. Every 2 weeks a chart service you subscribe to sends the latest
set of price charts and you update them daily with a pencil from the quotes
you extract from the WSJ each morning.
(Kinda what Tim Morge is referring to by the brown bag approach.)
How are you going to trade this? What do you see in the charts? Use
your imagination and ,of course, use knowledge gained from books
written about analyzing price charts and the patterns that can be picked out.
trendlines
support and resistance lines
conjestion
gaps
flags
inside waves
outside waves
inside days
outside days
% retracement
range of bars
consecutive up or down closes,hi's, lo's
patterns of closes,hi's, lo's
etc...
dbs
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