I have only been here a few weeks myself but I am pretty
comfortable with the output. Many charts during the week lay out
the bigger picture and I keep those in mind as I watch the market
evolve. I like the alternate scenarios in a shorter time frame as
it provides a way to assess the market doing something I did not
expect. There are several short term traders and a lot of chatter
during the day about the short term charts but that is fine with
me. Some of the info helps me in my assessment and some I ignore
because it doesn't fit into what I am doing.
I consider myself a swing trader and have my own approach to the
market. I don't normally use EW but I am a big fan of Fib and Gann.
Matt and Steve seem to use EW to create a "roadmap" that approach
works for me. I also note Steve putting up a sticky tonight
pointing to 821.50 S&P as possibly indicating we are going a
lot higher (my words - fits my expectation). One thing this market
has not done since 3-10 is give large buyers a chance to accumulate
size on breaks. Another thing I noticed was someone complained
about losing because he went short. Matt ( I paraphrase) reminded
him the intermediate swing is currently up and shorting is now
tougher to capture profit.
I hope you stay for a while. There are a lot of very helpful
traders here. I believe it will grow on you. If after a few months
if it doesn't fit your style you should look for a site that has
more of what you are looking for. I have tried a few different
places and this one feels comfortable for me. Another suggestion I
have is to watch the blog for commentary from people who might have
a similar approach as you and run your questions directly at
them.
Good luck,
Pat
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I have only been here
Always feel like no direction
Posted by padraigm on 1st of Apr 2009 at 10:45 pm
I have only been here a few weeks myself but I am pretty comfortable with the output. Many charts during the week lay out the bigger picture and I keep those in mind as I watch the market evolve. I like the alternate scenarios in a shorter time frame as it provides a way to assess the market doing something I did not expect. There are several short term traders and a lot of chatter during the day about the short term charts but that is fine with me. Some of the info helps me in my assessment and some I ignore because it doesn't fit into what I am doing.
I consider myself a swing trader and have my own approach to the market. I don't normally use EW but I am a big fan of Fib and Gann. Matt and Steve seem to use EW to create a "roadmap" that approach works for me. I also note Steve putting up a sticky tonight pointing to 821.50 S&P as possibly indicating we are going a lot higher (my words - fits my expectation). One thing this market has not done since 3-10 is give large buyers a chance to accumulate size on breaks. Another thing I noticed was someone complained about losing because he went short. Matt ( I paraphrase) reminded him the intermediate swing is currently up and shorting is now tougher to capture profit.
I hope you stay for a while. There are a lot of very helpful traders here. I believe it will grow on you. If after a few months if it doesn't fit your style you should look for a site that has more of what you are looking for. I have tried a few different places and this one feels comfortable for me. Another suggestion I have is to watch the blog for commentary from people who might have a similar approach as you and run your questions directly at them.
Good luck,
Pat