Hi David, Got turned on to you through Vince Rowe. Really enjoy your take on the markets and daily posts- first place I go! Thanks for all the work and look forward to speaking with you.
Thanks Bill. I will try over time to flesh out some of the concepts of what I do in this blog. Lots of balls in the air, but I will get there eventually.
I am the same one that did the “Trader Interviews” podcast several months ago. Thanks. I hope to have the nets up and running at full speed shortly.
Trying to get video capabilities of my screens in place so that I can work on the cloud computing application project I discussed. Lost an archive drive, but fortunately the back up is safe and is being returned in DVD format.
Will try to improve. Videos will be coming shortly on how to read the reports and use them.
Hi David. I enjoy listening to you on Vince’s show. I was wondering, have you experimented with Renko charts? I have seen a few threads on factory forex about them. Thanks, Daryl
I have not, but I cut my teeth in technical analysis on point and figure charts years ago (before we had computerized charting programs that make this stuff easy to do. As charting and trading can be a visual thing, if it helps you see bigger trends (or the trends you are interesting in monitoring), I think they can work. The reason I trade primarily off of chart price action is that it is directly measurable. The only reason I add the nets to it is that I want to some statistical back-up for the trades so that I do not make the mistake of being psyched out of a trade. I will anger most trade psychologists when I say that if you know what your trade expectancy is, you do not apply emotions but only discipline. If Renko charts help you do that, then I would use them. Make sure that if your trade plan employs them, that you have a set of testable trade rules that you can track to make certain that the trades have a positive expectancy over the long run.
Hi David,
Enjoy your posts on stocktwitter. Viewed a couple of your webcasts and was impressed. I am in the lowcountry near Charleston and use tbird2252 for my stocktwitter handle. 2252, btw, stands for my birthdate…Originally from Lincoln County NC. Thanks again!
Great commentary. Very interested in learning more re you’re use of Fib retracements once you’ve taken a position either long or short? Might you provide your thoughts on exit targets? Many thanks!
I have been wanting to follow you on StockTwits. Glad I found your post and blog.I use PnF charts in my analysis as well as other technical tools. I live in eastern North Carolina.
{ 9 comments… read them below or add one }
Hi David, Got turned on to you through Vince Rowe. Really enjoy your take on the markets and daily posts- first place I go! Thanks for all the work and look forward to speaking with you.
Bill
Thanks Bill. I will try over time to flesh out some of the concepts of what I do in this blog. Lots of balls in the air, but I will get there eventually.
Hi Dave
May I please ask if you are the “david buffalo” that was interviewed by “trader interview”
this is an excellent blog. thanks
sean
I am the same one that did the “Trader Interviews” podcast several months ago. Thanks. I hope to have the nets up and running at full speed shortly.
Trying to get video capabilities of my screens in place so that I can work on the cloud computing application project I discussed. Lost an archive drive, but fortunately the back up is safe and is being returned in DVD format.
Will try to improve. Videos will be coming shortly on how to read the reports and use them.
Hi David. I enjoy listening to you on Vince’s show. I was wondering, have you experimented with Renko charts? I have seen a few threads on factory forex about them. Thanks, Daryl
I have not, but I cut my teeth in technical analysis on point and figure charts years ago (before we had computerized charting programs that make this stuff easy to do. As charting and trading can be a visual thing, if it helps you see bigger trends (or the trends you are interesting in monitoring), I think they can work. The reason I trade primarily off of chart price action is that it is directly measurable. The only reason I add the nets to it is that I want to some statistical back-up for the trades so that I do not make the mistake of being psyched out of a trade. I will anger most trade psychologists when I say that if you know what your trade expectancy is, you do not apply emotions but only discipline. If Renko charts help you do that, then I would use them. Make sure that if your trade plan employs them, that you have a set of testable trade rules that you can track to make certain that the trades have a positive expectancy over the long run.
Hope that helps.
Hi David,
Enjoy your posts on stocktwitter. Viewed a couple of your webcasts and was impressed. I am in the lowcountry near Charleston and use tbird2252 for my stocktwitter handle. 2252, btw, stands for my birthdate…Originally from Lincoln County NC. Thanks again!
David,
Great commentary. Very interested in learning more re you’re use of Fib retracements once you’ve taken a position either long or short? Might you provide your thoughts on exit targets? Many thanks!
I have been wanting to follow you on StockTwits. Glad I found your post and blog.I use PnF charts in my analysis as well as other technical tools. I live in eastern North Carolina.