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That's exactly why I started this sort of discussion: because there's an obvious lack of truth online about the business. Time to change things. :)

I develop a technique which more effectively combines "away from" and "towards" drivers of motivation to help traders perform better. While online resources are full of positive experience being shared (fake or real it doesn't matter in this sense), people are very reluctant to share negative...

Provided such a return is combined with low risk and high liquidity it's good.

The only thing that worries me about blindly trading price patterns is WHAT causes them exactly? To know it is important in order to know if they are about to stop working.

Due to my recent research and online project I collect personal stories about FAILURES in trading/investing field. Doesn't matter if from the past or you are still a struggling trader, anything that you have done, but would rather NOT do again. Anyone interested in sharing such stories, please...

OK, let's continue... first hyoothesis that market patterns are a kind of self-fulfillng prophecy received neither enough ositive nor negative confirmation so far. In tries to understand the market I ask myself now: what makes a trade profitable? Obviously enough volume of activity in our...

Too many people know me personally on this forum to suspect that. It just happened you are not one of them. :)

Should it be stopped?

Besides IB's sim account, what are good free access simulators to test option strategies more or less realistically (I understand that fills can't be predicted precisely, but something which at least allows to enter simulated trades and show their progress somewhat close to reality)?

Speaking of intuition aka "the zone" quite few participants of this thread admitted it's importance.

I read it in his book related to 2008 crisis, so not too long ago. Would be very interesting to know what VN thinks on the matter.

Very interesting observations, KDA. Thanks a lot! Actually, I wasn't going to only limit this thread to technical patterns, so your words about MA fit perfectly and if you don't mind explaining, it would be of great interest to know more details on what exactly you mean by this term (MA).

George Soros at least more than once claimed that top money managers have very well expressed mass mentality as well. Which means they are very often in the same trades at the same time. In theory it means that because mass psychology is much more primitive and predictable than individual...

Could it be everything is simply so arbed-out nowadays with all those algos exploiting every little discrepancy that it causes synchronous moves?

Definitely that's not a clear matter to discuss. Nevertheless, very interesting. Having an academic background, I never was satisfied with just "this works" approach. Always need answers WHY it works as well.

So we have at least one interesting theory here: that major TA structures are manufactured artificially in order to keep market within somewhat logical boundaries...

So in your opinion, whole TA is marketed product pushed by someone to retail customers?

That's fine from trading standpoint, but what is the cause of those patterns forming in your opinion? They form randomly, then attract people and become non-random or form as non-random action from the start?

Great explanation as always, but what are the reasons behind market participant actions in this case? TA pattern itself acting as a self-fulfilling prophecy? Or something else?

Very interesting as always, NoD. I didn't know before you use high time-frame levels/structures. According to the topic of the thread: what do you think drives the price in this case described by you? Technical levels acting as a self-fulfilling prophecy, attracting market participants? And...