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You're excluding speculators, we are all speculators and like it or not, we watch same levels, because they are apparent. It's not randomness. But I respect your opinion. To add, of course randomness is present in markets, I don't deny this.

Price often travels between past levels of interest, often price will breakthrough these levels and for these times I have risk management in place. That's how I try to extract money trading charts. Admittedly, it's probably inferior to how you trade. Yet, it works.

Yes, this is true. Visually though, charts offer a quicker referencing point.

Stop moved to 12960

NQ 1 hour chart.

NQ, I'd have normally closed position here, but due to consolidation period I believe we go through this upcoming level that was resistance not too long ago.

Evaluating past vs future price performance, the reason charts make sense, is because often what happened in the past still may have the same level of interest in the future. If you don't know what can happen to price, reversal and consequent range expansion, even if it's 50/50 expectation...

Long NQ 12960 Stop 12750 Aiming for 13300 or higher

Stopped

R2k

Almost got stopped out, was close. Still hanging on to the NQ short.

Haha ok

Sorry. I'm on the other side and I think we sell-off, eventually.

Price action is represented by a chart. Double bottom is both a price action and a chart pattern.

Moved stop to entry price level, just in case market takes off.

No, I would not pass on such an offer. But then you can show me how to build a Tesla for free, it may not be my cup of tea, as they say in England.

You are barking up the wrong tree pal, pros have their ways and retail have theirs. Sounds like you never have losing days in this fabulous world of yours, a world without charts. Why not talk about something more exciting like risk management, talking shit about charts is fun, but is totally...

Cor, have a coffee dude and chill.

I think we are discussing apples and oranges, pros have their ways and retail have their own, levels work, not all of the time, nothing does, but they offer enough information, if they didn't, then looking at a chart you would never be able to see any sense. There are two main camps, bulls and...