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Guess he's speaking more of non-realistic expectations. I tend to concur about it.

What's the difference then between reading T&S (aka tape) and graphical presentation of the same trades aka chart? :)

Mastering fears of what?

I agree with this point. It is simple and doesn't have to be complex. Technically. But pretty hard emotionaly/mentally to get to that rare stage Surf is talking about (he's more or less right about it).

I don't use indicators myself, but know some people who do. And they don't use indicators in the way they lag (being derivatives of price indeed), but in a way to filter out some price "noise" and must say, quite effectively. So it depends. :)

Aha, so you agree such skills DO exist in the traders population, just can't be quantified?

You didn't answer my question... :) Is it really the most optimal or the only way to trade in your opinion?

In my experience 90% lose not because they use charts, they would lose without charts just as well, and they actually did lose before TA got popular too... Now, you say taking trades based on what chart shows is BS... What makes you think it's impossible? As for institutional traders, they...

I'd be much happier to believe it's more like 99%. Seriously, 90% would make it way too easy game. Success rate in other good games, such as becoming even local champion (not even speaking of Olympic winner) in any kind of sports is way, WAY lower.

How do markets really work?

What are price drivers? And what if someone shows consistent profit trading purely off charts? That's just luck?

Oh, I see...

How can one know what is going to happen in future?

Could you please elaborate? The chart shows nearly all trades being executed in the given market, including institutions, insiders etc. Or it doesn't?

What did they say about "brilliant minds"... :D

Doesn't the chart show the result of those "big boys" activity just graphically presented?

Did you reverse in any direction after that S?

Both Euro and ES are playing with last swing high (RTH HOD also for ES).

Here the ES long signal goes... Euro potential short setup may be cancelled if more up...

Jack are you L or S now?