let me tell you since you are a good guy.
any thing can be traded because the banks need us to take the other side of the transaction.
that is why and the only reason 12 years back that I started day trading because they have to convince us to take the opposite side ….so we know which side we have to take.
i did not expect to take 12 years to find out, how to actually turn theory into practice but that is the only reason i lost 100000usd and am still trying to figure it out.
we need some sort of reasoning and I found that reasoning in Al Brooks MTR.
MTR basically says do not go counter trend until there is considerable strength shown by the counter trend traders and even after a show of strength wait for a good reversal signal.
there is simple but solid technical reasoning behind this
They don't need us to take the other side in any trade, it's not about every trade they make being a profit.
What they want is retail on mass, losing $100 per month, how it's lost doesn't matter.
Banks/Firms have Billions invested and they fight each other to try to get more than others, just a sport to them, but they pretty much all make a %%% every year, be it 5% over Bank rate or 20% over, ALL of them, because there profits come from Retail losses.
Millions of us dreaming and losing $100 per month soon add up, the odd big fish like you blow 100K, or the odd 1000 blow $100 doesn't matter.
There good at what they do, it looks easier and feels easier to take a counter trend trade, or reverse a big spike up, when you work out what they want you to do, you merely need to stop falling for the traps.
The odd profit, makes you think, counter trend is beatable, but that can drop to 20% profit rate, it's all just a carefully planned way to take everyones in the world money.
