Can price predict it's own future?
- Thread starter mikeriley
- Start date
Hello Scataphagos,
You are right about that my friend. No need to search any further than Price TA. Unless someone wants to go down a VERY lonely and cruel and pain staking rabbit hole of never return, only to find out a butt naked ass chart with price is all the eyes need.
Hello mikeriley,
OMG YESS, I thought I try it one more time this past Monday, and man after a few good wins, I lost alot of money one scaling in trade.
OMG, I am never doing that again. EVER. Yes, you get alot of wins, but that one loss, will hurt sooo bad and scaling in made me lazy when reading the price. I was just clicking randomly.
I will just accept being wrong and stop out.
For you "religious TA trades" there is some kind of dogma that you all are willing to die for. And obviously the rest of us are horribly wrong.
That way of predicting the future based on the past always amazed me. There is always a way to draw a line on a chart to explain some kind of nonsense based on esoteric behaviors. Look at the moon! price is going up
On a more serious note,
Price Action tells me if I should rather buy or sell and when to do it.
But it doesn’t tell me with accuracy where it’s going.
I’ve tried to pick tops and bottoms,
It worked sometimes but I kept blowing up.
Because I thought I wasn’t a slave to the tape.
Most of the time the price falls short,
Or it goes farther than expected.
In average it works but …
Averages don’t payoff
More of a tape reader,
Than a forecaster.
I don’t mind forecasting anymore,
It’s kind of a waste of time IMO
Better be an enslaved zen.
MMMMMMMh
Price Action tells me if I should rather buy or sell and when to do it.
But it doesn’t tell me with accuracy where it’s going.
I’ve tried to pick tops and bottoms,
It worked sometimes but I kept blowing up.
Because I thought I wasn’t a slave to the tape.
Most of the time the price falls short,
Or it goes farther than expected.
In average it works but …
Averages don’t payoff
More of a tape reader,
Than a forecaster.
I don’t mind forecasting anymore,
It’s kind of a waste of time IMO
Better be an enslaved zen.
MMMMMMMh
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Exited all 10 contracts, $257 in total. I am fine with that, I am not a rich ass
Now that I am out, price go up!!! we want mikeriley to make his bucks
For you "religious TA trades" there is some kind of dogma that you all are willing to die for. And obviously the rest of us are horribly wrong.
That way of predicting the future based on the past always amazed me.
You are going to hate this statement, but I'll say it anyway...
With proper Price TA, you know EXACTLY.. WITH 100% certainty... when the market/issue has changed from "buying to selling, or selling to buying*". ANYONE AND ALL who disagree are WRONG!
* Your objective should be to "get in tune" with that.
For you "religious TA trades" there is some kind of dogma that you all are willing to die for. And obviously the rest of us are horribly wrong.
That way of predicting the future based on the past always amazed me. There is always a way to draw a line on a chart to explain some kind of nonsense based on esoteric behaviors. Look at the moon! price is going up
What do you trade on if you won’t use TA?
TA does not necessarily mean drawing lines on a chart. You may not even use charts.