can we talk about traps in the charts that noobs fall for?
- Thread starter mute9003
- Start date
Confirmation bias. You see something and go and look for where it works. BUT what you should be doing is spending 80% of the time looking for when it does NOT work. When you cannot find it not working after using a STRICT rule based description, then it has just passed filter 1 of 10.
Knowing when it does not work is more valuable than knowing when it does work.
Knowing when it does not work is more valuable than knowing when it does work.
100% agree.
Majority lose, majority look for confirmation not rejection. Yet they don't understand why lose so often.
Pattern failures are some of the best trades.
Noobs usually set up traps for themselves.
Going back to the OPs assertion, 3 strikeouts usually apply to TA as well. Anything more than 3 touches should be seen with suspicion.
noobs are the ones setting the traps.
Personal responsibility is an anachronistic idea in woke America. It is easy to blame HFT traders or market makers or PFOF .Think male millennials still living in their parents' basement and girl friends picking up the dinner tab.
Last edited:
or much worse is Cuomo (D) former governor of NY not owning up for the deaths of hundreds if not thousands of elderly people from the virus in nursing homes. There is no comparison between a POS and a murderer.
I deleted my post. Suggest you do the same to keep topic on point.
Too late for your "woke" one.
"if you can't take the heat stay out of the kitchen." Take responsibility for creating the screwup.
Me lol?