How many of you (small timeframe) traders take PA into account?

Is PA a major deciding factor for you when placing a trade?

  • Yes

    Votes: 28 87.5%

  • No

    Votes: 4 12.5%
  • Total voters
    32
marketsurfer said:
Time has nothing to do with it. You need an edge, and its not wasting time in front of a screen staring at charts. Sure it may work, but it fails for 9 out of 10. Not good odds and s waste of time. Yes, study is critical but study the cause of price movement not the result (price). Its logically flawed to believe that by looking at the result of certain actions -- you can increase the odds of being correct in guessing the next action.

surf
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Surf, of course you need to understand who is moving the price and to what aim, but I suspect the reason why 99% fails is because they keep looking for the holy grail or the ultimate edge and are too lazy or unfocused to actually do the work which is not studying book after book (a waste of time and actually counterproductive) but looking at what happen in real time long enough that you start figuring things out. As there are things that happens every day with incredible consistency but are not taught in books.
 
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