If you want to fail as a trader, study TA
- Thread starter The Expert
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Contrary to what most think, the LINES are very important!
The majority are completely MISSING the point, and a few here do know EXACTLY what I am talking about, but, they refrain from posting as they do not want to give away too much
TE, on the other hand, does not mind helping those who want to SEE, for, it is all about SEEING and DOING, not TALKING:eek:
Let me clarify again, if standard TA is making money for you then fine, just keep doing what you are doing, but, if you are trying to line up some squiggly lines to get a REAL edge, then, you might just be waiting a very long time, as the majority do
Now, I did say the we should be ready, and, I did say that the EUR/USD might well see another push down, which it did, and then, what happened, we had the anticipated rally that was a very good probability, based on THE CHARTS, not on the squiggly lines and silly things like FIBS, GANN angles, etc, etc, for, like Da Vinci Code, if you look hard enough you will find many things that will line up, but always after the event in trading, and, it is spotting a possible GOOD OP, and ACTING ON IT, that will make you GOOD money
BTW, never believe anything you read until you have proven it to yourself
I have got a PM that I have to think about
TE
The majority are completely MISSING the point, and a few here do know EXACTLY what I am talking about, but, they refrain from posting as they do not want to give away too much
TE, on the other hand, does not mind helping those who want to SEE, for, it is all about SEEING and DOING, not TALKING:eek:
Let me clarify again, if standard TA is making money for you then fine, just keep doing what you are doing, but, if you are trying to line up some squiggly lines to get a REAL edge, then, you might just be waiting a very long time, as the majority do
Now, I did say the we should be ready, and, I did say that the EUR/USD might well see another push down, which it did, and then, what happened, we had the anticipated rally that was a very good probability, based on THE CHARTS, not on the squiggly lines and silly things like FIBS, GANN angles, etc, etc, for, like Da Vinci Code, if you look hard enough you will find many things that will line up, but always after the event in trading, and, it is spotting a possible GOOD OP, and ACTING ON IT, that will make you GOOD money
BTW, never believe anything you read until you have proven it to yourself
I have got a PM that I have to think about
TE
Surely you SEE!
TE
TE
I think we get the point that TA / squiggly lines / fibs etc etc are useless, but do you ever intend to take the discussion forward and talk about what does work?
It seems that every post, you tell us what doesn't work, and then say really generic statements like:
'To make GOOD money you must do what is REQUIRED'.
Well, that doesn't help anybody! lol
I can understand if you dont want to reveal anything, but then why start a thread like this!?
PS, Im not being argumentitive. I can just sense confusion and frustration in this thread and i think in a years time we'll have 2000 pages where the only thing we would have learnt is that 'TA doesn't work' and to 'trade things with a big range'.
thanks
It seems that every post, you tell us what doesn't work, and then say really generic statements like:
'To make GOOD money you must do what is REQUIRED'.
Well, that doesn't help anybody! lol
I can understand if you dont want to reveal anything, but then why start a thread like this!?
PS, Im not being argumentitive. I can just sense confusion and frustration in this thread and i think in a years time we'll have 2000 pages where the only thing we would have learnt is that 'TA doesn't work' and to 'trade things with a big range'.
thanks
Quote from The Expert:
Surely you SEE!
TE
I SEE that UK time is on the chart, thats interesting, but TE uses US spelling of color, very intriguing!
If the lines are drawn as the chart unfolds, and then later the price reverses at those levels, then that suggests to me that bigger market players/smart money or whatever you want to call it, have a interest in those levels. Therefore trades should be made in relation to the levels we see, as the chart unfolds in real time. More conventionally S/R and supply/demand. I'm not sure if I get the big picture though.
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