%%That’s great if it worked for you. How important technical analysis really is? I mean everywhere I look there is a talk of it.
ITS part of a profit...............................................................
%%That’s great if it worked for you. How important technical analysis really is? I mean everywhere I look there is a talk of it.
while technical analysis is not rubbish it is totally unnecessary.Forex technical analysis is the process of assessing the market conditions and choosing whether to buy or sell a specific currency pair. Technical analysis is based on the study of historical price action in order to identify price patterns and predict the future movements in the forex market through the use of technical indicators and historic price patterns.
Backtesting is not unnecessary. It is a mustwhile technical analysis is not rubbish it is totally unnecessary.
just watch the instrument...observe not analyze.
the most unnecessary things: elliot wave ,fib, indicators , volume, order flow, demark,....strategies.......back testing.
only the present price action matters
what market did in the past is not necessary......only the present is validBacktesting is not unnecessary. It is a must
%%Backtesting is not unnecessary. It is a must


while technical analysis is not rubbish it is totally unnecessary.
just watch the instrument...observe not analyze.
the most unnecessary things: elliot wave ,fib, indicators , volume, order flow, demark,....strategies.......back testing.
only the present price action matters


%%Yours truly landed at the Pearly Gates the same day as padutrader. We were both greeted by St. Peter. Then Pete handed the keys to the Penthouse suite to padutrader but to me he gave only a dormitory bed.
I asked how is this possible? You give a penthouse to a guy who killed an entire subject (TA) in one sentence?
Pete replied, "you don't understand, here in Heaven we go strictly by stats. When YOU posted at ET, people fell asleep but when .......trader posted people prayed fervently"


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I dont think its got much to do with a gamble. But like TX banker said\ always have margin.LOL
But like you hinted / IBD noted you snooze\ you lose.
Proverbs helps as much as prayers ;sell the corn or people will curse you\Proverbs 11
I would not limit that to corn also....................................................

%%
How on the ball is padutrader?
His years of struggling with trading ended when he discovered this:
Man who fight with wife all day gets no piece at nite

