Quote from bighog:The so called answers to do this successfully are all over the web for the taking.
You are not able to understand the process but that is no reason to reflect your inability to comprehend upon others.
No, bighog, they aren't. If that were true, there would be no losers.
Donna seldom takes less than 20 ticks on a trade, and never has losses thanks to the magical break even stop. (I heard she doesn't even need to trade any more, because Glencore paid her seven figures to teach Al Brooks, EMA, pullbacks, and 5 minute chart price action to their energy desk).
Top 10%? You guys are funny. You really think that top level of trading comprises 1 in 10 people? You're off by at least three orders of magnitude. I forgot that fully 10% of the membership here have 7 figure accounts and trade a million bbl at a clip. You can tell which ones by how many thousands of posts they have, the more posts, the more contracts they trade!
All good clean banter though, isn't it? Everyone here knows how well they do with these popular / easy methods which are just there for the taking all over the 'net. I sometimes wonder if folks are trying to fool others, or themselves...
Common sense is a pretty dear commodity here, isn't it?
Quote from macattack:
Any chance you could explain a little more on how I'm influenced by charts in ways I don't understand?
No, I think I'm done posting here. Not my job to think for other people. A few nudges yes, but you can lead a horse to water...
I suggested an alternative approach, which was in turn recommended by a member who most ought to be able to see is speaking from successful experience. Take it or leave it, everyone gets what they deserve out of the market in the end. Its a free world, and for the individual to choose which approach to follow.
When I post the obvious shortcomings of the popular yet unsuccessful approaches used by many on ET, it takes away hope from members who prefer the comfort of certain beliefs and delusions. You can generally tell which ones are stimulated this way by observing the personal attacks on my character. Its most interesting of all when those who KNOW their approach isn't successful try to defend same or similar approach. All of this is because I am an idiot, or rude, or negative, not because their approach is wrong. Today, I am supposed to have failed my driving class.
It appears you might even be influenced to resist any attempts to take away your charts. It makes you feel insecure. If that is the case, you're still holding onto a false belief that the chart and how you interpret it is somehow helping you, hence the reluctance to try an alternative approach. You need a major catalyst in order to break away from what isn't working. That hasn't occurred. It may do in your future, but nothing I can say will hurry it up. Have a think about what makes you feel secure and insecure. Dig deep into yourself, if you're brave enough. Probably a good time to examine your motives for trading also, and whether it is bringing you any of what you desire...
Do look after yourself ...this business isn't for everyone, and its sad to see people develop damaging obsessions...while being egged on down the wrong path by others who didn't make it either. Life really is short and your time is precious. Spend it wisely, on experiences which enrich you and those close to you. Sometimes you don't fully appreciate this until something happens...eg serious illness (you or someone close to you), death of a loved one, etc.
