Rewind Back 15 Years

sold eurusd 1.11625
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RedDuke said:
I back tested MAs over various products and time frames, there is no edge, you will loose over certain period of time.
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ma show what is happening NOW.
Context which means THAT WHICH the market has been doing earlier, will dictate what will happen LATER.

so you can many times use the ma to get a good entry and so you are right they do not dictate what the market will do.
 
i am beginning to know market movements ....but how the fu*k to make money out of it

like Brooks said every breakout will fail......he did not lie

but at different distance from the breakout price...

so how do we make money out of the failure?
 
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You are gambling because you have no idea what you're doing. Making real trades with real money, regardless of the amount, based on ephemeral inputs such as indicators and price action is the absolute apex of insanity.
Having said that, nearly everyone on this site thinks they are 'trading'... just look at the idiots on the ES journal who put real, live money on the most idiotic numerical concepts that are largely irrelevant to the functioning of the market. They are cannon fodder, nothing more. Don't get me wrong though, it's fun to watch!

Padu, do your homework. If you wanna trade crosses, you need to learn what motivates the currency to move up or down - and it isn't anything 'technical'. If you insist on being too lazy to do that and prefer to live out your technical analysis fantasy, you will continue to blow up accounts.

I am watching with great enthusiasm to see how long it takes this time.
 
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