Rewind Back 15 Years

the movement of eurousd appears primarily to be this ....break the high and then break the low and then break the high it made and then break the low....
in this manner it will trigger all stops of bears and bulls who then will either go bankrupt-if they continue putting stops-or will give up and find something else not so nasty.....
of course once in a way in day it will triger stops on high or low side and then keep going.....so traders are totally confused and frustrated and if not bankrupt will trade emotionally with rather unpleasant consequence.

i know this from personal experience
 
if you trade the trend what does it mean?

it means the highs are far away and you can see the market making low after low, so traders think "Hmmm making new lows ,trend is a my friend"

but if you can see the many lows market is making,

then it is making a bottom.

market hammers out a bottom.
 
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Do you really think GS trades with stops?

they do not leverage either.

so they do not trade with scared money.

if you leverage you have to buy the low and sell the top and you cannot afford to be wrong. but you cannot buy the low and sell the top....

brokers give you leverage but even they do not know the top or bottom to tell the traders....so sell those greedy pigs to the wolves

traders do both.....and brokers are dancing with joy to the bank
 
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see the range that is on the chart...traders are buying low selling high....you can see the mess.

the only way market can clean up that mess is a breakout-high side or low side - which will fail.

and then all traders are just watching and GS and his mates can then move the market in the other direction without any opposition
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i know no one will believe what i have just said.

they will ask :If you know so much, how did you lose so much?

that is exactly why i know.....because i lost so much....
 
I've been looking at the charts you post and here are the things I see:

1. Clearly there are areas of support/resistance even on your low TFs
2. One can only know about these S/R afterward

Conclusion: you have to guess where it is before it is formed.
 
nooby_mcnoob said:
I've been looking at the charts you post and here are the things I see:

1. Clearly there are areas of support/resistance even on your low TFs
2. One can only know about these S/R afterward

Conclusion: you have to guess where it is before it is formed.
More...

these so called support and resistance on one time frame do not exist on any other time frame .

so they are a mirage.......you see a mirage ..now....but the mirage is not to be seen afterward.

you may assume i am trading S/R but i cannot trade a mirage....

so you are right
 
nooby_mcnoob said:
Conclusion: you have to guess where it is before it is formed.
More...

i can see on a chart when markets are bottoming out or topping out..... but i cannot buy the low and sell the high so i have to suffer some draw down.
if i have to suffer draw down then it is stupidity to put a stop...because it will trigger.

and yet ,here, over leveraged traders tell me i am stupid not to put a stop?

you have to think out of the box

if you listen to experts, you will never understand, what you are doing because they know only shit: they have never traded and lost money.
 
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everyone says :you have lost so much money -you are an idiot- why should i listen to you?

that is exactly why you should listen to me. because i lost so much money.

you lose money by trading but without trading how can you learn?
 
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