Rewind Back 15 Years

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this is what I think. Above horizontal line I'll change my outlook
 
Heydrrich said:
If what you say is going to happen then we'll get something like this.
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which means:
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this purple line is going to break. I find this unlikely, since it is very strong resistance
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some more trendlines that paint a different picture....but I am not basing my analysis on trend lines even though I rely upon them greatly.
the lines I have drawn SEE CHART show short term strength so that line you drawn may well break ….since it is such along term trend line it may just break it and then come down....I think this could happen
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padutrader said:
I am been stressing that I am looking to understand market movements rather than 'strategies' because strategies, not based on market behavior, are just at best a 50-50 proposition. These will still work well if you have good risk and money management skills. but I did not want to acquire those because I never believed markets were risky.

I have always believed markets were manipulated...not aimlessly manipulated but manipulated with sole aim of taking your money.

so if I could find their game plan then I could take their money.

For this reason I was never comfortable with trading randomly and putting random targets and stops based on some vague presumption not in cognizance with market behavior.

what I described above is something I like because wedges are predictable :this allows agood non random place to put a stop, which will not be hit unless Trump gets assassinated, which any half sensible person would attempt to do
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padutrader,

Did Al Brooks mention the markert was manipulated?

I think us retail traders have limited resources and should trade what we see.

I think us retail traders should practice in real time what we belive will make money. Constantly manage the trade. Use our experience to control our risk and rewards.

I think we should always say to ourselves, what if I try this and take 50 trades at trying this.

I belive we should find a way of trading we comfortable at.
 
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padutrader said:
thanks for posting charts...so few do that....thanks for your views I see you are trading Elliot wave...I traded it for 5 years from 2004 in indian stocks..
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Im just trying to read charts based on impulses. Ive never read a book from cover to cover about EW or TA and im not going to ha.
 
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