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NO wonder he goofed up his not flexible trend lines; red is for sell +blue or green can be a buy..
Technical Analysis is total rubbish! Here's the proof!
- Thread starter SillyWilly
- Start date
NO wonder he goofed up his not flexible trend lines; red is for sell +blue or green can be a buy..
Silly Willy has obviously tested all the technical analysis strategies under the sun and found each of them to be lacking. What a service he has provided all humanity!
As for me, I believe I am extremely close to finalizing my own pile of rubbish, which can be summarized with the oversimplified instructions of buying when price climbs above the thick dashed navy blue moving average seen below, and sell when price falls below it.
I keep thinking I’ve finished tweaking this recently adopted “Numerical Price Prediction Forex Scalping Strategy” only to discover that I have not, but this morning it’s working exactly as designed with the only losing trades occurring when “over trading” by entering positions under ambivalent conditions for study/research purposes—so this just might be it!!!
As for me, I believe I am extremely close to finalizing my own pile of rubbish, which can be summarized with the oversimplified instructions of buying when price climbs above the thick dashed navy blue moving average seen below, and sell when price falls below it.
I keep thinking I’ve finished tweaking this recently adopted “Numerical Price Prediction Forex Scalping Strategy” only to discover that I have not, but this morning it’s working exactly as designed with the only losing trades occurring when “over trading” by entering positions under ambivalent conditions for study/research purposes—so this just might be it!!!
Your lines are drawn incorrectly. Thank you for your time.
I forgot how sensitive technicians were. Sorry if I hurt anyones feelings posting this thread. I would take it down if i could...... I agree my lines are a bit off, maybe if they were drawn correctly, the breakdown would look more convincing.....
i guess not everyone can see it or use it. That’s like saying black jack is a rubbish game for a casino since the dealer doesn’t win every hand or every players game. TA or PA is meant for odds, winning percentages and risk rewards.
Problem is most people think that TA is meant to be a highly accurate predictor of markets. Then they form an opinion and get married to their opinion.
Problem is most people think that TA is meant to be a highly accurate predictor of markets. Then they form an opinion and get married to their opinion.
Good luck with that. Seriously, you're gonna' need it (luck).
ROFL