Technical analysis :useless junk science

Quote from oilfxpro:

Here is a 60 pip spike, indicators are up , trend lines are up and old ta farts have been taken out with their 3 pip stops .
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You sure they have? :)
 
Quote from oilfxpro:

Here is a 60 pip spike, indicators are up , trend lines are up and old ta farts have been taken out with their 3 pip stops .
More...

looks good to me.

you need some better tech.

3 pip stop, how dumb ass is that..........?
 

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Quote from eurotrasher:

looks good to me.

you need some better tech.

3 pip stop, how dumb ass is that..........?
More...

Well, 3 surely requires very good timing, but 6-10 is just fine for me in most cases. :)
 
Quote from eurotrasher:

looks good to me.

you need some better tech.

3 pip stop, how dumb ass is that..........?
More...

How would ya know when to take your 3rd arrow long?
 
Quote from Xspurt:

How would ya know when to take your 3rd arrow long?
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I f your 3 pip stop worked on that entry , ,you would made 80 pips at $1,000 a pip today $80,000, pity noob sandwiches await!
 
How fast do you think the market turns? Do the computer programs turn on a dime or do they wait on retail traders with AE's to pile in and help the move?

Is 1 pip a big reversal for the algos? How far would they let price go against them? 1 pip? 2/10ths of 1 pip?

If you watch the move on a 15m chart when is the "smart" time to act?

Tell me when I should get in and where I should place my stop so I am smart... like you?
 
Quote from oilfxpro:

I f your 3 pip stop worked on that entry , ,you would made 80 pips at $1,000 a pip today $80,000, pity noob sandwiches await!
More...

Both me and Xspurt know one trader, who normally times his entries with mental stops of like 2-3 ticks in futures, regularly turning such trades into gains of 7 figures each... Only what limits you is your beliefs. :)
 
Quote from cornixforex:

Both me and Xspurt know one trader, who normally times his entries with mental stops of like 2-3 ticks in futures, regularly turning such trades into gains of 7 figures each... Only what limits you is your beliefs. :)
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Well, belief and what you see to base that belief on
 
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