There are platitudes and there are insights. And what do you refer to as insights? Numerically specific calls pulled out of the air and the repeated reference to "research?"
Although I trade using only price action, which qualifies as TA, I don't believe most of that stuff. Trading is about good entries and good exits. Predictions are beside the point. There is a distinction. Of course, that's just my opinion.
When I go long, it is because the market action tells me, based on my predefined criteria, that NOW appears to be a low-risk entry for what appears be to a momentary long bias. That's it. I have no idea in advance where or when that bias will turn but, with luck, my exit criteria will give me reasonable notice at around that time. Therefore, I see it more as reaction rather than prediction. To me, the idea of seeing into the future with numeric specificity is patently bogus. As I have often remarked before, perhaps my view is a reflection of my own limitations. But I don't think so.Quote from Pekelo:
Every trade is a prediction.(although time will only tell if it is a good or a bad one) You don't go long because you expect the market to fall, do you?
A prediction is the verbal expression of your market view, a trade is the numeric one....
In addition to my earlier comments about predictions, specific calls without an underlying basis have no value to a thinking person. Repeated reference to undisclosed and unexplained "research" hardly provides such a basis. You'd be richer with a bag of useful platitudes than a truckload of useless calls. Whereas useful platitudes can point someone in the general direction of how to fish, numerically specific price/time calls are just plain fishy.
