Well, TZ, post some of your calls then. It shouldn't be too hard to post them since you work on the trading floor. Please enlighten us with what works and that is proven by a major institutional study.
Lines are just lines. They could be fibs, pivots, trendlines, high/low, market profile. It doesn't really matter, as long as they give you a trigger to enter the trade. It is commonly used as a point of reference to determine risk/reward ratios. Not really a hard concept. I know I use my own lines to trigger, and they work for me. Besides, I can see it as a complimentary component to Amy's system of using a relative strength pairs system.
Why you can't accept this? I have no idea.
Major Institutional studies also claim that TA and short term trading doesn't work. Now what? Should we all just give up daytrading and follow Warren Buffett's buy and hold strategy?
Lines are just lines. They could be fibs, pivots, trendlines, high/low, market profile. It doesn't really matter, as long as they give you a trigger to enter the trade. It is commonly used as a point of reference to determine risk/reward ratios. Not really a hard concept. I know I use my own lines to trigger, and they work for me. Besides, I can see it as a complimentary component to Amy's system of using a relative strength pairs system.
Why you can't accept this? I have no idea.
Major Institutional studies also claim that TA and short term trading doesn't work. Now what? Should we all just give up daytrading and follow Warren Buffett's buy and hold strategy?