My good god, I'm loading the max number of replies per page and this is the 62nd page. It's not a thread, it's a Dickens novel, w/almost as many plots and characters, though unfortunately not nearly as interesting.
Why/how would any serious chartist/trader, novice or experienced, successful or struggling to be so, take the premise of the original post as any thing other than silly? Unless you're trading options or scalping (of which I know little, but they seem to be different animals), how can trading by a chart exist w/o trend? What is a chart but a depiction of the volatility cycle in an auction market, from low vol to high vol and back to low, consolidation to trend to consolidation and so on, ad infinitum, w/in all timeframes in a fractal market, as supply and demand constantly seek balance but inevitably over-compensate? Trend is inherent to an auction market, as is consolidation, they are its yin & yang. If one doesn't exist then neither does the other, and if neither, then supply & demand is a bogus concept and the market is the real myth. In which case we can all go home now and become accountants or apply to Burger King.
Next thread, in the Options forum - "Consolidation Myth Shattered! Price Never Really Goes Sideways! (And It doesn't Go Up or Down Either, BTW! So there!)"
I don't really get the point of the original post and link. So, mechanical trend-following systems you buy don't work? Trend-following funds don't work? Yeah, so? If they were the magic bullet, why would we all be working so hard to find our own way when we could leave it to someone else, or at worst, make our own trades by following the bright green arrows? Next profound observation: Wize-Trade is a sham! Discuss for a year.
The original premise is just smoke and mirrors. "Even the heroes can't seem to do it..." What Heroes? To whom? Guffaw!
H
Why/how would any serious chartist/trader, novice or experienced, successful or struggling to be so, take the premise of the original post as any thing other than silly? Unless you're trading options or scalping (of which I know little, but they seem to be different animals), how can trading by a chart exist w/o trend? What is a chart but a depiction of the volatility cycle in an auction market, from low vol to high vol and back to low, consolidation to trend to consolidation and so on, ad infinitum, w/in all timeframes in a fractal market, as supply and demand constantly seek balance but inevitably over-compensate? Trend is inherent to an auction market, as is consolidation, they are its yin & yang. If one doesn't exist then neither does the other, and if neither, then supply & demand is a bogus concept and the market is the real myth. In which case we can all go home now and become accountants or apply to Burger King.
Next thread, in the Options forum - "Consolidation Myth Shattered! Price Never Really Goes Sideways! (And It doesn't Go Up or Down Either, BTW! So there!)"
I don't really get the point of the original post and link. So, mechanical trend-following systems you buy don't work? Trend-following funds don't work? Yeah, so? If they were the magic bullet, why would we all be working so hard to find our own way when we could leave it to someone else, or at worst, make our own trades by following the bright green arrows? Next profound observation: Wize-Trade is a sham! Discuss for a year.
The original premise is just smoke and mirrors. "Even the heroes can't seem to do it..." What Heroes? To whom? Guffaw!
H
