what if this is all a conspiracy?

[Bad_Badness]

The two most important things I found about ta:

- using range and volatility are the most important things to consider, and

- using simple chart patterns and indicators is a complete epic fail; you need to combine it with market internals (vix, trin, in vs out day) and risk management. Also expect every breakout will be a false breakout and therefore use entries that are not obvious from horizontal support and resistance "dumb money" lines

Remember always, the math is more important than the chart patterns

I would add time of day, within the trading day.

 

[KCalhoun]

I would add time of day, within the trading day.

Absolutely, especially on slower days. I like 9:35-10:30 best. Though I also nailed AMC breakout this afternoon

 

[steveday76]

Institutions (brokers, banks, hedge funds) are the market. If you have not figured that out yet, you best stay out of the stockmarket. Your false assumptions guarantee you will be broke in short order. The market structure never changes, only the fools trying to guess how they can outsmart the institutions, and take their monies. Good luck with that.

Agree with this.

 

[Bandiginn]

I also thought about it, but then I remembered that forex market is driven by institutional investors.
If we talk about technical analysis, the inclinations of the patterns like 'hammer' are unfamiliar only to us, but they are concrete indicators for the economists. Nobody really explains to us intrinsic processes which lie behind those patterns that is why it seems to us as a magic or a certain convention among the traders. However, those patters signal us about some massive operations which are implemented by the banks or funds. Different indicators and charts only show us the trends but they are not trends themselves. It is only the representation of the information which we observe in the trading platforms. Nobody trades candlesticks themselves, real traders base their decisions on the information which lies behind those bars.