Why Do Most Retail Traders Favour Technical Analysis ?

DDR · Jul 4, 2015

dbphoenix said:
Blue Line Jumps 11 Per Cent

US based companies only, but who's leading who these days.
Europe or US ?
Is there a similar index for Europe ?
I would like to compare the two.

DDR · Jul 4, 2015

countercountertrend said:
Point - methodology isnt that important. What is important is fit, practicing and acquiring skill, and mastering your psychology.

Spoken from experience, what mark out of 10 would you give yourself in having mastered the psychology side ?

Buy1Sell2 · Jul 5, 2015

NoDoji said:
A range is a series of alternating trends when you drill down to a smaller bar interval.

EXACTLY RIGHT

countercountertrend · Jul 5, 2015

DDR said:
Spoken from experience, what mark out of 10 would you give yourself in having mastered the psychology side ?

Honestly I'm not that experienced, I'd say 6.5/10 for psychology because I have a very long way to go. My mental state during trading is not as consistent as I would like. But improving my psychology is what took me from being a losing trader to being able to manage consistent profits even though I still make a lot of mistakes.

wwatson1 · Jul 5, 2015

In Forex, when the European session starts and one currency is moving fast in one direction, which is the direction on the longer trend, it works quite well for making a short day trade, there are times when price reverses but if you know how to you can use this to get a larger position at an even better price within the trend.

Buy1Sell2 · Jul 5, 2015

marketsurfer said:
Great sign. I was on the north shore at 10 years old. Those waves were terrifying with how close they broke to shore when i was there.

Buy1Sell2 · Jul 5, 2015

i960 said:
In fact if something is priced fairly and a market is operating efficiently it should be expected to range until external factors either change things, buyers or sellers significantly alter their expectations, or something else happens. It's just that the latter 3 happen quite often, but it doesn't mean that they always have to happen.

FALSE

i960 · Jul 5, 2015

Buy1Sell2 said:
FALSE

Hah so your idea of an efficient market is one that is constantly trending up and down vs mine which implies a form of stasis with trends inbetween.

Obviously we can play games with the zoom dial and argue perspective based on timeframe but reality shows periods of consolidation, sometimes of noticeable duration, between trending periods.

marketsurfer · Jul 5, 2015

there was a crank engineer type on elite who was callng every 2 ticks a "trend" not so long ago. Delusion is runs deep in this business. surf

dbphoenix · Jul 5, 2015

DDR said:
US based companies only, but who's leading who these days.
Europe or US ?
Is there a similar index for Europe ?
I would like to compare the two.

It's a joke.