Turveyd
The "shame on you" comment..., like a parent scolding a child - then you speak of other's ego - really
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Delusional as well
Pulled straight fom JS' Journal
RN
Will i ever get it.
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Turveyd
The "shame on you" comment..., like a parent scolding a child - then you speak of other's ego - really
======================
Delusional as well
Pulled straight fom JS' Journal
RN
You say that, then shoot down well me who offers an alternative instantly.
No No No I want you to stay on track with PA, pay attention to me ( or similar )
You say 1 thing and ram your opinion down his throat the next.
And for someone who makes 5K per day average your on line a lot, suspicous big time.
Please show evidence of what you accuse
btw..., stumbled across another one in JS' Journal
RN
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The bit, where you go all Pro PA and it's the only way and try to run me off the thread, it's a few posts.
All you do is talk, psychology ( no issues with this, but you need trade logic), and just mention PA, PA's the way to do it.
How about for once, giving an actual profitable PA setup in detail which we can test ?? no, you don't want to share your edge BS!
recent turn in the discussion reminds me of these quotes''
If the vast majority advocate charts and/or indicators and/or TA and 80-90% lose in the markets, wouldn't this outcome lead a rational person to suspect that something was not right? Aiming to be better than the vast majority at employing an overwhelmingly unsuccessful approach seems to me to be a strange ambition, but then again each to their own. Wouldn't it be smarter to feed of the 80-90% rather than compete with them for some dubious outcome''
'' I'm yet to know anyone personally, myself included, ( where I can verify ) who has made consistant major money using only traditional chart reading and /or Indicators in the 15 years I've been at this. It takes a far greater understanding of the particular markets' behavior, this I suggest gives the edge that makes the difference, even if the particular person were to scream "charts, PA, indicators or any number of other approaches as their reason for success.''
''how many times have you seen a break-out where many people jump on just in time to see the move reverse and rocket the other way. Everything, charts, indicators,PA, etc was saying hop aboard yet you got your butt handed to you? You can argue - tight stops - but there's a recipe to die a death of a thousand cuts with a reduction in the number of trades or increased risk, then again try wide stops, suddenly the RR starts to look like 2-1, 3-1 against or worse, another recipe for disaster, but at least you won't have to suffer the thousand cuts as it will be over quickly''
''the market virtually always telegraphs it's intentions, but this vital information cannot be found with traditional price charts / price action, technical analysis or traditional indicators''
If the vast majority advocate charts and/or indicators and/or TA and 80-90% lose in the markets, wouldn't this outcome lead a rational person to suspect that something was not right? Aiming to be better than the vast majority at employing an overwhelmingly unsuccessful approach seems to me to be a strange ambition, but then again each to their own. Wouldn't it be smarter to feed of the 80-90% rather than compete with them for some dubious outcome''
'' I'm yet to know anyone personally, myself included, ( where I can verify ) who has made consistant major money using only traditional chart reading and /or Indicators in the 15 years I've been at this. It takes a far greater understanding of the particular markets' behavior, this I suggest gives the edge that makes the difference, even if the particular person were to scream "charts, PA, indicators or any number of other approaches as their reason for success.''
''how many times have you seen a break-out where many people jump on just in time to see the move reverse and rocket the other way. Everything, charts, indicators,PA, etc was saying hop aboard yet you got your butt handed to you? You can argue - tight stops - but there's a recipe to die a death of a thousand cuts with a reduction in the number of trades or increased risk, then again try wide stops, suddenly the RR starts to look like 2-1, 3-1 against or worse, another recipe for disaster, but at least you won't have to suffer the thousand cuts as it will be over quickly''
''the market virtually always telegraphs it's intentions, but this vital information cannot be found with traditional price charts / price action, technical analysis or traditional indicators''
Well said sir!!
You'd really think people would go, everyone is losing, most that say they aren't are likely lying, so rather than follow them, I'd make up my own plan and go my own way.
Sheep mentality!
It's not a belief.. It's actually how I make my money from the market.. I'm sorry you aren't willing to learn PA. PA isn't about a candle stick that's name Dojis, pin bars etc.. Very sad that you think like this..
You are dismissing the power of positive thinking. It keeps most people afloat until their money are gone. My estimate is that 99% of people on forums are sustained by nothing beyond positive waves. This is why they'd get very upset if you tell them they are heading into disaster. Someone genuinely profitable couldn't care less what you tell them if what you say contradicts their incoming profit. Often you can tell from people's reactions if they are making anything at all.
People lose in the markets not because of TA or indicators, rather they refuse to believe the banks taking the other side of their bets are in it for profit.
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So go on then, what does PA mean to you, it's used every where, most are trying to read candlestick patterns like it's tea leaves, an actual description for once rather than just randomly throwing in PA!!
Is it randomly drawn S/R lines, which work great after the fact but useless live ??
Or Fib % crap ? or Pivot points ??
What is wrong with my method, it's simple........
If the market is going up, go long ( on a pull back ) and exit when it stops going up ??
What afraid someone will actually make some $$$'s ??
No they keep going as they have the occasional random success with a method which is producing random entrys then they think there method is real and keep repeating and forget all of the losing trades they make.
People are stupid sadly!