This has nothing to do with prices. It's all indicator based and therefore useless. To confirm that it is in fact useless: it's for sale.
Just go and play with a market for a year or two, then we can resume the discussion. I understand that everyone has to start somewhere but I think...
My point exactly. Wait and see if it is or isn't. Even then it may not go very far.
I think you will find that there are far more reversal points than there are reversals.
The market has multiple trends that interact. You can buy high while actually buying low.
Agreed. No examples. I don't want a bunch more orders on my bid/offer.
No. The traders job is to note what is happening and join the move. The prediction you make is that the move will continue. With experience you...
Couldn't agree more. I've been a chartist forever. Never considered any thing else. Trade what is happening right now even if you think the market...
I was answering the question in the last sentence. The one with a ? at the end.
Not necessarily. You just have to find a chart on which it works. People have been doing that in "How to Trade" books for decades. It's how you...
Absolutely correct: The average "lifespan" of a trader is four months. So a constant supply of fresh meat is required. Telling traders to go and...
Why would anyone want to know this? I would be interested to know. It can't be of any use for trading.
The context here is trading. Of course seconds do not occur randomly. Does that even need to be stated? Lets look at it in a different way. When...
I think you will find that most of the people on here try to use indicators. Of course if you have an idea you have to check back a few days to...
Price is not random, but time is. That invalidates all back testing (curve fitting) on time based indicators.
If the market is going up look at the distance between successive highs. Is it expanding or contracting? That is how to gauge momentum. Vise versa...
The fact that this is for sale is evidence that it doesn't work. Looks like a rehash of Hurst's stuff from way back. It was possible to buy a...
My income depends on knowing where the orders are. This is trading 101. First thing a new trader is taught. No I will not demonstrate.
First a disclaimer: I don't trade daily charts. It's hard to see why anyone would be surprised by an extension of the down trend. I take notice...
Setting a target is very difficult, again my answer would be“it all depends”. A very common method I use is to go long after a pullback and get...
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