Great, you make money. Don't attribute it because you apply laws of universe to human behavior. This is as false as it gets. Keep thinking that's the reason.... You have absolutely no idea what you're talking about.
If a law is universal, then those laws would apply to everything in the universe. Either humans are part of the universe or they are not. The oldest written records were a form of cuneiform which when deciphered were in the domain of accounting, specifically inventory. The market’s are as old as civilization. Since they operate on human emotions, and since the spectrum of human emotions haven’t changed, then the market’s haven’t changed either as a venue to determine relative value. Market’s are venues of voluntary participation. Participants are always getting their needs met, otherwise markets would no longer exist. Sometimes a participant isn’t fully aware of what emotional needs are being met. The flow of market information is derived from a continuous dual auction market system of operation. When decoupled from time it flows through a sequence of events. The market can be viewed through a fractal perspective in that the same pattern can be seen in the smallest and the largest timescale. This pattern is composed of three moves of price corresponding to four moves of volume. There are three types of turns which compose four types of trends. These types of trends can be further categorized into 56 unique sub trends. All trends continue until they fail. When a trend fails it corresponds to the start of it’s opposite and complimentary trend. Trends failing is what produces cycles of oscillating price/volume combinations. All of the above can be observed by examining the flow of market information in it basic granularity, which by a prevailing belief structure the majority are unwilling to do. The perception of the above is determined by the beliefs one has either chosen for themselves and/or been inherited through the dominant cultural paradigm. The market can be observed as flowing through a sequence of events, much like driving a curved mountain road or sailing to a distant port. One either does the personal due diligence to understand those sequence of events or they do not. Each path has it’s own just rewards. For those whom don’t seek to understand the unknowable that can be known, all of the above sounds like gibberish from an imbecile. For those that do seek understanding, then the possibility of extracting the market’s full offer comes into view and it’s subsequent realization.
so you admit do being 'fooled by technical analysis' and calling others a fool when you have yourself admitted to being a fool and documented it for the whole world to see. well i have not been fooled by technical analysis and i am going to prove it by posting all my trades. in a new journal.
Momentum trading is trend trading. "Trend trading is a trading style that attempts to capture gains through the analysis of an asset's momentum in a particular direction." https://www.investopedia.com/terms/t/trendtrading.asp
I was never fooled by technical analysis, fortunately. Good luck. Don't get caught with one of these... That upward momentum tho...yikes.
then why the book you admitted being a fool .... if you were not fooled then you admit you are writing about something you know nothing about