With all due respect, the below statement is typical textbook nonsense....usually regurgitated by those who insist on reading books instead of studying charts and thinking for themselves.... Try putting away the textbook and open a few charts....if you avoid the bulk standard time-based charts, you might be surprised....
Are you not truly being ignorant like those closeminded textbook folks whom you are 'pointing' out when you blindly believe everyone's opinion is based on "textbook factoids" just because it is indifferent to your ideals? What makes you any different than them? Oh the irony ...
houstonmark: have it your way i don't care about you pointing a finger at me. what i say is what i see in the markets every single day. i would appreciate solid counteragruments. spike: i already told you earlier in the thread that this thread is not about you. who cares you trade since 1990? care to elaborate on what or how you traded back then? doubting i "ever" traded intraday won't help you... with this, if discussions will not stick to the subject and clear ideas cannot be picked up, solid counterarguments not served, i will have this thread deleted (i hope i can) as it doesn't really serve anyone but see who is dissing who around here.