So 5,000 free systems on the internet , all of them are useless and broker statistics confirm the truth. I get it , the advantage is lost or it becomes more difficult to use for yourself.
My first to question to educators /trainers is why are you selling old rope?.Of course you got money for the old rope. The phrase came to mean money for anything (seemingly) worthless.Why are you not using this education yourself?
It depends on which portion of its one is looking and through which time period some of it ranging, some of it indicates clear trends I look at the market as at some sort of a pinball machine, where the ball (price) falls or rises through an array of pins, levers, cups, traps and various obstacles. On the picture you showed same thing happens. The trader has to define the trend and S/R and through his definitions to decide how he treats each situation.
Don't forget that it depends what one is trading. This idea that any trading method can be applied to any instrument is a lie (only exception perhaps HFT).
not any, just the universal ones and those that are not universal will not survive long even on the single instrument
On that chart , it is difficult to trade , because every time you enter a trade , it reverse . The problem is psychological .We can not just sit in front of a screen , and do nothing , usually get sucked into trading when we should not trade.It is emotionally difficult to sit and do nothing , because our emotions require us to "NOT WASTE TIME".An educator told "I stopped trading due to emotions". How do you sit , in front of a screen ,for a week and do nothing , when waiting for trends?You want to do something to make money.
Price can hypnotise you when using shorter time-frames. A lot of the problems you mentioned can easily be avoided by moving to a higher time-frame such as 3 or 4-hourly charts. You should be able to get in and out of trades intraday with these time-frames also.
Thanks usually trading 30 min , 1 hr and ticks.I will go to weekly options /monthly options for trends Example october 10600 options for Dax is 172 , it expires on 21st october , if it get 10900 or higher , profit .The weekly ones are 106 on monday and monthly low/high is 900 points average . Another problem is emotional hijacking Trading with emotional intelligence than emotionless
well to trade is overall is difficult but one should and can anticipate a reverse, because most of the time its on the S/R or exhaustion of the price which also manifested itself in certain ways not at all the problem is trader does not know what to do,i.e he is not a trader do you know what is a difference between professional and the wannabe (professional knows, wannabe thinks) u just made a statement that this chart is difficult to trade assuming the hypothetical, trader makes to himself the same statement so what does he do? he waits for the chart that easy to trade... the problem is even when he gets to the moment when he thinks that "this is it" he does not know what to follow after he enters the trade and usually what follows is difficult to trade... he exits with the loss.. not nothing.... one should constantly evaluate the market, not in one but in different time periods, draw the lines of S/R, trendiness, redraw them, etc etc, .. nobody sits before the screen for weeks average day trader makes at least a few round-trips during the day also , patience my friend is great virtue , but one should have balls for that, if not - grow them forget about psychology, concentrate on the knowledge
There are no universal trading ideas, at least nothing objective because if you had that, you better be writing from your personal yacht or airplane. You have unlimited liquidity, maximum global diversification and extremely high returns (1000% and above), no excuse not to own your own airplane.