So much spoofing and misdirection. Far easier ways to make money trading than trying to make sense of that jungle.
Why don't most prop firms that rely on your profits teach chart reading? They do teach book reading and a variety of other edges but somehow chart reading isn't featured. Every wonder why? Because charts are very decieving. surf
Yep. Whatever Surf says, even single time-frame bar or candle chart is enough to become consistently profitable trader.
After reading this, I tested the "Doji with confirmation". I didn't find anything. There was one specific set that looked kinda ok. But it fell apart completely after I went from 5 years to 10 years with it.
Yes, and isn't doji/confirmation suppose to be among the most reliable candle patterns? Without an edge, success in trading is all about how you deal with uncertainty and nothing to do with the crutch of technical analysis. surf
if you reduce the dom to one pile of volume in bid and offer,it shows the turns follow the volume side wait for it to change
Absolutely. It's not how I trade because I use MTF's but I don't ever discount someones method when they are having success.
Yes, today it takes software to interpret it for the most part-- but this is easily and cheaply available on the market.
It's actually neither of the two. (But since I don't want you to lose any sleep over it I'll send you a PM about it. I guess it's only fair since you show your stuff too...) I very strongly agree however on the low risk entry (I believe my stop was 6 ticks), which is key in cutting your losses. I know many don't believe in small stops, but why risk more when it's not needed ? I can have a lot of stops blown and still come out on top with just a single trade like that. JP
In my opinion there needs to be more.. Maybe if I get around to it.. I will add x amount of slope for y amount of time. then doji.. to see what that looks like. I do agree with the concept of doji.. I mean the "buyers drove price up.. then sellers took it down. .ended in indecision, so then waiting on confirmation. .but theres more to it for example.. what is the dollar doing. whats going on in the bond market.. what instrument am I trading