GO, YOU are a DARK HORSE You post as if you know nothing of value, but,TE can read between the lines, and, WE KNOW what you are after, you cunning little FOX YOU But hey, that is what it is all about, being smart enough to GET what YOU want TE
Nah, just a few glasses of good old TRUTH TE likes reading History, as a lot can be learned form the mistakes that others have made. It sickens our shit to see so many fuk heads talk so much shite about stupid fukin things that DO NOT MATTER:eek: The world is FULL of "so many asses laden with books" The academic shitheads have a lot to answer for, with their stuck up little snotty noses, and, with only a very small few knowing anything about REAL EDUCATION, it is no wonder so many are so fukin stupid:eek: So, if you are unlucky enough to be in university, sitting in a stupid fukin box, listening to a stupid fukin idiot, then, the next time just LOOK at the fool, and say to yourself, "what the fuk is that dumb ass idiot talkin about, for, who gives a fuk about what he says in the REAL world" Professional traders, hhhhhhhhhmmm, another bunch of dim wit fukin shitheads, studying useless TA shite that is nothing short of SUPERSTITION Can YOU not SEE how stupid the fukin idiots really are:eek: Do YOU not know how easy it is to make GOOD money if you FORGET about all the shite and LOOK at what is ACTUALLY happening If YOU want to be a stupid fukin idiot as well, then fine, but at least know that what YOU have in life is a direct consequence of how YOU think and ACT, and, if you are fukin stupid enough to leave a bunch of thicK fukin useless shitheads influence they way YOU think, then, YOU GET EXACTLY WHAT YOU DESERVE TE, aka, The Expert
Whilst it is impossible to know what will ACTUALLY happen, it is POSSIBLE to place low risk trades if you do a bit of simple art work The better your art work, the lower your risk Time = Money TE What are the odds of a drop to the 1200 level?
Successful trading is about seeking out higher probability plays, how you do that is a personal thing. Just look at octopus Paul
Phew, its hot here in the UK, and my noisy bastrad neighbours have pissed me off big time Quite a tirade against education there TE. I studied mathematics at university and I've always been fond of that subject, as there is no room for personal opinion or debate, things are aither true, false or not yet known. It served its purpose, of basic survival, to get me a job, in a very large engineering company, which many would regard as a very good job TBH. I've had to study and use other subjects along the way too, control systems is one, which has provided me with some insights into certain aspects of human behaviour and what is often the fallacy of free will. So maybe after all that I've just been trained to be biased and to think like the crowd. Then again, when I decided to study TA thinking it would help me to become a successful trader, I realised after very little thought that GANN was a just wishful thinker, spouting pseudo scientific crap, which bizarrely seems to have been readily accepted by many, and still does. I'm truly amazed at the nonsense he produced. Some aspects of education are an exploration to see whats there, just out of curiosity, and thats what I like, and I wish I had more time to follow my interests. The part of education which is really just programming an indivdiual to fit in, is what I don't like.
I am certain that most that lose using TA fail to understand what makes a trend, therefore they don't know when to trade & when to sit on hands. They just trade all the time. So who is to blame - tools or man?
Odds to 1200 are good compared to below that. You are sinking timeframes that coincide with high probability moves with a low resistance road compared to other areas. If it doesnt drop to 1200 I still have to know my pain to get out and I have to know that my s/r lines are consistent enough to depend on for a positive return. Everyone has a way to draw an s/r line that is different from someone else. For example, I am attaching a chart of where I would pick s/r lines on a random chart. They clearly wont be the same as yours