while technical analysis is not rubbish it is totally unnecessary. just watch the instrument...observe not analyze. the most unnecessary things: elliot wave ,fib, indicators , volume, order flow, demark,....strategies.......back testing. only the present price action matters
%% LOL\that may true if you are interested in a profitable business; but for thrills, chills + spills , its not necessary/LOL
Yours truly landed at the Pearly Gates the same day as padutrader. We were both greeted by St. Peter. Then Pete handed the keys to the Penthouse suite to padutrader but to me he gave only a dormitory bed. I asked how is this possible? You give a penthouse to a guy who killed an entire subject (TA) in one sentence? Pete replied, "you don't understand, here in Heaven we go strictly by stats. When YOU posted at ET, people fell asleep but when padutrader posted people prayed fervently"
%% I dont think its got much to do with a gamble. But like TX banker said\ always have margin.LOL But like you hinted / IBD noted you snooze\ you lose. Proverbs helps as much as prayers ;sell the corn or people will curse you\Proverbs 11 I would not limit that to corn also....................................................
How on the ball is padutrader? His years of struggling with trading ended when he discovered this: Man who fight with wife all day gets no piece at nite
%% Sometimes he makes a good trend comment. But after all these year, he says ''still trying to learn''??Hopefully that means he is lifelong learner, but him saying '' what the market did in the past is not necessary'' That gent ,like ran amok in Kent. Like a hairy handed gent, who ran amok in Kent?? You better stay away from him\ he could rip your heat out ,Jim\ Rino Records== Werewolves of London
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