NQ trades so far: short 7837.5, reversed at 7831, early close today so got to be carefull not to stay overnight with this (tomorrow too).
I see now where I went wrong: I shouldn't have taken this long position on the 10M chart bec ause just above a previous level was broken. The slow action misguided me to think this was a setup yet it wasn't. This slow grinding action does not make things easy that's for sure.
Mate, seriously, double tops, double bottoms, triple tops, triple bottoms, head n shoulders, necklines.... Blah blah blah, bin that shit!!! Figments of imagination. FFS, get a grip! Seriously, think aboudit, go buy a Dell puter, sign up to IB, get the swiggly lines that every other ape on the planet is watching and ya gonna get rich? Dreaming! It doesn't work! Period!
What you see is just part of my trading system ... so far it's working quite good, still some details to iron out. Long now from 12634.
A 'hundred' years ago the guys who thought up typical TA concepts as we know it would have made a killing due to the fact the vast majority of traders being ignorant of TA concepts, they were just dumber or ignorant on how to trade technically, prolly the vast majority carried a rabbit's foot in their pocket. As time progressed and word leaked out of TA it may have even worked better due to it being self fulfilling, that is until smarter traders began to capitilize on trading against it. Then authors would have found it more profitable to sell the books than it was to trade. Now every Tom Dick & Harry is aware of TA and when TA works and when it doesnt work is 50/50, per chance and coincidences. Conventional TA has no edge. Thinking outside the square is required these days.