Is There A Problem Being A Chartist/PA Trader

I am willing to accept being wrong. It's completely possible--- I apologize if you are not shilling for or are not yourself---the FX characters you listed. surf

 

As you keep saying. But entries without exits and exits without entries make the whole thing useless.

Do you not have any concept of trade integrity?

 

IOW, Guess&Hope. Not the preferred course for someone who wants to actually make a living at this.

 

While that is true. When have i said it? I think u have me confused with someone else, mr. wyckoff.

 

imho the problem is that most, if not all, wannabe traders confuse a method of analysis (be it TA, FA, or QA) with the method of trading

what was not explained in all the books or courses, that analysis on its own does not work...

 

Most retail trading is making educated guesses then managing the outcome. If u think otherwise, you are sadly deluded. surf

 

Several times a day, lately.

 

That may be the case in your world, but it hasn't been working out very well.

 

Exactly right. --and there is but one correct method of trading.--

1. Keep losses small. (Never risk more than 2% of Total Liquid Net Worth on any one trade/idea.)

2. Let winners run using stops outside the noise.

3. Keep commissions small

4. Don't scale in or scale out.

Most gurus and educators don't cover these most important aspects of trading.

 

MACD coupled with price action.