Hello Scataphagos, Yes sir, no choice but to trade TA, everything else is a lie. At least I can see TA everyday and bet on it.
With simple TA tools, a trader can tell whether the market is buying or selling and know from where it shifted one to the other. What could be more important?? And yet people come up with all kind of nonsense to deflect that premise...??
Hello Scataphagos, I definitely agree. I use to run down 100 rabbit holes trying all the pony_and_clown_show trading styles and methods. Complete waste of damn time. TA Price direction on the chart makes my life so much easier. Its the best it will ever get. Now, I never study trading anymore and enjoy my life peace. Just need the chart only, no extra books and pony_and_clown_show trading styles and methods. They are all scams anyway. Just guess on the chart and keep life simple.
Good greif Scap,the OP was very clear in his intent.The fact that Mr Simple is on your side should tell you something right there Read what the OP wrote
Hello taowave, I am on the side of simplicity and get rich in the ES/NQ futures market as fast as possible and as simple as possible. Why work hard? Just stare the chart and get the answer
Had to Google it, turns out I'm implicitly aware of the irony that parable beautifully illustrates. Copied from first Google result: The turkey is absolutely convinced that the butcher loves it: It is being fed, housed and taken care of for about 20 months. Then Thanksgiving arrives, and suddenly the world of the turkey changes dramatically in an instant. The life of the turkey tells us that it’s very dangerous to extrapolate the past to predict the future. Yet, it’s a very common approach in our professional world. For example, we all know the typical sophisticated process for the new annual department budget: Let’s go for our existing budget and add x%. That’s not the only issue, though. The life of the turkey has an another, even more disturbing implication: Ruin occurs for the turkey at the very moment that it has the maximum amount of solid data that everything is fine!
I have found 3 holy grails in 45 years, 2 of them have zero TA, other is TA. They all do have losses even occasional losing days. All have edges 99.9 % of traders would never do or even know about. It not about the money or becoming rich, it is to me being able to have unlimited freedom. Trading me against me. The more you know about trading, the better. Enjoy the people in your life now, when gone is one less friend.
I believe the only "trading principles" you really need in order to succeed are these 4 things: Know when to enter (before you get in) Know when to exit (before you get in) Know (what to do) when you're right Know (what to do) when you're wrong
Mind control Mind exercise Mind management Cleanse your mind from all contaminations. Centre your mind .... Then listen to yourself oooooooooohhhhhhhhhhhmmmmmmmmmmm