Took me 10 years to reach consistent profitability. First daytrading forex and later switched to futures ES. The first ten years I was surprised that it was so difficult. The next ten years I was surprised that such a returns were possible. So I went from close to horrible to returns I could never dream of.
Chart is a reflection of the market. It tells you the reactions between the buyers and sellers. You can't just pick open meta trader without starring at the chart first before trading. Technical indicators maybe lagging but Technical analysis will tell you everything on the chart. According to babypips and I quote "The trend is your friend"
Hello sidbunch, Why did you lose -6 points? After you entered the trade, did you not see the other TA pattern, that was a clue to exit your trade or take a smaller loss or go short?
It's where it opennnnnnns that matters. Today crude oil gapped up on open (ok last night) traded high and ..... stopped right on resistance from prior open of March 9th wide range red down bar. Open not close. Just like fibs it matters where lines are drawn from. Academics don't factor that, as well as other factors, into their useless studies of TA.
Many companies fudge their numbers to some degree. Enron was a WS darling with the majority of analysts rating as a buy, even 6 months after this:
Hello Everyone, Here is about 3 weeks of proof. I do not have a choice but to trade TA and stare at the price and guess, hope and gamble. It is kind of stupid to not trade price action, TA, or whatever you want to call it. https://screencast-o-matic.com/watch/c3hU2KVr9LV I seriously just want to get fucking paid. Damn Megan Thee Stallion fine as fuck
Man she bled like a stuck hog when Tory Lanez shot her in the foot. I mean the camera was 100 yards away and you could still see the spots of blood on the street.