You are forgetting time frames, what the daytrader might find a great entry, the position trader would consider that a good exit. What you said applies only if there is just one clear setup - you're also forgetting complex strategies involving multiple instruments.
These threads are funnier than a Northwestern University sex show. Need it be said again? Oh, apparently. But, according to generally accepted statistics, only 5 out of the next 100 to read this post, will grasp it. (Which, actually, is a good thing.) MARKETS DO THE SAME THINGS OVER AND OVER AND OVER.
Exactly, which is why what I found to work in 1998 still works just as good today, only thing that changes is volatility. For some reason, this angers some people here.
Ah, you can't be telling the truth, Fire! The emotions of people have changed so much since the last century, this just can't be true. ;>) "For some reason, this angers some people here."---Yeah. A subject for a new thread in the Psychology Forum.