Yeah it has been hard explaining to you just how wrong you are as any dipstick can see you have no clue about the markets. I will let this rest and you can continue meandering around in darkness concerning trading. And I don't believe you have actually shown anyone how you understand and trade. Nor do your posts elucidate, that I have seen.
I have made the most legendary calls on this site...not a huge brag considering the company around here when it comes to TA...
Support and resistance levels don't exist,but Fib projections have merit???Makes zero sense You have shown 3 positions with drawdowns ranging from 30 to 60 percent.You admittedly believe it is imprudent to realize a loss. In the words of Ray Liotta,"You're a Funny guy"
Let's all just pick a symbol and have a chart off? Let's use IWM and pick where price will be x amount of days from now. Here I'll go first. I suppose instead of a chart off this could be called a Wyckoff
What do you think I'm a one-trick pony? In TA, as in chess you need to understand and recognize all the patterns to be able to adjust to them accordingly. Cup and handles, cyphers, Elliott wave, Wyckoff, stage analysis, order blocks, candlesticks, chart patterns, sr7's etc. Etc. I just opened up IWM and immediately recognized the Wyckoff accumulation schematic #1!
BNF said trading became like muscle memory. Until your reach that level you won't understand that level.