You should read a bit more my friend. In Australia and Africa, there are expert trackers who can find people and animals based on the tracks they leave. They only look at what has passed, what has happened, the signs left behind. Based on that they look in the direction the tracks point to. Charts are much the same. They tell you where people have been and where they might be going to. The trouble with people like you is you are too full of yourself and too stupid to understand timeless native craft. Just think, how old are candlesticks, and how much they still tell us. Oh sorry, I forgot, you are too stupid and full of yourself to appreciate any of that.
LOL YOU ARE riot surf. ..well just keep chuckling and I WILL keep drawing. ROFMAO. Keep losing and I will keep winning..DOUBLE ROFLMAO! Beside surfy everything you look at is past data! You extrapolate to project and anticipate. I draw and paint on a canvass of past data to anticipate. BTW for your information...just in case you don't know the so called BIG PLAYERS lose close to 40% of the time. Hedge funds go broke.. gurus go broke...jesse went broke was it 4 times?..HTF GO OUT BUSINESS FASTER THAN a goose running from a rattlesnake. Your favorite mentor went busted ..how many time was it?? Three or four?? Sure you wanna follow in his footsteps?? His brother is doing well short term trading. Maybe you should switch to the other side of the family. By the way how has your anticipation of the market been going since you opened this thread? Amish buggy, You are so funny! TRIPLE ROFLMAO! Made any money today? Oh i must not forget you just ride up and down lost like a termite in a yo yo just hoping and waiting..and crying..and screaming and wringing your hands until you can take it no more and go to the beach to drink cheap beer and break beer bottles. Is that what you do? You just ride your amish buggy up and down the road back and forth? You are so funny. Surf best make haste and cover you position before you lose what is it 8 or 9 times in a row? And end your carreer trading YM. But you won't you had rather go down in flames instead of taking a profit shy of your 1000 points. Is that smart? Switch to Corona beer or dos xx beer you might think better and clearer. You will feel better if you don't drink to much..ROFLMAO for the 4th time! The fifth time...yes ROFLMAO! You best make haste and sign the contract with skippy to get some of your losses back. Watch skippy he may trade while fishing in your flat bottom alum skiff you "dubbed the beast" and get distracted thus incurring you even more losses. For the sixth time.............
Re your comment about bush trackers... they are looking to find out where their target is now... which is easy for us in the fin markets, since the price now is always on your screen. And bush trackers might be able to find out where animals are going, since that would usually be a food/water source nearby, which they know exist. That food/water source we could view as Support/Resistance... but to be honest... you comparing trading with bush tracking doesn't really hold up for me... But anyone their own methods... I use charts and a bit of TA, but only because it usually is self-fulfilling...
It might, or might not, but for now we are range bound. First sign is break below 500 level to test the extremes. If no buyers come in, then we may well see a substantial move down. Too early to call, and too risky for larger size till it breaks, either way. Of course, if we get any bad news look out, they are just waiting to drop it, as you well know