It's truly amazing that the examples he uses that are on one hand loaded with great TA signals that Oily is blind to and on the other hand full of lines in the wrong places. Oily is compiling a very valuable cringe worthy encyclopedia of how NOT to do TA. He's like the guy who sets up a restaurant, buys all the ingredients and wonders why the food doesn't become a recipe. Random lines at wrong swing points are no nearer to TA than strands of pasta are to spaghetti bolognese. This is the biggest reason why 95% of traders fail and Oily is walking us though example after example. Funny nonetheless.
They give you 50 indicators for free , and a load of software to bet on currency horses .The indicators change from up and down , and tell traders when to buy , are they all wrong .............considering 95 % fail using this junk.
You can't take the failure of t/a when you are in a position , and it fails horribly and frequently .THAT IS WHY i WANT TO BECOME A MENTOR.
Trying to work this out on your own... if you learned to master just one indicator in a year, that would be amazing. But trying to learn an indicator without learning advanced PA and TA is honestly a complete waste of time. I am trying to help you here and not attempting to stick a finger in your eye so to speak. Working with EA's is fun, but it is so far removed from building the real skills necessary to trade with TA that it can wreck you. Your TA is self destructive. It isn't even BabyPips entry level. Your use of indicators is hopeless. Putting it together is a total mess: it is absolute junk. I don't know if you are just obstinate or unable to understand or unwilling to go to square one and really pay your dues in constructive learning, but you sure do seem to be stuck in a rut. I stared with EA's and I could have called the market. However I discovered it wasn't a very reliable way to go about trading and there is no shortcut. Perhaps one day you too will realize that.
I developed and tested a hedged trading method , it is profitable and works in random , ranging and trending markets.One method which works in all markets.
Any tool is junk in wrong hands.... give AK-47 or any other assault rifle to the monkey and you better hide ASAP. Does it mean weapons are junk tools? Moral: WORK, Oily, WORK, don't rationalize that you work hard already, if there is no result it means you don't work hard enough, period. There is no such thing as free lunch in the real world.
I can see that from your posts on ET and Google. A good way to begin mentoring is to call the market so step up to the plate sir. Let's see how you do with a FUTURE call to prove this... https://www.google.co.uk/#hl=en&sug...pw.r_qf.&fp=a80f56a052d2d330&biw=1680&bih=918
I strongly recommend reading this post by NoDoji: http://www.elitetrader.com/vb/showthread.php?s=&postid=3639268#post3639268 Do what she said and don't what she said don't do... If you really do that, you will be amazed with the results.