I've had extensive communication with a few traders who were floor traders or prop traders and whose particular methods no longer provided an edge due to changing market conditions. They approached me for information about using technical analysis to trade and I shared my TA/PA knowledge with them. All of these folks were really nice people, no arrogance.
LOL, would you be arrogant if you needed someone else to teach you since your style no longer works? That like them having a pile of gold on deserted island and only YOU have all the fresh water. Can't drink gold.
So that chart pattern was support or resistance? Will price go up or down? And with what probability do you reckon? Those were the questions I asked. Seemingly simple questions. You keep on refusing to answer any of them. Or do we need to wait for another 2 days to get your hindsight analysis?
Whether someone buys or sells resistance depends on whether he/she is trading with a momentum or mean reversion bias. Are you for real?
Guys, as I pointed out some time ago, the argument about the validity and usefulness of TA was in effect over when this posting was made on Oct 8, 2015. What the author describes here is the use and advocacy of TA and this is tantamount to an admission of the value that TA provides to the user. There is no need for any further discussion on this topic. Thank you for your time.