Nonsense applied to trading IMO is using tools, which don't work. If TA/chart reading does work for me and many other people, should we stop doing it you say?
here ya go surf http://www.simplyhired.com/a/jobs/list/q-used+car+sales coffee and donuts are probably included
Surf is "in the closet" when it comes to TA. Price Drivers are nothing more than a rudimentary form of TA
Ahh, not fair argument, Surf. If I say chart reading works it's not the same as to say reading any chart works equally for everyone.
Ok, fair enough. Let me make a statement to clarify. I believe reading charts while actively trading from them does not increase your win/ loss ratio above 50/50. Therefore, random entries would work the same--- but at the same time, I think it's possible for some people to make some money with random entries and excellent money management skills. Although the time isn't worth the reward in most cases. In other words, your success is despite the charts, not because of them. surf
Not to sound arrogant, but Surf, my IQ is 130... of course I tested random entries alongside with real-time chart reading, cause it always got me very interested why chart reading works and if it's reality or delusion. Evidence shows entering with momentum on your side provides clear extra edge vs. random entries and same money management. One word from physics: inertia.
surf ,do you find out if a client is a bullshit snake oil salesman or bonafied investor before pursuing all of your deals, same as chart reading