Вasics of technical analysis for "dummies" seems more like : Idiots of technical analysis for/by/on/inside/behind / outside /henceforth / onto / in addition to / out of / from within (or whatever preposition) "idiots" The word Idiots have been used thousands of times in this (and also other threads created by @Resto) thread. resto really hate professional traders who don't know rectangular and triangular TA things but earn $$$ by trading. What angry little boy !
What is needed in order to find primary and secondary patterns? 1 Good knowledge of the work of Garley himself 2 attention to the nuances of the chart 3 time what will it give you Understanding the nature of pricing what will be the result In this Oscillators blog, I showed in real time that you can find out not only the entry and exit points even on a 15-minute chart, but also the time when the price reaches the entry and exit points. Thus, you can translate into profit all the daily volatility of the ticker that you are trading
after you find the sequential operation of the secondary patterns, sooner or later you will notice the unique pattern of the operation of any instrument both in the flat and during the trend this is an example of the beginning of a flat pound building #77 Nov 5, 2019, in the screenshot the continuation of this building in this post #336 Nov 17, 2019, I showed the cyclical nature of this construction comparing this cyclicality with the cyclicality in the screenshot it is not difficult to understand that it is unchanged. Conclusion - all that remains is to enter into a deal to suppress 3 triangles and close the profit at their next intersection, knowing the cyclical nature, it is not difficult to understand how long it will take.
And then even a fool will understand - the advantage of technical analysis over the work of indicators and trading volumes And no thinking person will pay attention to various mathematical studies of dubious authors
Or you could just go, the direction is up, lets join in and hold till the direction is no longer up then exit be in profit or loss, isn't that easier, more logical, requires no chart drawing and master this and 80%+ efficiency is actually possible. News drives the markets and you can't predict the news, so any setup is only as good as the next news item sadly.
Gentlemen, guests and these registered users of this site are really idiots, if they are not able to understand even the elementary ones, I specially laid out a list of my ignoring, but they continue and continue to write here,
why did I show you all this if there are technical analysis specialists among the guests of this site who conduct independent research of market pricing and encounter a hopeless situation in their work, you can contact me by assessing the depth of your knowledge and diligence in this work, I can easily help you find answers to those questions who are now leading you into a dead end and it will be free. Gentlemen, I hope you understand that I am a good specialist in this field, and therefore, I am only interested in professionals, the degree of competence of a person, it will not be difficult for me to understand A compelling request for beginners in trading, do not distract me with your requests for training, I deal with it only in exceptional cases and the cost of this training is very, very high
this site is still too naive in the community of its registered users, usually experts on fundamental market analysis climb into my blogs and operate on the fact that news, statements of various individuals can change any forecast I propose I used pound futures as an example on this site. and explain to them simply here #2 Oct 13, 2019 the cyclicality of the pound since 2016 on the older time interval, during this time, there was a lot of news and a huge number of statements of people of any rank, but the cyclicality of the model, its volatility, the sequence of development remained unchanged here is #93 Today at 3:33 AM, the beginning of the cycle of the 15 minute schedule, this month there were news and speeches of many decision makers, and as you can see the cycle is not broken, the construction scheme is unchanged you can make a conclusion yourself
I repeat, if one of you manages to understand how my “pattern in pattern” system works, sooner or later he will find the very algorithm that regulates the movement of any instrument. All he needs to do is create an indicator of volatility, thereby eliminating the need to use Fibonacci levels and increasing the efficiency of his trading system by a hundred times, and the sequence of constructing three triangles in 1 triangle will give him an exhaustive answer about the direction of the trend to its time interval, its volatility and number of cycles of the upcoming movement