"there is almost nothing useful that does not contain a moving average" "I've lately seen Trendlines described *without* having been derived from Moving Averages I would not want to be seen as part of that [sad] camp." "Retests (of everything!) -- Never heard of this." ""Horizontal levels" -- no idea what this might be."
Price is underneath all the averages and they are all pointing down. How does they have any bearing to go long?
price action, the speed at which a tick interval fills to generate the bar. Next intervals, and in relation to all the other fills, = emotion of the underlying participants. Its a huge tell and any derivative can be traded off that, if volatility is low much harder to decipher emotion in the price action.
difficult to answer your question. Trading is more than just drawing fibo, levels, pivot lines, channels, trend lines, Trading is more than just recoginsing patterns, chart formation, candlestick arrangements. Trading involve mainly on having macro views, deciding which sessions / time frame to trade, what instruments to trade. Then exactly where/when is the ENTRY POINT based on trend lines, patterns or whatever
I would tell them they have the wrong guy and I only trade things that work. If they shoot me, I guess they spared me from tea leaf reading.
Every pattern and indicator is important if you know how to build hypotheses, test them and get statistically singnificant confirmation/disproof that the pattern/indicator works. Blind application is dangerous, lead to losses and unproductive since you gain 0 knowledge.
%% Exactly. I'm NOT really sure what a ''horizontal level ''is ??.LOL Sounds like another name/nickname for a grid, or 50% of a grid LOL ,