And ProfLogic will again respond to nononesense and say that whatever illegal drugs he was taking as a youth are still effecting his reasoning process.
Prof? Logic? Since eons, nononsense firmly files your posts in the 95% sucker-category. Nothing 'Prof'. Nothing 'Logic'. You are fully incompetent in speculating about nononsense's youth. PS: I just found out that you seem to be a 'Holy Grail Peddler' albeit with a warning on his site: Due to problems with "Theft of Information" and harassment this Website is CLOSED Did some sucker try to steal "the Trend" from you? nononsense doesn't peddle anything at all. He loves a good laugh.
Didn't bother checking. From your reply, I infer that you also seem to have trouble reading short English sequels. I merely pointed out that for most "the Trend" remains illusive. Hope this helps, nononsense
I was making a joke about your youth. I see your sense of humor is in the same place as your object reasoning though. At least you are consistent. "Holy Grail Peddler", that's interesting. What I tell traders is that ones ability to read price action from predetermined and specific chart increments and defined and consistent points is a trader's Holy Grail to successful trading. I teach traders NOT to trust anything anyone tells them, to only trust what they can verify with their own two eyes and perfect consistency. As far as the peddling part. My site is break-even venture dedicated toward dispelling the inconsistent discretionary techniques taught in books and by people who don't trade. But then of course you are one of those individuals who would prefer to take things out of context instead of taking anything literally . . . similar to your trading philosophy. Comprehension of what you read is a variable anomaly. I wish all traders success in whatever method they choose to focus on. Just don't not dispel something you don't understand based on no information or the miss-information you were given previously. Trust only what you can verify on your own. Ask questions . . . lots of questions. And come to conclusions YOU are comfortable with. Common sense conclusions are easy to see. Dig deeper if things don't come to common sense conclusions. My stuff is absolutely worthless so no threat to you or your vast intellectual level. And I can't imagine why anyone in their right mind would want to steal such worthless common sense stuff . . . but they do. I do beg to differ with you on one points though. You do peddle something . . . your view of poking fun at individuals that think for themselves. Original thought is not a defect, remember that the next time you turn on a light sending current to the bulb.
If price action after a given point in time can be predicted using standard methods based on price action beforehand, then, according to efficiency theory, it won't happen.
Pete's Hypothesis: As the number of pages in the thread reaches double digits, the discussion must converge on AT LEAST one of these three limiting topics: (1) "The market is random" (2) "TA doesn't work" (3) "You are a total asshole" We have now hit both (1) and (3), waiting for (2) then we can close the thread.
Great post Pete! Let me play a trader's oldie for it: "Subscribers here by thousands float, and jostle one another down, Each paddling in his leaky boat, and here they fish for gold and drown. Now buried in the depths below. New mounted up to heaven again, they reel and stagger to and fro, At their wits' end. like drunken men. Meantime, secure on Garraway cliffs, A savage race, by shipwrecks fed, Lie waiting for the foundered skiffs, and strip the bodies of the dead." Jonathan Swift
Price action can't be predicted but one can teach themself to "read" it. I agree, standard methodologies can't accomplish this.