Yup, Electricity doesn't trend, ocean waves do not trend, DNA doesn't trend, there are no trends associated with the Laws of Physics, cycles aren't made up of trends, etc. . . . trends are imaginary, purely the ingredient of dreams and fairy tales.
I say this often. Don't know why I bother. I perfer to be one of the "savage race". But periodically I get the urge to say a few things. Who knows. Yes its true you can't predict trend. However you can predict tidal movement and that is what price does. Moves one way, and eventually, inorexably, the other. Knowing that, one can choose to be positioned like a surfer out on the ocean, waiting for the next wave. You have to know where to wait, and you have to start paddling at the right time or the wave will pass you by. If you don't know how to handle your board, you are likely to get knocked around a bit, but eventually you can, if you get your skills together, learn to ride. Probably won't learn about it asking others to tell you how its done however Please do continue to give each other "written" surfing lessons. Its very entertaining to watch. Lefty
Well stated. I would be specific: Future price action can't be predicted solely from past price action using standard methods. This phraseology addresses why such a large majority of traders fail.
Nickel..... HUH? This has me so confused I can't even type my response properly. However, if you can unscramble my response (below), I'd be interested in hearing your comments (or anyone else's). ERA OUY GNIYAS HATT TRPUSPO NDA SCENASIERT NO'DT KROW???!!!???
LOL!!! Just thought we'd have a little fun this afternoon! I'll clarify it just for you. Here's the non-obscure version (I suddenly snapped out of the trance): ARE YOU SAYING THAT SUPPORT AND RESISTANCE DON'T WORK???!!!???
Sounds great! But why else would you want to "read" price action (as you call it) than to place an order based on it and profit from it. Ain't that predicting? If you prefer call it divining or prophetizing. Come on Prof? Logic? Mumbo Jumbo.