The proof that the finacial industry cannot understand the markets is very evident. Almost all advisors who are paid have put their clients underwater relative to their peak wealth. Is there any reason to continue to take advice from someone who does not keep your capital growing? You may have noticed that the book and its orders does not work. People who may be paid to work often place orders on other's behalf that will never be filled. Each time orders cannot be filled after price has occurred, the owner of the order is simply put on his own. Some of us watch this process that shows this stupidity or game. A week or so ago there was such a case. It appears as a cascade. After that cascade you get to se may dulicating pairs of bars that show how long it takes to: first, turn bots back on and second, turn bots back off.
You still never answered if you ever had a consistent method using TA when you were a "true believer".
This is one of the most entertaining threads I've seen here in a long time. I'm just wondering what some newbies, who aren't making any comments and are still in that world of "trading confusion", are thinking at this point.
Hopefully they are thinking (if they are daytraders) that it's probably not wise to listen to a guy who hasn't daytraded in 7 years but thinks he knows everything there is to know about it
I know. That's the part I just can't get past. I don't think brother Surfer is stupid, but this really makes him look bad, IMO. Don't understand why he can't see this.
He's definitely not stupid, but he's arrogant and ignorant (about this particular topic)....a deadly combination I'm sure he excels in his area(s) of expertise. But when he ventures into day trading discussions, he becomes a fish out of water.
WIN/LOSS RATIO FOR LAST 5 TRADING DAYS, USING ONLY TWO INDICATORS: DATE MKOP W/L WIN% 8-2 UP 27/3 90% 8-3 UP 18/1 95% 8-6 DWN 18/1 95% 8-7 UP 35/8 81% 8-8 DWN 47/1 98% THESE ARE ALL BUY SIGNALS
Unless your average loss is 20 times the size of your average win, at those win rates, you should already be a trillionaire, so why are you slumming here?