no but you used his (manipulation’s) kissing cousin. “Today I am confident of trading because I know how the market moved, how they show and convince youthat the market is weak and going downwhile taking it up or vice versa:they do this every single day....” “I knew I was losing money because I was getting fooled and I wanted to stop getting fooled so that I could make a great deal of money without any fear.” So do you believe the markets are manipulated each and every day?
A set up is never the reason for the trade...... context is....but context is time frame related......and unless you are very clear about what time frame, is in control, AT THE MOMENT, you will have no clue where to put your stop even though 'direction' may be correct. this very difficult to explain....because time frames do not exist in the market.....it something traders use just to measure the market.
they can influence direction of the market and make it go where they want it go, just by staying out the market and not doing anything....so that is why i said they are fooling but not manipulating ...it is not manipulation if they stay out. you have to think out of the box.
Sorry but they are not going to stay out of the market. And if they take the market up to fool people when they are really going to take it down then they are manipulating price. Plain and simple. If they are the movers of the market, that is.
No time frame is in control. Only bull and bearish institutions are in control and push and shove price around. That pushing creates context. It also creates price patterns. Setups can be derived from patterns within contexts. So, I disagree. If a body makes the connection between setups..patterns...and contexts then yes setups are an element for taking a trade.
Wow! Well, first of all, it is most generally NOT EASY to pull money out of the markets trading. If you ever thought it would be then that was your first mistake. If you ever thought you could read some books and gin up some indicators from those books and proceed from there in some sort of mechanical fashion then that was probably your second mistake. If you want to trade a market then you need to understand what that market really is and how it works. You need to understand the makeup of the market, who is your competition, who is in the auction and why, and how you might be able to take some money from them -- and this varies, even across broad markets; e.g. from a trader's point of view, the ES is quite a different beast than the EUR/USD futures. If you are not able to recognize the differences in the time frame of your choice, then you are not ready to trade that time frame. Generally speaking, your marks will be dumb retail traders who think it will be easy, and much larger traders who may be smarter than you but have their own agendas and are constrained due to the large size they need to trade. You can't figure all this out from a chart. You need to take a closer look than that.