both..it pays to be in the right place (price) at the right TIME..but hey..if your head is stuck up your arse from listening to idiotic banana eating monkeys..then..it really won't make one little bit of difference..as..you will be BLIND and FROZEN
you ask one thing then keep to sing a song so bad it makes one mad you can not speak then turn your cheek for that just show what little you know before you type forget the hype and know for sure that price is PURE when TIME is right act with all might forget the dopes who swing on ropes this stupid web a curse for pleb as most can't think what words in ink so take the leap delete big heap for data be a curse for thee open your mind be one of kind no one to blame but SELF in shame
Allow me to accept the inevitable, that is if....., it pertains to the task at hand Why would you expect price to be derived from price, eta even Stephen hawking has all the answers to the universe now Maybe just maybe we can start from the beginning - I came I saw I went and now I am back or is it possible we start from the end? ------------------------------------------------------ is fruition something we eat or how we learn to eat? Gentlemen..., and gentleladies....., give it some thought. the answer was always between the ears. I submit to you I am but a humble man with none of or all of the answers. the choice, as always, is yours.
sir - with all do respect - you would get annihilated on a day where the market trends in one direction.
you only get annihilated if you do not react..or..you are relying on "self fulfilling" silly indicators there are a few basic laws to follow..if ignored..or ignorant to same..then..one might as well be... "pissing up a rope"
no need to thank me..or anyone else..just clean out between the ears and use you brain the correct way..which of course..is the real hard bit!!
so this thread has gone quite I hope that it is good news and all active participants are too busy making money to spend time writing Unfortunately that is not true for me, I have spent the last several weeks revisiting everything I have been doing, thinking, assuming about trading as after what happened last year (made a lot of money and then lost as much with interest!) I knew I could not escape this anymore. so I am slowly coming to term with a few unpleasant realities (IMHO): I will never be able to predict price direction with any degree of certainty (obvious but hard to accept) no matter how many hours I spend on charts and trading, it simply is not possible since: Anything can happen at anytime in the market. I think we can all agree on this as I bet each and everyone has experienced an unexpected and sudden (or a slow and treachery) change of price direction that screwed up a well going trade as a consequence, for me to enter a trade with assumptions or bias will most likely lead to disaster as I will be more inclined to stay in the trade even if price is not doing what I expected. finally, the easy and obvious one: price can only do one of three things: move up, move down, stop (and move sideways or be range bound). Now for the hard part, I am working hard to change my trading mindset, change the way I think about trading and find out how to decide, before I enter a trade, where I will have an acceptable confidence that the trade is either working or not. I know that all the above is probably very basic stuff but after so much time spent to develop the instinct for price/chart reading so that I could avoid bothering about the above, I am back to basics good trading to all