I note several main characters... William Tyndale The church King Henry VIII The bible was unable to be read by the common man. The church had a hyper focus on specific parts of the bible and not the thing as a whole, which was part of the control, like a government only making its citizens aware of the laws that cost them money. As long as people of faith, believed that their salvation relied on the elite who interpret the bible... it was believed the church was the gateway to that salvation. Tyndale seemed to have a philosophy that the INDIVIDUAL could have access as long as they could read the bible themselves. This is why he wanted to translate it to english. With the recent discussions... and as a corollary to the market today... who represents the church/gatekeepers? Is it the charting platforms and the way information is presented, in the way only specific portions of the bible were presented? Is it the banks, funds or some equivalent? Is it the cute answer, and that your brain is what is holding you hostage?
Maybe you're overthinking it. Maybe not. I always reasoned that this simply was in reference to all the educators and so called experts who exploit gullible retail traders. Additionally, you have other market participants who benefit from the public being 'wrong'.
LF is correct..you are not getting the point..which is.. if you are not aware (ignorant) to how things were.. then you can not understand why things are the way they are.. it is all a big game..lawyers and advocates rob common people of their money..so called "professionals" do the same..doctors..consultants..dentists..auctioneers..and of course..GOVERNMENTS hell..even tradesmen have now got involved in the game!! what has this got to do with trading..everything..for..until such time as you see how much of an idiot you really are..then you will not make any serious changes that will allow you to change "what you have" already discussed this..but you probably don't remember.. what is the first thing you should do?
The logical assumption would be to tabula rasa assuming everything you've been taught is wrong and start off with a clean slate and then go on to ask and answer (eventually) some basic questions. What is a market? Why does it exist? Who operates in it? Who benefits from it? Who are the losers? Who are the winners? How can I profit from operating in it? Where is the money located? And why would I profit?
I'm slowly getting through it, but to be honest, I figured this was common knowledge to everyone who's not entirely new to the markets. There's a guy in my neck of the woods which have been on the sell-side for all his life making easy money and annotating hindsight charts with his so called TA making him look like a so called expert, although he never had me fooled. Now, he's published a book which allegedly teaches you how to make big money in the markets! Not only that, but he has also started managing money in a fund. And guess what? The results just ain't there. So far, he's in drawdown. PS: I THINK perhaps he have honorable intentions and actually think his method works, but usually it doesn't when the rubber meets the road. He may very well be one of those who don't really know how little he knows.
So, markets are manipulated by big money, that is clear enough to anybody looking at any chart and using their brain, as if not price would be jumping up and down all the time (as it does, in fact when big money is not there). then, with all discussions about how the powerful have been controlling the plebs throughout time. Big money need to put big orders in, they can't do that as us retail traders, they need TIME to do so. It is obvious to me that the only way to make money is to hitch a ride on big money activities. So for starter, only trade when big money are active, start trading when the conditions are best (price moves in an orderly way, for instance) and keep MTF in front of you since what happens on one TF is linked to what happens in another... IMHO
Rule No. 2 common knowledge (sense) is not that common Mr Pelt is getting there..but if i am correct he is aged beteeen 30 and 40..and still has some understanding to go through..however..this is the only good thing about these stupid websites.. and this stupid social media crap..in that.. one gets to "make up their own mind"..based on THE FACTS..but if one can not see the facts (evidence).. then as little Judge Judy would say.. "are you stupid..that is only hearsay"