The Market Explained by candle sticks and price action - Page 2
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Thread: The Market Explained by candle sticks and price action

  1. #11
    Quote Originally Posted by ;
    I hope you're allright when you'd said the above thing. One requires brain to decode what day candlestick is currently indicating.

    Go and examine candlestick concept, practice it on charts and then you can do some justice to great art of candlestick.
    If you are driving a bendy road, are you going to attempt to predict the future management by looking from the rear view mirror? If the road is straight (fad ) then that might do the job for a while, but in the end everybody will wreck. I just use charts to document prices moves while I cant be in the computer, to not use it as the cornerstone of my trading.

  2. #12
    Quote Originally Posted by ;
    if you're driving a bendy road, will you attempt to predict the future direction by looking from the rear view mirror? If the street is straight (fad ) then that might work for a while, but in the end everyone will wreck. I just use charts to document prices moves while I cant be in the computer, to not use it as the basis of my own trading.
    Pretty sure that is possible tbh. Provided that you have patience, moving gradually to pick on the very best entries I mean turns, and also have good money management I mean feeling of direction.

    Seriously what was stated here totally undermines technical analysis itself, which has been demonstrated by how many threads? J16 for one. .

  3. #13
    Quote Originally Posted by ;
    Pretty sure that is possible tbh. So long as you have patience, moving slowly to only pick on the very best entries I mean turns, and also have good money management I mean feeling of direction.

    Seriously whatever was said here totally undermines technical analysis itself, that has been demonstrated by the number of threads? J16 for one. .
    None.

  4. #14
    What? That is not even a response

  5. #15
    Quote Originally Posted by ;
    What? That's not even an answer
    I mean no ribbon has proven TA works, over the long run the supply will often 50/50, unless you combine it with another information not seen in the charts.

  6. #16
    Untrue. A lot of people make pips using charts only. . .all week I entered on pullbacks following some TA. . .did very well... did not look at any other information although it might well have improved my trading. Was it luck on your eyes?

  7. #17
    Quote Originally Posted by ;
    Untrue. People make consistent pips utilizing charts only. . .all week I entered pullbacks following some TA. . .did very well... did not look at any other information though it might well have enhanced my trading. Was it just luck on your eyes?
    Yeah that's my view, I'm might be wrong but that's how I view it.

  8. #18
    Cool. I can understand it to an extent. . But to me it's a border that comes only with the self fulfilling working both ways, valuable and never

  9. #19
    Of the few successful trader around, some, utilize just technicals, some other just fundies, some consider short term 2 hrs, some other 2 years... etc.
    But to state it doesn't work just because doesn't work for you.

  10. #20
    Quote Originally Posted by ;
    Of the few powerful trader around, a few, utilize only technicals, some other only fundies, some consider short term 2 hrs, some other 2 years... etc.
    Except to say it doesn't work just because doesn't work for you.
    I believe there are lots of methods to make money in the markets, they aren't easy to find though, there isn't one Holy Grail, there are lots of advantages and you need to find one and implement it to the maximum possible, which needs some time to measure and some mathematics to work out the amounts for risk, expectancy etc..

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