Car = technology... a machine... TA = interpretation... the way you would with a sign... You "read" TA but you operate "drive" a car... I...
The stop out...
TA isn't the car in this analogy... TA are the street signs guiding you along...! The "car" would be your trading platform... AND you say...
UPDATE ON THE JPY TRADE: Stopped out at 79.67.... It did get as high as 79.98 before reversing and stopping me out... Does that prove TA...
You're still in Manhattan...? I thought Manhattan was evacuated...? Hey... Stay safe...! I know what you're saying... Catching price action...
Hey... Allright, no worries bro...! Stay honest! :cool:
Technically speaking our inflection point is more or less where our yellow lines intersect... It would indicate a downward concavity, indicating...
Buddy... You're telling me two things at the same time... I want to be long because of "cup and handle" but short because of breakdown......
I just realized people might not know what I mean by "cup and handle" pattern... It looks like a cup with a handle and is generally...
Thanks... this is standard TA at work... but if it works out it will be because of luck... If it stops out and breaks down you know what...
I know... I noticed none of them want to guess UP or DOWN in real time... I'm going to go with the "cup and handle" theory... Bought USDJPY...
Thank you for your thought out answer... but you already know what my response is to this don't you...? Right... It's unreliable... If...
Oh you do, do you...? Why don't you change timeframes and see if they're still as obvious... Everyone looks smart in hindsight... He who...
Same thing only on the 1hr chart... Why did this fail...? I guess one man's bear flag is another man's double bottom...? Right...!? So how...
This is how TA doesn't work... You see something on the 4HR USDJPY chart expect it to work out and then it doesn't... Why did this pattern...
Let's see your edge is the mighty STOP LOSS... AND you win more often than not...!?:eek: UNREAL!!!:p
If the firm offers you an edge through technology, execution, rebate/credit trading etc... Your career will be exactly proportional to how long...
The retail traders who do make it do so because they hit a home run... They go big (relative to their account size) on a stock and when it soars...
...LOL... That cracked me up...!:p
Well... There's Dan Zanger...!:D http://www.chartpattern.com/ He had a good run for a while before he started selling stuff...
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