Usually I'm a nice guy, but when someone try to spread nonsense, who would I be not trying to say that this someone tells obviously nonsense. I mean here also read absolute beginners and traders who don't know divergences or how to handle it and they could believe it.mades wrote: ↑Mon Aug 21, 2017 5:20 pm
Observational approach is when you make something up like "3 long wicks" which we could call TA fallacy. Or fancier word "Apophenia" (look it up). Trading should be about rules and system rather than about subjective conclusions or beliefs, any system can make money if its tuned and followed properly.
Indicators teach traders two important things: discipline and patience.
The basic questions are the most important ones and scalper needs to think in advance because price can change any minute. You can't observe 10+ pairs at once when timing of your entry is crucial.
It absolutely doesn't matter who you are trading against (and you don't know it either, can be broker, other traders or other institutions). Those who move the charts trade against those who can fill their orders. The question you asked is meaningless with made-up expressions.
I don't want to hijack this subthread. It is also pointless and should be moved somewhere else if mods allow. You can have the last word, but I won't react anymore because your replies sound aggressive and supercilious.
Mades, read again your first post here and your supposed last post. Sorry, but what should I call this? I had to facepalm all the time reading this. And why you are still here in this thread and bother around? You don't like divergences - ok, we know now. Others use it as leading indicator or confirmation and for those is this thread. Also I use them very often and would like to discuss it, but you came here and request to close the thread? I guess, you are the arrogant one here. I just say that you are a beginner and this is obvious to everyone who is advanced or higher-leveled. It's ok and I can understand that you don't want to hear that but it is the truth and neither life nor Forex is a pony farm. I attack you? You mash up and confound so many things, and in addition you call the way professionals work and the way they make their big money day by day "TA fallacy". Also this is arrogant from you, don't you think? But you can't know better when you don't listen. Trade what you call a 'system' and let others discuss their stuff. Thanks