normannasty wrote: ↑
Fri Jan 29, 2021 11:34 pm
josi wrote: ↑
Fri Jan 29, 2021 10:50 pm
Nice speech. Agree with it. so there are no exact rules everyone use it as they want. I can make profit with this no problem just there is a lots of unclear situation which one thinks this and one thinks that. Noone has exact rules noone using this system alone everybody supporting it with their own tools. 2 person understand can understand the 2nd dot approx in 6 ways in different situations. One thing is sure without knowledge this also will not work.
You seem angry and want to complain to someone. OK, I get that. It doesn't alter the fact: Simplifications never work (in the long run).
As I said: Look at the trade that was suggested (GBPJPY) - if you wanted to trade it you could with ONE valid interpretation:
You simply had to look at the higher TF (candles there closed above both MAs - so directional bias was up
If this is too much to ask of a trader then it can't be helped.
As I said: The second dot in an uptrend is a different one from the one in a downtrend. So you can choose the correct one AFTER you know what your directional bias is.
As I said: sometimes a situation is unclear. That simply means you don't take any trades until the situation is clear.
Either you take this information in or you don't.
Do you know any other area of life where you can make (a lot of) money without any knowledge whatsoever? Well, if you don't that simply tells you that trading is part of this life - no pain, no gain.
I wish you the best.