DislikedRegarding the S/R comment: if this were true, then the 5585 area does not exist and should not go into the decision making process. There is no triple top...but there is and it does.There IS NO triple Top , look closely. These observations give us confidence in our trades once we are in them, as they did for fti today.
What gave you the idea that I was trading tops, I danced into the zone.??
I know he is flat on his trades now, but if this were not Friday, he might still be in them as long as the market were operating properly.
More assumptions, I don't even know if I would , so please do not assume
Once again, I agree with the basic premise of this thread regarding TA. However, some TA plays a role in trading and I think fti will agree with this. In fact, I detect some frustration in his comments to some traders because they do not perform, or remember, or seem concerned about some basic stuff like what the trend is, or which direction the pulse is moving in, etc. I my mind, knowing the trend is TA, knowing the price action is TA, and knowing how the market has reacted to certain price levels is TA.
This you got it right.Did I ever say that TA doesn't work, For heavens sake I am TECHNICAL ANALYST and had ever conducted TECHNICAL ANALYSIS lessons at high levels. Look Airplanes can fly, but I can say safely , few here can fly them.
I what to say here that if I did not care about the people on this thread I would not be participating. Something wierd happens when you spend weeks reading the posts of people on Internet sites like this...I guess we become a virtual community of sorts. So when I see my virtual friends entering a trade at a price level that, at least statistically, will reverse on them, then I get concerned.
Of course you care, otherwise why take alot of heat for your views. BUT the heat is meant to help you mold. I detect that you have much gone on the wrongside.You seem commercially trained and I can feel it in your postings. Do an honest soul search, for your own development. No doubt , you are experienced, only I feel , on the wrong mould.
I am rambling...
You're welcome to learn, but you have to open your minds,there is much misinformation hiding in you. I detected.Ignored
regards