DislikedLooks like we got "mentors" brown nosing everyone with bogus crap like If daily closes above 6670 then its a buy. Price can close above daily pivot and smash down anytime!! With 4-8 trillion dollar market price is not dictated by daily pivots and where it closes. Shit like this have no statistical edge. Maybe author of this crap can post his results! That would be refreshing.Ignored
People fail to realize is that the market moves based on money flowing in and out.. a pip for them is a lot more then all of us combined together plus some. They are just at risk as we are, and close is not going to be like omg we need to pull 50 billion out because it closed at certain level. A certain outlook changes direction of money flow in terms of what is going to happen in the future.
We use technicals, to look for established patterns.. Things that tend to play into scenarios that everyone agree works on general consensus. There is no silver bullet for anyone, it all comes down to proper risk management.
I promise, I keep my nose bleached as a whistle!
There are those who know, and there are those who don't know.