Target was 137.500
Real Low was 137.483
Real Low was 137.483
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Disliked@parisboy - in the r4me thread are the envelopes shown in your post mortem chart 32 - 1024? Sorry just realised they won't be envelopes - anyway question still applies please.Ignored
DislikedThis chart ............. {image} Not sure whether those bands are NIH ones or your normal octaves 32 - 1024.Ignored
Convenience and Bullshitting.
I will try to synthetize the deep thoughts on Trading up to the roots of the Great Master Bullshitter (GBM) 33rd Level
Interview of a recent Deputy Master Bullshitter
What about Entry : you enter at your convenience
What about Exit : you exit at your convenience
What about Stop Loss : you position your Stop Loss at your convenience
What about Money Management : you manage your money as you want. Do it yourself.
What about Indicators : Indicators are useless at the exception of those I use
What about Indicators settings : Indicators settings are private, almost secret.
The Great Master Bullshitter advises family members to use the settings which are convenient to you.
What about Trends :Trends do not exist. Trends are a myth created by Market Makers
What about Supports : Supports do not exist. Supports are a myth created by Market Makers
What about Resistances : Resistances do not exist. Resistances are a myth created by Market Makers
What about Targets ? TARGETS are very important.
How Targets are defined ? Only the Great Master Bullshitter knows how to determine a target
What about Herd Mentality Zone ? Herd Mentality Zone is a nice parallelogram
How Herd Mentality Zone are defined ? you just need to draw a straight line between 2 historical points at the same level
The Great Master Bullshitter has a message for you : Do it yourself - Happy Trading
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And a second instructional procedure.....
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BS(BullShit) Detective Indicator for Lazy Traders
the Bullshitter never answer directly and precisely a Technical question
a) - on his "method" (your can infer the bullshitter has no methodology)
b) - on his indicator (only words , no details)
c) - on his EA - the bullshitter has no coding ability
the bullshitter uses mostly generalities, truisms etc that nobody can discuss or argue against
Short test to detect a bullshiter on a trading forum.
When you trade you have to adress at the minimum 3 questions :
- when and at which level to enter ?
- when and at which level to exit ?
- at which level you have to position your Stop Loss to protect your capital
I tested a guy I suspected to be a bullshitter. To be frank I was sure it was a bullshitter, I just wanted to confirm rationally the fact.
This guy had posted 1287 messages (at the time of the search)
a quick search shows :
57 times the word "entry" = 4,5 % of the messages
11 times the word "exit" < 1 % of the messages
23 times the word "stop-loss" < 2 % of the messages
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Couple of days late Paris....but...