So, people here start to offend when someone don't think the same way.. this is sad, rarely i will make another post on forexfactory
lets develop a system which is very very simple but effective. 7 replies
Best Times/Worst Times? 14 replies
mt4 coder needed for a very very simple system 2 replies
DislikedWhat is funny Gaston, is you......
do u understand what a chart is? it represents data in a visual form. buyers and sellers in the market dictate what a chart looks like.
cheers......Ignored
Disliked
This thread is hilarious.
The US may collapse, who the hell knows, we could argue that all day long. But if it does collapse, however, it will have had NOTHING to do with that chart. Sure a few people might want to sell a break or something, but holy shit those few aren't going to decide the economic status of my country. No sir. The chart might go down because the economy collapsed. But the economy will not collapse because the chart went down.
My old trading friend and I are pissing our pants laughing right now at the look of this...Ignored
DislikedYou're so great fantastic wonderful..... You do realise that the chart is a reflection of the mentality of the traders.
Smarter than basing it on some sort of news, especially when the psychology of the market is against any important news that comes out, and the reaction is the opposite of what should happen. I.e a strong US dollar with a US economic collapse.
You don't realise what the chart actually says, instead you decide to post like you are gods gift to fundamentals.
Wake up to yourself.Ignored
Dislikedif this is true, why is it impossible to predict where the price will be an hour from now, let alone a year from now?
answer is greatly anticipated.Ignored
QuoteDislikedBut it's not that things are bad because of a pattern on the charts. The pattern on the charts reflects how bad things are. And the market threw the index to the edge of the cliff and sat there to see what's next.