Hey guys, sorry for the interruption, a few of you seem to have found a new religion or at least some form of divinity.
Instead of trying to decipher every small word of Darkstar what don't you take a deep breath and think a little bit with your own brain.
I only said that the enter position on the EURUSD trade could have been found using price action. Of couse Darkstar could have entered at any other price but it wasn't a trade which others couldn't emulate using another kind of analysis. Does it matter so much for you what tools one is using to enter a trade?
There are thousands of ways of trading succesfully. Darkstar has a way of looking at the markets which can't be copied or learned because all of us have different experiences and professions which makes us prone to different interpretations.
I am a professional programmer and I'm sure that Darkstar isn't. So I know some things about the markets which only a quant can discover and I'm sure that Darkstar knows some things due to his profession which for the moment are beyond my grasp. So? As long as I can name at least 10 people on this forum which trade completely different from one another and are making money I don't understand why some of you take position against another opinion.
As far as I'm aware there's no clear definition of price action. It is not written in stone as a definition of a doji candle. Anybody who trades according to it has developed his own way of looking at a chart. Some see patterns on a naked charts like Darkstar and some feel the need to add fibonacci, moving averages or other lines and curves. I think that you didn't understand what Nison and Pring were saying or they are probably wrong.
To make a long story short, it is not my intention to hijack the thread and it I don't like to see Darkstar regretting that he posted that trade.
Instead of trying to decipher every small word of Darkstar what don't you take a deep breath and think a little bit with your own brain.
I only said that the enter position on the EURUSD trade could have been found using price action. Of couse Darkstar could have entered at any other price but it wasn't a trade which others couldn't emulate using another kind of analysis. Does it matter so much for you what tools one is using to enter a trade?
There are thousands of ways of trading succesfully. Darkstar has a way of looking at the markets which can't be copied or learned because all of us have different experiences and professions which makes us prone to different interpretations.
I am a professional programmer and I'm sure that Darkstar isn't. So I know some things about the markets which only a quant can discover and I'm sure that Darkstar knows some things due to his profession which for the moment are beyond my grasp. So? As long as I can name at least 10 people on this forum which trade completely different from one another and are making money I don't understand why some of you take position against another opinion.
Quoting DeusomegaDislikedWell for one on the subject of candles... Nison and Pring both state that price action patterns alone should never dictate whether we take a trade or not. So even from a candlestick trader point of view your justification is weak.Ignored
To make a long story short, it is not my intention to hijack the thread and it I don't like to see Darkstar regretting that he posted that trade.