Disliked{quote} Hold on a minute. ANY long trade I execute, REGARDLESS of the TF, ofc I know where my cut-off point is..otherwise we go down the rabbit hole of martingales and ever-increasing drawdown. I'm telling you my assumptions, but at the same time you are making an assumption about me which I have to tell you is wrong too. I may not know the "banks intent" or where you may have calculated support for that trade to be, but that does NOT mean I have just enter a trade blind as you put it. Blind to your trading methods, maybe.Ignored
So you agree traders must have an idea where support is when they execute a long trade.
My question is, by what means does the trader derive his support from? Technical analysis, isn't it? Someone gave them this idea and the trader assumed it to be true without logical questioning if the assumptions make sense or not, isn't it?
How many traders execute long trades and have an idea where the support level?
Where is price heading to? On what basis does the trader assume price head to next? Technical analysis, isn't it?
Why don't FF members feel comfortable to discuss this difficult subject?
I repeat, my point is directed at the efficacy of technical analysis. Cheers
Trade the value