{quote} Nothing against you, just relating to the subject of this thread, This is not a real trade, just a drawn line and some words written on the hindsight(after the fact) chart. Anyone, even a child can do these drawings.
I have often failed as a trader. Why? Most retail traders lose 75% or more of the time, and I was no different. I failed because I made trades based on feelings instead of logic. I would think that prices couldn’t go any lower or higher and act on that belief. Instead of going with the trend, I tried to catch tops or bottoms. I even started to think Forex was a scam. But the truth is, Forex isn’t a scam—I was just trading like a fool. Think about this: if retail traders are wrong 75% of the time or more, following the crowd will likely lead to failure....
{quote} No, I certainly wouldn't share anything really uncommon, but wanted to at least give a polite reply, which is less common on this forum. Having said that, much can be gained by experience and careful study, which can then be summarised in indicators and setups, which may be helpful to some. Not least, I like to be lazy rather than to try to be creative when it's not needed. And the very same MA mentioned above picked the bottom of last week in Nasdaq with minimal effort. More than 700 points up since then. {image}
{quote} What people have in common is we share here (or not) common vs. uncommon misconceptions.
{quote} Hi medici Yes I have found these threads useful, and she is a very generous person to share all of this. Way back in twenty 2012 I took a few paid lessons from a mentor called Julie Hatch called Price action trading equation. this method was based on the one minute linegraph, daily pivots, and whole numbers. I got a morning, afternoon, and on the night the whole chart with all the explanations set on it. Julie never used moving averages, but over the years I find them really useful. Julie was never on FF and as far as I know does not teach...
What do you trade? Fx, indices, something else? For me it's all Nasdaq futures.
