DislikedSince my "dancing" post, I have had some PMs and replies on this thread that I would like to answer here.
I would like to clear something up. My dancing was to feel the market and its pulse - that's what I was missing. I was not analysing the market to make predictions but just observing the present action on the 5 minute chart. We are watching a living beast and the idea was to be in sync with it.
As mentioned, this came naturally to me as I have had a 5 min chart (or charts) in front of me practically all day and every day for the past two years. I have been observing this action (and played with it) for about 3000 hours.
As for technical analysis, there is some there but I mainly rely on current market action. Perhaps price has returned to a support and resistance level and the dance changes. I do not predict here but observe. Will it break or will it bounce? The action will tell me what I should do. Perhaps it is starting to round and weaken? Again, depending on what I observe (and feel), I will take appropriate action.
Technical analysis has its uses and I will use what I need and learn what I should but there is no book that can teach you to feel the market and to dance with it. You will need to experience that for yourselves by playing with it. Read the thread, become familiar with fti's teachings (hint: it's not rocket science), get naked and jump in. Then start asking questions and I will assist where I can (as will others). Leigh also has her whip to get you onto the fast track.
Now that reminds me of something luSan said recently - Imagine you are a soldier and your general tell u...drop your TA weapons and stop-loses shield...go naked to battle...scary... If you take this, some people here are carrying two machine guns, 20 hand grenades, a rocket launcher, 4 communication devices, a parachute, night vision goggles and ammunition thinking it's going to help them. It will just bog you down. The best troops are highly motivated, lightly armed, highly mobile and know the terrian well.
Why else do you think the Teleban are doing so well against the world's greatest military might? Why couldn't the US defeat the Vietcong? (These are just examples, not for political debate).Ignored
That was nicely said. As i said many times i was a quite a professional chess player and i read many books and i had a very good theoritical knowledge but in real games on tournaments( 1h 30 min per player) i failed. In chess you will never play the same game as once before, some positions will be similiar but in a lots of you have to stuck to yourself. I am sad beacuse at this time i didn't have any clue about the art of war. If i would, probably i would be today very strong master now i am just III. categorized player (shameful). Endly, you have to balance yourself, consider what your opponent plans to do, defend from this plans and waits him to make a blunder or smaller mistake otherwise it's imposible to win if he doesn't make any mistakes (with no mistakes all games would end draw). And i think the same is with the market. Don't stuck too much time for the PA as patterns are only the history on the chart and don't try to be a fortune teller. For all paterns on charts is typicial : You can fool all the people some of the time, and some of the people all the time, but you cannot fool all the people all the time.
For proper MO we just need years of experiences and as i am only 17 i hope till my 50s i will get some Regards.
P.S People don't be fortune tellers just dance GO WITH THE FLOW NOTHING LESS NOTHING MORE