Enough BS for me..
Asks are getting slammed as we speak. It will be interesting to see if price can break above 3680. Just saying.
Asks are getting slammed as we speak. It will be interesting to see if price can break above 3680. Just saying.
Despair means - obvious 14 replies
Wisdom and virtue 4 replies
The quest for the best forex trading system 28 replies
The quest to be a Millionaire 16 replies
Wit and Wisdom of Wall Street 0 replies
DislikedI have to disgree with you there pip, to spend 1000's of hours studying and finding out stuff that makes money, you wont just tell everyone.Ignored
DislikedIt is funny that you class critisism as bs. Maybe that is why you have not been profitable.Ignored
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This post here, describes the mindset on how one approaches an order flow based trade. This should answer many of your questions.Ignored
DislikedMost of the 'critisism' is being directed at the fact that there is no system to be found in this thread as in hows and whys. I guess you're right in a way. Criticism involves knowing something to a degree that you could point out error or flaws in another's work. I said, and I guess I'll say it again, this is not a system thread. We are in agreement. I don't see what the problem is.
The funny thing is that orderflow to me is the anti-system. [color=Red]There is not...Ignored
DislikedWhat you have learned is your own as DS has not given anything away. Some vague blablabla. It is like a placebo, it may have you given the believe(confidence). Many things in forex work.Ignored
Dislikedit's just the way it's being put across that there's some secretive ingredient or deep understanding required and that people who don't 'get it' will somehow fail as traders. That's a crock!Ignored
DislikedI agree, and I wouldn't expect anyone to, it's just the way it's being put across that there's some secretive ingredient or deep understanding required and that people who don't 'get it' will somehow fail as traders. That's a crock!
If we're talking about watching price action, making educated guesses about where orders are or what players next moves are going to be and their motives behind them then fine, it's all interesting stuff and a good education but it's certainly not a prerequisite to consistent profitability. Personally I think for...Ignored
DislikedThe TA hard and fast rules are the problem and the reason it will always fail, the market doesn't care about hard and fast rules based on a fib or a trend line or a pin bar. All these things do is tell you what happened in the past, or how much something retraced.Ignored
DislikedTo have half a chance you need to be looking in the right direction at least.Ignored
DislikedNo, after all that it turns out there isn't one (marsh's post 457), it's just the way it was coming across from certain posters. There's nothing to 'get' or not get, this seems to be mainly about fundamentals and making an eductated discretionary guess about how the market views them and is likely to trade, that's fine. Like I say there's plenty of that type of analysis around the net from some quite well-respected analysts. Most fundamental traders take note of significant technical levels and most technical traders take note of significant fundamentals,...Ignored
DislikedPersonally I think for a technical trader, especially a novice one, this stuff can be more of a hindrance than a help because it's so subjective, at least with 'pure' TA there are definitive strategies which can be traded with hard and fast rules and which leave.........
I can't help wondering though, if it all boils down to guesswork, rumours, and personal interpretation then how is it any more reliable than any other (perhaps simpler) approach?Ignored
DislikedI think you make a very valid point here, in the sense that this thread can be confusing and even harmful to a novice trader, which should definitely pay his dues first and spend and extensive period of time soaking in the basics of TA before getting himself into this kind of conversation.
To me, this thread is basically an advanced course in forex trading. First you learn all the basic TA, then you think you have enough to be profitable. After a while you become a more seasoned trader and you realize that all the basic rules of TA - while a...Ignored
DislikedI'm sick and tired of people who say that it is impossible to trade profitable using TA. And therefore I'm going to ask a question. Are you saying it because you weren't able to find a consistent strategy or because you saw some mathematical proof?
If there is some proof then please show it to us. If not then keep in mind that it takes only one trader to prove that you're completely wrong.Ignored
DislikedIts based on logic and knowledge of what moves price. When I say TA I am talking about using MA crossovers fibs etc, and trading based on that. Sure if someone trades long enough using these they will get a feel for the market and maybe see patterns (not a pin bar or a H&S). Try trading pin bars without any other information.Ignored
Quoting markmmDislikedIts based on logic and knowledge of what moves price.Ignored