(Before you get defensive I am not stating absolutes just quoting something I was told by allegedly one of the best traders on this forum.)
"You cannot make money (in the long run) from a price chart alone"
Well.. of course you CAN but in terms of getting a true edge as in TRUE INSIGHT/ Valuable information from a price chart, I have been told by one of the most respected and looked up to trades (I won't mention any names) here that it is not possible...
Seeing as a price chart is a big part of my trading I of course did not want to believe this but recently I'm beginning to think that this may be true.
I'm not one to believe much of what I hear as many simply don't know what they're talking about even if they think they do. But still... This guy is well respected.
Of course I can't confirm or deny either way I was just hoping to spark some debate.
"You cannot make money (in the long run) from a price chart alone"
Well.. of course you CAN but in terms of getting a true edge as in TRUE INSIGHT/ Valuable information from a price chart, I have been told by one of the most respected and looked up to trades (I won't mention any names) here that it is not possible...
Seeing as a price chart is a big part of my trading I of course did not want to believe this but recently I'm beginning to think that this may be true.
I'm not one to believe much of what I hear as many simply don't know what they're talking about even if they think they do. But still... This guy is well respected.
Of course I can't confirm or deny either way I was just hoping to spark some debate.
Time hides Nothing