Technical analysis is a fool

We are conditioned use indicators right from day 1. I can guarantee 95% of traders use indicator to trade that's why 95% fail. All the thing we learned is just an edge, does not make you money period.
I was a victim of indicators like most of you today. did exactly what most you do today. Did I and do you get any where now? or are you still in searching of Holy Indicator? We all need to break out of this mental diseases.
Today I am off those useless indicators. My method of trading is totally opposite what have been taught out there, even S&R is different. actually everything is different.
If I tell what I have discovered it would be offended most of you. But one thing I can say is this. believe it or not I don't care
THIS MARKET PLAY SAME ONE RULE BUT DIFFERENT FORMATIONS EVERYDAY BY A BIG ENTITY. THEY DON'T CARE TREND. THEY HAVE 2 FACES. THEY CAN BE BOTH BUYER AND SELLER AT ANYTIME WHEN THEY SEE ORDERS FLOW IN. THAT'S WHY 30 - 40 PIPS SL IS A FOOL AND NO LOSS SYSTEM IS BULL SH......T. BECAUSE THEY REVERT THEIR DIRECTION PROFIT POTENTIAL PRESENT TO THEM.

My method of trading is just few lines and price chart, couple tactics that's it. it's been very profitable. Still trying to make it better. So much better than with indicator.

haha k

Hi ForexDao,

How long do you in forex trading?

4 years
3 years of Hell, 6 months survive
up to date, my system is produced outstanding results
last 2 weeks 729 pips while others scar trading against longer term

Sell gbp/usd as of this righting 1.6067
Target 1.6027. will get out if price close above 1.6087 at 8:30 am est
let see

http://www.reactiongifs.com/wp-conte...acepalm_01.gif

Always willing to learn and I am open to new concepts. Can you tell us a bit more about your strategy?

Indicators provide mathematical ways of quantifying moves in the market. For traders who understand the mathematical foundations upon which the said indicator is based upon, they can provide more timely ways of quickly analyzing a trade idea, risk or market sentiment. 95% of traders don't fail because they are using indicators, they fail because they are either a)not managing risk or, b) are not mentally disciplined.

if you mathematic is applied to trading forex market. I think you start the wrong profession