DislikedI don't need to post a chart as that is an excellent example proving my point. Look at the first 7 candles of your chart. No retrace hardly and all of them green. That is the pros signaling each other and all of them are entering accordingly. Any positions open on one of the first 4-5 days are still alive today making you mega pips while the rest of the market chases you. Could you post a monthly chart of XAGCAD with the last 20-30 candles? I don't get that pair from my broker.Ignored
zusch, if you dont mind me asking, do you have training in hard science? or quantitative fields?
the reason why i ask this is because your statement displays biased sampling....you dont get to pick which area of a chart, how many candles to the left or right...or many days to the left or right to make an argument....you dont cherry pick which area you like to make a point....if we are looking at 7 candles to reach conclusion, i too could look at 7 days of bearish action and claim that means all currency are bearish. or, i could look at 4 -5 days or 20 - 30 candles on the eurchf and say that because they are flat, therefore currencies are flat. it will be illogical to engage in selective selection like that. you dont cherry pick your data or facts to fit your conclusion.
a point is either valid or invalid.
let me try and bring it home here:
skynet: every drug has a side effect e.g every currency rallies(or drug efficacy) have pullbacks(or side effects)
zusch: some drugs do not have a side effect
skynet: post chart of penicillin showing that it has side effect on 50 people and no side effect on 200 people
zusch: see! if you only look at those 200 people(and ignore the other 50 people), you will see that penicillin doesnt have a side effect! this proves that some drug doesnt have side effects!(if you only look at 7 candles.....4-5 days...or 20- 30 candles...that prove this or that.)
with all due respect, zusch, you cant pick and choose a subsection of a chart (or subsection of penicillin data)to make an argument. you have to look at the whole chart...because you cant honestly answer what is going to happen the next day...the next day could be a rally day or a pullback day...you dont know...is tomorrow going to be a rally or pullback in EURUSD? ONLy the market gods knows for sure. everybody is just guessing.
" It may mean something. It may mean nothing at all "