Disliked{quote} This plays off Z's above. Their are many many ways to do this folks. None of us who trade just technicals, claim or will ever claim it's the only way. Anyone who tells you this is the ONLY way to trade is just blowing smoke. PERIOD. These are the markets. They involve many different players making different decisions. As a trader my goal is to be logical and consistent. In the long run my proven edge will play out. I could develop methods based around many different concepts. Truly this is the beauty of the markets. But trading has much...Ignored
This is IMHO a Great, Great Post and really resides with what I have recently been learning or rather I should say, Ghous has taught me.
It is not only the system but our belief in the system that makes any of them work.
This also resonates with the OF. People are entering and exiting trades in different TFs with different account sizes, draw-down margins & Tps all the time, this is the only reason the market moves.
Recently, it appears to me that, the only way to be profitable in the business is to work out where the short term traders get in and get out, and utilize the momentum or liquidity created by the entries and exits in the context of the bigger picture.
I totally agree that PA does this without the need for really understanding the who's and whys. Rather like most people who drive cars really have none or little understanding of Induction, Compression, Ignition & Exhaust. They just need to get to where they are going and really don't give a care as to the mechanism of the vehicle.
Thanks again Mike.