DislikedEURUSD Comments Intro The DAY chart shows a quasi double bottom with PA climbing since then. And recently in the climb there are two retraces. Late PA last Thursday PA was the second retrace. Friday PA was consolidation at the bottom of the retrace. So, is the retrace over with, or soon to be over with, and to be followed by a resumption of the up trend? Or is this second retrace the start of a weakening of the new up trend, to be followed by new moves lower? These are the questions a trader asks and seeks answers to. And this is complicated due...Ignored
Absolutely agree with you TAH. Many thanks for your great holistic explanation. "Effort vs Result", it sounds better and better structure of terminology too.
I think, all soniker Especially for the new comers should discussed it frequently. I have a little concern, some times many traders "called - use PVSRA" but they cant read as it was intended by PVSRA. This eventually became like a mechanical system, mechanical reading. Maybe in other side - some told that trading is all about profit, it doesnt matter how they trade, "mechanical , dialectical", and so on. its all abaout PVSRA. There are so many journals, research, analyzes that have analyzed the market that eventually gave birth to this PVSRA - and it also starts from the failure and bankruptcy of retail traders too. So, I think the art of PVSRA is when we try to read the market, read each MMs scheme, read the directions of SM, identify DM; to minimize risk and maximize profit.
Again, many thanks TAH...
_MJ
"Bulls make money, Bears make money, but hogs get slaughtered"