I keep getting different renditions of the same explanation of their system... "it works because it works" seems to be the theme of most traders on this forum... And unless every trader that has dropped the infamous "it works because it works" is in ...

Price action is dumb, and you're lazy for thinking otherwise

Not satisfied.. I want 6 pips.. In a world of probabilities you have to understand certain things.. 1.) We can easily be fooled by random events 2.) Anomalies happen, where events that are statistically near impossible occur For example, when I ...

Price action is dumb, and you're lazy for thinking otherwise

Oh yeah I funny...... great point

Price action is dumb, and you're lazy for thinking otherwise

Yeah, I saw the chart from your first post about your method.. In order to call those "supply zones" you have to make a few assumptions that I'm not sure we can verify... The most important being that the ratio of buyers to sellers is still the same ...

Price action is dumb, and you're lazy for thinking otherwise

If you think just by setting your take profit at a price point 2x the size of your stop loss is from your entry increases your "potential" profit then answer me this... Why not set it 15X away and then you have a 15:1 ratio!?!??! You - "Well because ...

Price action is dumb, and you're lazy for thinking otherwise

Hmm Thing about using all those indicators at one (Bollinger Bands, EMAs, RSI and Stochastics) is that they pretty much all measure the same thing.. Bollinger bands are a little different, but they are merely an SMA with other averages placed X ...

Price action is dumb, and you're lazy for thinking otherwise

You are headed in the right direction.. You ask the questions you should be asking, and you haven't just settled on any old system because you get a few good trades from it.. Let me know if you need any help whatsoever, I like how you think, and it ...

Price action is dumb, and you're lazy for thinking otherwise

Yeah no kidding! So, I was going through the system that you posted, and I pretty much broke every rule down, what I thought about it, ect... Then I deleted everything I wrote... Oh god why??? well, It wouldn't help you... or me... haha What I am ...

Price action is dumb, and you're lazy for thinking otherwise

Yeah, problem is most people dont even have a theory about what color swans are in the first place... They take the "who cares, if it's a swan its a swan" approach.. Money management is important, but a lot of times that is just good for lowering ...

Price action is dumb, and you're lazy for thinking otherwise

Ok, Ill look over it again now... Sorry, I had to keep up with all the other posts... Give me a few minutes and ill have something for ya

Price action is dumb, and you're lazy for thinking otherwise

Someone knows what they are doing! Very good questions! Yes it is all objective. I based my system around one very simple statement, actually started with a large drawing board and all I wrote was: When demand is greater than supply prices go up and ...

Price action is dumb, and you're lazy for thinking otherwise

I got back to you in your PM btw

Price action is dumb, and you're lazy for thinking otherwise

Thanks for the post euro!

Price action is dumb, and you're lazy for thinking otherwise

I think nubcake gets it too.. There two driving factors in a market that a trader should be concerned about... The supply and demand of a given (insert whatever you trade here) That supply and demand is based off of different factors that drive the ...

Price action is dumb, and you're lazy for thinking otherwise

Because we grew up learning from different stimuli from varying environments... thats another story though.. Point: 1+1 = 2 no matter who is holding the calculator. If a trading methodology works for one person and does not work for the other that ...

Price action is dumb, and you're lazy for thinking otherwise

Thanks newyear It's great to see someone understands where I am coming from... I just want to know how many people negate to look past the lines on their charts and have gone to ask themselves why am I doing this? Not just "oh it works because it ...

Price action is dumb, and you're lazy for thinking otherwise

Not trying to be confrontational, but I feel like I will have to keep reminding people this... They work maybe a tad bit over 50% of the time just because prices can go either up or down. And no I wasn't saying they will ONLY work when Pin bar ...

Price action is dumb, and you're lazy for thinking otherwise

Referring to what you said about midpoints/bars: Yes this can happen quite frequently. However the sad fact of the matter is that something that happens even as little as 45% of the time can look like an exploitable event, when inherently you ...

Price action is dumb, and you're lazy for thinking otherwise

I have been asking why... Why does TA work? And all I get back are 1.) You dont need to know everything to trade 2.) It works because it works, so who cares So no, this is not about my ego, I really am not too worried about being validated here. I ...

Price action is dumb, and you're lazy for thinking otherwise

WHY

Price action is dumb, and you're lazy for thinking otherwise