Also I liked this post from early Monday / late Sunday and I think it's worth a requote. To me this was logical chart analysis (personally I would include this in technical analysis, but maybe others wouldn't), and happened to be almost spot on. ...

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

Pipalicious, you literally just did what you just said you wouldn't do, with that last post. I mean hey, at least I'm honest with myself. I am here to partake in silly girl fights, ridicule, etc. I'll leave my serious posts to the serious threads

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

I think the post by Cypr3ss > might have smoked him out...

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

This is a joke, right? The top 10% of Americans have the lowest effective tax rate since the 1950s. Corporations are paying the lowest effective tax rate since the 1950s. The effective corporate tax rate in the US is 1.8% as a % of GDP, this is the ...

How did 'rich' economies get so in debt?

I believe your understanding of how successful PA traders trade has probably been thrown off by all the losing PA traders and noise that exists on these forums. I doubt many successful PA traders would take a pinbar and trade it without any context, ...

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

Right, and I think the OP was addressing the people using those systems... to which he didn't get any satisfactory response other than a bunch of yelling about how they don't need to know how EMAs are calculated as long as their EMA crossover made ...

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

Don't you see the problem here? No one in this thread has done that. It has nothing to do with understanding how RSI or stochs are derived (although I certainly think any trader using these tools should know how they are derived, just like anyone ...

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

I wouldn't consider traders to be bad people by default. I wouldn't consider bankers to be bad people by default, either. I would however suggest that both professions attract greed by nature. I certainly wouldn't consider trading or banking to be a ...

Are Traders bad people?

A decade ago the US was facing a surplus so large we had the potential to eliminate the national debt. Then came two wars, exploding healthcare costs (letting big pharma set their own prices even though they are supported by government money), and ...

How did 'rich' economies get so in debt?

The US is in debt because we are engaging in two enormously expensive wars overseas (along with the UK, and others), and we have expensive entitlement programs. That's half the reason. The other half would be down to the fact that our tax revenues ...

How did 'rich' economies get so in debt?

No doubt, but some of us need some way to pass the off times at work... grain of salt, and all that

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

That would be exactly why I said the people who went short were "fools"... As were the people who put their stops directly below the London low. It's asking to get stopped out either way, and both behaviors are exactly the type of action I expect to ...

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

Look at my attachment of the most recent trading days. Take the July 22 NY low, 1.4323 @ 10AM (roughly). Now take the next trading day, July 25 London low, 1.4328 @ 3AM (roughly). These are the most obvious points that stick out with relevance (both ...

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

Well, no. If my point about stop-hunting and herd mentality/behavior are true, then price movements are absolutely not random and arbitrary. And why is who is buying/selling relevant at all? And why is WHY they were buying/selling relevant at all? ...

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

I guess I always considered trading anything based primarily on the charts alone and not fundamental data (or tea leaves, or the position of the moon) part technical analysis. At the very least, I think one can take traditional TA (MAs, trendlines, ...

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

I think the best way to go about the argument then would be to address specific elements of price action. For one thing, it's a very vague term, and I think that's what Cindy was getting at when she said it can work for one and not another; two ...

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

Price action works because it is a visual representation of market behavior, which itself largely includes human psychology. Most retail traders are a drop in the bucket and can largely trade any way they want. As a small guy, when you consider that ...

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

Does the result surprise you? Obviously most people who try their hand at trading have no idea what they are doing, and don't possess the motivation to get a proper grasp of the market or the tools they want to use to trade it. Look at the threads ...

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

I mean it's a nice idea to just define when the market is ranging and when the market is trending and trade it as such, but it's such a ludicrously naive statement that anyone who makes it I can't take seriously. If we could all just define when the ...

Why exactly do EMA crossover systems not work?

Hey, I have no problem with anything you said, it's all good there. And MAs are worthless to my trading, but I do enjoy reading the arguments pro and against. I just thought it was funny that (and I think you'd even agree) you didn't say ...

Why exactly do EMA crossover systems not work?