DislikedLet me try to open the eyes and minds. Look at the GY chart. If all the paid data, sophisticated ideas and fancy indicators can't tell that GY raised value 120pips from the open this morning, what use is all that sophistication ? (Fact is all yen rose value, that's how clear the market is) If all the paid data, sophisticated ideas and fancy indicators can't tell that GY dropped value 400pips from the open on Friday, what use is all that sophistication ? This is the turning point for me - it woke me up many years ago. I stopped thinking stupid. Hard...Ignored
Thanks for the explanation and charts. I feel that most here are able to see targets, understand what is happening in the long term chart whether its an up day or down day. These targets could also be daily, weekly, monthly open and close, RN etc. Majority here are not able to understand which target will hit first and when to actually place the trades. I also agree that you and 3 or more traders here have understood the market and got your systems all sorted to live trade. Honeslty i am happy for you guys. My input is that if it was that simple then we may not be seeing about 70% of traders failing. Its not just about trading but things like money management, stop loss etc. There is lots of wisdom, philosphy and all but to be honest most here can only know why the price went to a certain target ONLY after it has happened. One trader here who has been giving out calls is Ihlas and we all have asked him questions and looked at his charts as to why price went there. He has given us some clues and we have tried to dig deeper. Its just human nature that all want to get results and fast. George has stated that long hours are needed to understand how the market works. You have understood the market and are doing ur bit by sharing knowledge. Its not spoon feeding which we all agree to but i would just like to say that since you are sittimg on the other side table its looks easy BUT it ain't for the majority. Most are trying hard some not so hard but the bottom line is that, trading profitably ain't easy and the stats of 70% traders failing is prrof of that. Human nature will come to fore and people will jump from thread to thread looking for success. Some will start paying to these gurus who sell EAs and stuff but don't trade themselves. Its been happening for ages. The good thing as that here we have some genuine people sharing their knowledge and sharing whatever they feel has to be shared.
Happy Trading All
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