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So going off this hideous chart, why would anyone have been going long after Mon 8th/Tues 9th?  Because you trade upswings on lower timeframes?  What kind of trend is that, anyway?  Isn't it just going sideways?

The lines and indicators aren't telling me anything that I can't already see.


No wonder so many people lose money.



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I use only 2 MAs as a filter (used the same settings long time) Had some time over and did a backtest buy sell on cross I used a trailing stop and optimized the trailing stop only and for th


Dax pausing at the weekly R1 and Dow within striking distance of it's all time high. H1 charts;

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23 hours ago, Guest Just Me said:

I suspect many trading possibly look a bit more in depth

Fundamental analysis?

Elliot Waves?

Or analysing charts with the power of hindsight?

Edited by dmedin
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23 hours ago, Guest Just Me said:

But hey, that's just me and perhaps that's what traders do and perhaps I need to study 'dumps' and 'erections' far more to become a successful trader. 

So what are you studying that makes you successful?

Stuff on Dailyfx?  'Here are a dozen lines; price may do this or it may do that.  If it does do that then it may do this; or it may not.  And if it does this then maybe this will happen, or maybe that.  And  by the way, 62% of IG's clients are long and they are a bunch of idiots who lose all their money.'

How is that working out for you?

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Guest Just Me
1 hour ago, dmedin said:

So what are you studying that makes you successful?

I'm not successful.

1 hour ago, dmedin said:

So what are you studying that makes you successful?


1 hour ago, dmedin said:

How is that working out for you?

Not good.😄

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31 minutes ago, Caseynotes said:

Why levels are so important for trading.




That looks great although I don't know what that alternating-coloured line is.

On IG's 1 min chart you can see it bouncing off daily pivots, PRT lets you have hourly, four hourly pivots etc.

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Doesn't work when I try it.

Must be doing something wrong.

I mean ... if all you're doing is buying and selling bounces off pivots then why even have 'indicators'?

It's like all these hideous f*king charts plastered with sh!te to make the 'analyst' look like they know what they're talking about.

And the punters (who are a bunch of losers, mainly) lap it up and ask for more.

I am both confused, and stupid - I know that I know nothing.  What?

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Well here's a conundrum.  It looks like it was just another 'wee dip' in the DJIA, but most IG clients are long.  


So, what do I do in the here and now?

Not, like Chris Beauchamp, smugly look back months from now with his awesome powers of hindsight and say that most IG clients were dumb losers.


ANSWER: Don't go long or short.


Edited by dmedin
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5 and 20 with RSI gave a sell signal though.

No 200 SMA filter used.

When using the RSI you have to be prepared to through your crossover rule out the window when you see a divergence followed by a big candle penetrating the 5 SMA 🤯


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17 hours ago, Kodiak said:

Nasdaq 240 min

Struggling with 10K

Interesting insight into Nasdaq's repeating 5% corrections near the end of the vid 'understanding auction imbalances' just posted in Technical Analysis thread.


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