Of course it is of no importance regarding results. But it *is* of importance, proving definitely that no indicators *can* be used in my case. It is 100% technical.
Ok, so is *that* of importance then ? –> also not. But it is, I think, relevant to the question “do we dare to go Long still ?”.
IMHO there is no single way that this market can be traded normally. That is, I would not be able to (manually, I mean). Not Long-only, not Short-only, not mixed. For the same reason, all Elliot Waves are BS – again, IMO. Envision – Go Long accidentally, and simply wait until the next support breaks, and lose another 20K. And another. No worries, Elliot will be right ! Yea, at some stage he will be. In this situation this very well may be when I am 100K under water (would I follow Market Place “principles”). Hey, I trade for myself and not for poor clients. It is the same as what the book tells – you can infinitely find such waves. But not within minutes, I’d say. It’s just not the method to go for. And with that : so much for any Market Place idea that I have seen so far. “Blame the market ?”. No. It is a challenge, that is all.
justisan, it looks like you saw my last post as a kind of mild attack to your post. It was not, and I wouldn’t dare. We agree too much about everything – and Yes we trade differently. In between the lines it *is* all about the Market Place self promotion. Be that from the North or be that from the South. We again agree …
Happy Easter to all !
.
