Mira wrote:Quote from the Blind Mouse thread:
PTG wrote:Apparently there is some confusion, where this really need not be the case. In fact, it is so simple that it becomes hard to explain. Let me try anyway.
--snip--
Well that was a shocker
That was years ago, totally forgot about it. Thanks for posting Mira !
Not much to add to it; some spelling mistakes in there but not much has changed as per MO's postings re. 8's from
CLICK CLICK. One thing that may be of help to you is to take your 2-3 lines of profit if and when they present themselves OR aim for more and take profit at the 2-3 lines distance when prices turns around so as to avoid giving back too much. The idea is to build size and by taking 2-3 lines profit you have at least something (if it gets there in the first place of course). I think MO calls that macro-scalping and it makes sense because there is a mechanical bottom line to profit taking and one avoids what is said to be a frequent mistake: giving it all back.
The rest of that post was related to the 3 custom candle indicator, which, as I see it, is another way of averaging- and visualising price, which is all well and good but the money is at stake at the hard right edge and price history is just that, price history. We trade our own beliefs and I believe it's a worthwhile belief to believe that I should trade other people's beliefs without mixing up my own belief with theirs, which is to say that I believe that people believe that price history is important because it says something about the future which I believe to be utter bollocks
There's no business like [strike]show[/strike] covid19 business.
IS A LIE__________
, this is just for a learning purpose). Trading reversals is still a 
for me..
