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PebbleTrader
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Postby PebbleTrader » Tue Jul 24, 2012 2:13 pm

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Life is just a journey

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Postby PebbleTrader » Tue Jul 24, 2012 2:14 pm

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Life is just a journey

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Postby PebbleTrader » Tue Jul 24, 2012 2:14 pm

These are the few dots that we are concerned about...
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Postby PebbleTrader » Tue Jul 24, 2012 2:15 pm

The other dot that is not shown would be our position.
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Postby PebbleTrader » Tue Jul 24, 2012 2:20 pm

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Postby PebbleTrader » Tue Jul 24, 2012 2:22 pm

In the rabbit hole, do we care about M1 trends, how about M30 trends, how about H1 trends?

Do we know or care what the future will bring?
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Postby deltaskelta » Tue Jul 24, 2012 2:39 pm

yes, we care that the future will bring a change in price.

But other than that, i guess you can forget all the normal stuff like trends and fancy indi's and whatnot

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Postby speed26 » Tue Jul 24, 2012 2:48 pm

PebbleTrader wrote:In the rabbit hole, do we care about M1 trends, how about M30 trends, how about H1 trends? Do we know or care what the future will bring?


Past has no bearing on future and future has no bearing on present.
Only available information is the current moment = current quote.

Price has equal potential to go up or down from current quote.

Knowing "how much" it will move is predicting, which is pointless since by predicting we are trying to influence what price will do and it has no bearing on how far it will go.

Pebbletrader, i 100% agree with what you are sharing here: It is objective and simplistic.

However, what moves markets as a whole is the money. The more money IN a particular currency, the stronger the move, the stronger the force behind it = less risk for us.

Intrigued and pleased to see such notions. Keep them flowing! :)

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Postby deltaskelta » Tue Jul 24, 2012 3:07 pm

PebbleTrader wrote:Image

TRO posted this many years ago.


if you truly don't care about the past, then what are you trying to say by this picture? its relating a whole bunch of past events to the present

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Postby PebbleTrader » Tue Jul 24, 2012 4:47 pm

"if you truly don't care about the past, then what are you trying to say by this picture? its relating a whole bunch of past events to the present"

What does speed look like on a chart? ...a trend line

That is showing many options that could exist for a trend line.

Which one is going to make money?

What it is showing is the subjectivity involved in speeds.


But can the trend lines studies be used for analysis....?

I'm saying that at some point during a trading sequence, it might be useful to hop down into the rabbit hole where time is ignored.

Just like a hammer is the tool of choice for one job, whereas for another it could be the power drill.
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