MightyOne wrote: John S. wrote:
C'mon MO, please respond to TRO's request. "Gobbledygook" is what you are famous for! LOL.
My "fame" is that of a neighbor, 7 years of communicating with a small group of people.
The group understands the local dialect (TROgalog, a language based on TRO), but to the outsider it is gobbledygook.
TRO knows the answer to his own question, he has quoted H. Rearden a thousand times:
- H.Rearden wrote:
"Now, 2 patterns of market behavior happen on a regular basis:
1) the price breaks to new high's [from what?]
2) the price reverses from new high's [to what?]
They happen regardless of time frame (with the obvious limitations explained above)
They are phenomena that can be exploited without the fear if found out by others, that they might cease to exist."
I agree that your fame on this board is local "gobbledygook." The "insiders" on the board LOVE your "gobbledygook" and think that if they understand all of it, they will be wildly successful traders. When, in reality, it only confuses them. In fact, all of that "gobbledgook" is nothing more than a distraction.
All they have to do to be very profitable is to only understand the basics of trading and consistently do these four things:
1) if price is going up, go long
2) if price is going down, go short
3) if price goes against you, get out.
4) if price goes in your favor, stay in.
Everything else on this board, any other board, on any website, or trading marketing email is simply something designed to sell something, or feed someones ego.
Have a great weekend.