John S. wrote:
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.
"Price cannot rise on wicks neither can it fall without closing lower", "trade in the direction of profit", "be mindful of where your stop loss is on larger charts"; aren't these the things that I have been saying all along?
Nothing that I say is gobbledygook nor is that what I am known for.
I can be cryptic but that is because the key to trading successfully is not the 4 points you listed above but the ability to think for yourself:
"if price is going up then go long or if it is going down then go short, but if you see something different then do something different"
Everything is confusing until you understand it, even the simplicity of horizontal lines.
I do not sell anything nor do I have an ego, the next thread could be private or not exist; it doesn't matter to me whether I talk to 5 people or 5000.
You enjoy your weekend as well, have fun kicking rocks