Sacrophage wrote:Jalarupa wrote:Efficient Market Hypnosis...
My experience in markets show me that markets are not efficient... This inefficiency is what value investors exploit everyday of their lives... Forex is just as inefficient... You telling me that a currency can drift away from fair value indefinitely?
We are probably talking about different things - I am saying that there can be no static recipe. Fixed rules and parameters that consistently work do not exist. All fixed sets of rules and parameters are profitable sometimes, and all fixed sets are unprofitable over the longer term. Just trying to save time if you were going to backtest your observation about the cones.
I agree... But I was merely stating an observation that I have been grinding to for the past few months...
This observation is nothing more than the confluence of the cone (inverse) to the BDP, 75% retrace anomaly of old, ZLine, FAT CAT.... Etc....
I trade confluence based on multiple boxes being ticked for the right reasons...