Trend and momentum?

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Well, in my view, if someone is not predicting the future he is entering his positions based on luck. For example if you detect an influx of money coming in and enter a long position, my assumption is that you have predicted that price will go up ...

Fundamentals confusing the masses

Does this mean that analysis is useless? How can we spot divergence effect before they happen?

Fundamentals confusing the masses

Would you please care to elaborate more? How do you know that unknowns are deviated from randomness?

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By unknowns do you mean a stationary Gaussian random walk?

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Lets view the subject from this approach: We have free will at some level and determinism at the other level. You can move your body organs but you cannot bend your leg forward or you cannot rotate your head 360 degrees. You can run but not faster ...

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I agree with you but the problem is that Gravity is the most influencing force here. It has so much influence that we usually ignore other forces like: wind, air friction, change in the mass, rotation of the earth, ... . The question is: Are we ...

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If price bounces back from every fib level then I can accept that fib levels are result of an unseen force. But, as you know, for every bounce there is a breakout. This means that fib levels are not special levels, you can draw any line on the chart ...

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To be honest I still have not been able to grasp this concept or construct as you call it. If it is like gravity (an unseen force which controls everything) then there should be some evidences or some observations that confirm its existence (just ...

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What exactly you mean by no history? Of course a trader needs history to some extent. One trader needs to look at weekly chart while the other one just needs the price for past few ticks.

Let's talk Donchian Breakouts

Thanks everybody. So much useful comments

The Mindset of a Successful Trader

What do you mean?

The Mindset of a Successful Trader

Thanks everybody for insightful replies. I was thinking about "Driving" analogy. We can compare trading with Formula One driving championship. One can easily learn how to drive a car (change gear, brake, ...) but driving in a contest is completely a ...

The Mindset of a Successful Trader

Maybe

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To quote from CrucialPoint: The question is: if you remove X axis from the chart, then what does the horizontal axis measure? What is the purpose of the horizontal axis?

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Thank you, CP!

Challenging a Loser

So how do you want to open a position when you do not have any idea it will go up or down? Any hint on this?

Challenging a Loser

But journal posts are on the same line as this thread. So if someone wants to really understand this topic, I think, he has to master the journal posts first.

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I can relate your image to the 6 dimensional charting world of CP. In which each branch has 6 children (four 1L and two 2P). Each branch change is governed by a hemisphere (buy/sell hemisphere) and trend means price remains in the current branch. At ...

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