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Originally Posted by faure
It's good to see someone asking questions instead of believing everything that's touted as knowledge (although some of it may be true).
Trading is an unlimited sphere. There are no rules; all that matters is p&l. Why impose all these rules on yourself? Because it worked for someone does not mean it will work for you.
TABC, I seem to get the feeling that you think the market is unpredictable and random. The paradox here is that random events actually create patterns (don't take my word for it, check it for yourself). Some patterns and correlations are easier to see than others.
And do yourself a favour and forget about indicators aka price averages. The market can't be summed up in some quantifiable formulae. The answer is more abstract.
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So, then - how, exactly, does one go about making order out of chaos?
And why forget about indicators? How else are we to make sense of the markets? Tea leaves, perhaps
