You ever use fractals?
Step 1: Realize TA isn't a solved problem and is a risk mitigation strategy. Step 2: Don't be fanatical about the tools you employ. Step 3: Acknowledge that there are several methods to incorporate and there is no one "correct" way. Step 4: Test everything, see what sticks.
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Acknowledge that bitmex often will paint bull flags or short squeeze us no mattet the setup. Done
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I think a good way to success is also that at some point you have to leave Twitter and make your own call. That way you get more confident about your calls and not doubt at the first person on twitter calling the opposite.
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I learnt at lot from poeple here but paradoxically have been more profitable once I left. Just a thought...
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TA will never be a risk mitigation strategy. R:R ratios, stop losses, and sell targets are the ONLY way to truly manage risk in trading.
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Amend step 4: Test everything, see what sticks FOR YOU. If someone makes money using something you don’t believe in (moon cycles anyone ? ) then let them be. Eventually the cream always rises to the top let stupid people be stupid and move on.
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Which indicator exactly is that? Some kind of MACD?
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To me, TA is like checking the daily forecast in the morning when deciding how to dress for work. You can still get a rainshower in the afternoon when the weatherman predicted cloudy skies only, but the chance is much smaller. Would you say this is a fair analogy
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