With respect that’s unwise
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My last response - I take what you are saying at face value - My perspective is to teach and engage in the exchange of ideas/debates with the truths that I hold most strongly, coming from a desire to help others avoid getting rekt
I don’t use classical patterns either; am I mug?
Discretion, mate.
Despite all your apparently altruistic intentions, speaking in absolutes such as "it would be unwise to ignore a bear flag" only does more harm than good. It breeds a notion of bear flags having a 100% strike rate, which is far from the truth. "Barts" are in fact equally common.
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I can respect the pile on or group think mentality here but I do not understand the desire to question one's motives. Supposedly we are all adults here and should respect one another
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If anything, Bart’s have become a quite recognizable and trade worthy pattern. LOL
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To jump in here because "Bart" patterns often are used in a trolling context. The price behaviour is very typical and basically represents 1:1 what Lori is taching since like 20 years. Liq voids / inefficiencys getting filled. Simple
End of conversation
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With respect you are presenting a straw-man argument. I did not infer even remotely 100% accuracy, I stated that it is unwise to ignore classic chart patterns (they add value/information on the psychology, strength of trend and position in channel) also, "bart"is tower top/bottompic.twitter.com/1serIg1rvX
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Fair enough but going to the extent of commenting on another traders post (who has stated on multiple occasions he doesn't trade classical patterns) connotes that a bear flag is some rare occurrence that shouldn't be faded, which is what most of the qualms are about.
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Pssht absolutes make the world go round m8. My god is absolutely real, climate change is absolutely a myth, and it is absolutely unwise to enter a trade because of my opinion/bias. It shows power and keeps the plebs in checkpic.twitter.com/MFD4Wba6nS
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