Monday, May 25, 2020 12:16:36 PM
Saying this because I won't pose riddles but certainly will be willing to help to dispel as much as I can the disinformation that the newtwork spreads everyday...
So, how can we go about this?? humm difficult...
Let me say that I would like very much to change my alias, as Trends.... doesn't exist!!... so TechniTarget would be more appropriated....
The beauty of the game we are playing today is that at some moment in time it was hijacked, so the concept of trend, support and resistance, supply and demand that we all saw in Gann charts, Elliot, you name it, are fully manufactured today, every day.
If for argument sake, you take my point of view, then you can answer your own questions... all what you are saying is within the logic or the story you (we all) have been taught. Think about it, then think again.
The concept we all need to understand is that we are taught what "is" support and resistance and what we should SEE about it and how we can REACT about it.
I recently heard a paid guru in a free webinar saying that resistance is like a wall that will need to be hit several times to break it, and then you need to wait for the break out and that the short moving average below curve up.... yeah right.
Just go to any of those and see indeed how it is attacked multiple times and then, many times, in a simple spike taken, and maybe even reverse...
This is what they want us all to see. Not that you are in the process of reinforcing your conditioning to an stimulus. Not that trend players are putting their bets, not that break-out players are putting their bets, not that Fib players are putting their bets.... around the levels they have created for the "educated" players.
Isn't a trend just one candle in a bigger time frame?
How many long term investors use the 200 MA as their sand in the line?
How several targets are taken precisily and the next one just so close is not? it could be that that target is reserved for fund managers and their quarterly "indicators" so it is not ripe just yet?
What happen with Support and resistance or supply and demand when there is pin action? how can work the burning premium thing?
Why Bitcoin was running wild and now is well behave with S&R, Fibs levels, you name it?
Bulls and bears don't exist
Trends don't exist
Support and Resistance don't exist
Supply and demand don't exist
The only thing that exist is The House, the players, their bets..
Hope it helps......... or not?
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