C
I always wondered why reading lines, bars, volume, candlesticks, moving averages work since decades or maybe centuries ?
Well I have conjured my theory that Certain very sharp person or people with lots of money developed methods to play with the retail psychology, the studied reactions over time modified plans to the reactions. Now those rules have been passed over from generation to generation to closely knit high end people & their circles. So the rules to loot the retail, the plans & strategies have always remained the same, thus over the decades people have tried to decode them thru means of TA & so that's how TA analysis remains the same as besides those initial smart guys no one added any new strategies to loot the retail...
so now all the new so called operators can do is give false break outs, etc to wave off the Tech readers. As any kind of Trade is basically a play of emotions & psychology of human behaviors & its reactions, so till some smart guys again comes up with new set of ways, enjoy....
What is your say on this ?
Well I have conjured my theory that Certain very sharp person or people with lots of money developed methods to play with the retail psychology, the studied reactions over time modified plans to the reactions. Now those rules have been passed over from generation to generation to closely knit high end people & their circles. So the rules to loot the retail, the plans & strategies have always remained the same, thus over the decades people have tried to decode them thru means of TA & so that's how TA analysis remains the same as besides those initial smart guys no one added any new strategies to loot the retail...
so now all the new so called operators can do is give false break outs, etc to wave off the Tech readers. As any kind of Trade is basically a play of emotions & psychology of human behaviors & its reactions, so till some smart guys again comes up with new set of ways, enjoy....
What is your say on this ?