People who "believe in charts" believe that the information is useful in conjunction with other information - nobody actually believes you can tell which way the market will go just by looking at a chart!arbitrage16 wrote: ↑Mon Oct 15, 2018 2:43 pmThis is from Aplomb earlier today, 5 mins out from post time. Answer the question!
Bonus points for showing working
For those who believe in charts - can you tell where this is going?
FWIW, I wouldn't have enough information to read what is going on in that graph as I'd need the others as well. But it does look like it's in a natural range of 2.50-3.00 but the current price activity looks like it's heading for a breakout. But without seeing other information I wouldn't precisely know. You can make some general assumptions but when you turn to the ladder you will start 'feel' what the market want's to do.
This is the bit that I like: "If I worry about every single tick increment that's going on, I'll have a heart attack within a couple of weeks".arbitrage16 wrote: ↑Mon Oct 15, 2018 5:07 pmAh, Simon, been meaning to refer you to PW's latest YT video, where he says that the number one thing one must have right for trading success is the mindset...ruthlessimon wrote: ↑Mon Oct 15, 2018 4:51 pmOh I remember that race, yeah a bit of a nightmare (I think there were 4 other runners at 6.0 ) - although I generally struggle when the fav drifts!
https://www.youtube.com/watch?v=NvOf8P98n_Q&t=20s
We've all been there when a trade goes against you - feeling the pain with each tick.