Reading and studying EOD charts, is piece of cake..but being an active trader, needs "big balls of fire"..
I remember a guy few years ago. He posted an "amazing" analysis for an index. He was explaining what we should have done in each case. Let me give u few examples..
1 RSI oversold...it was obvious a buy...(MACD bearish..MAs bearish)
2. MACD bull crossover ( RSI? MAs?)
3. MACD bullish divergence (MAs? RSI?)
end so on....
He was refering in each indicator whenever was convienient for his "scientific analysis". Closing his post, he said the magic phrase " So you have seen how easy was". Naturally he accepted lots of credit by all the members and i felt like stupid...Holly f@ck!!!
There was no plan...no strategy....I am 100% sure that this guy was a real "tourist" when we had the real action...He had no balls to follow any signal...Because there was no CLEAR signal....
Read charts...but develop a strategy...specific entry and exit rules..All the rest are BULLSHIT...!!
THEHAWK
I remember a guy few years ago. He posted an "amazing" analysis for an index. He was explaining what we should have done in each case. Let me give u few examples..
1 RSI oversold...it was obvious a buy...(MACD bearish..MAs bearish)
2. MACD bull crossover ( RSI? MAs?)
3. MACD bullish divergence (MAs? RSI?)
end so on....
He was refering in each indicator whenever was convienient for his "scientific analysis". Closing his post, he said the magic phrase " So you have seen how easy was". Naturally he accepted lots of credit by all the members and i felt like stupid...Holly f@ck!!!
There was no plan...no strategy....I am 100% sure that this guy was a real "tourist" when we had the real action...He had no balls to follow any signal...Because there was no CLEAR signal....
Read charts...but develop a strategy...specific entry and exit rules..All the rest are BULLSHIT...!!
THEHAWK
No comments:
Post a Comment