Mp -- Its The One Trick They Dont Want You To Know About !
When I see statements like this, I know that something is not quite right somewhere.
No financial market is anywhere like completely predictable. Maybe a bit predictable and probably the degree of predictability is sporadic.
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actually, GIVEN THE TIME NEEDED FOR THE PRICE TO GET THERE, ONE CAN PREDICT ITS MOVEMENTS AND SPEED, but please notice that i said "almost" completely predictable and NOT "completely" predictable.
the forex market works on support and resistance --- it proves it intraday, daily, weekly and monthly -- fundamentals move it for a short period of time, at which point it invariably returns to exactly where it started, and then continues its trend. This support and resistance is recorded, plotted and predicted thru the use of trendlines, the LRC channels and the DeMark trends, and once used, is utterly painless !
I beat my gums about this constantly, and many disagree with a vehemence, but those who follow even some of what i teach report back profit, where only losses existed before.
I do get tired every few days of listening to those with little experience telling me how wrong i am, especially when they havent the beginnings of a clue themselves --- Ill begin to listen when you have 5 years solid trading for profit --- 10 years impresses me a bit more, but not overly ! Also understand this is a "general" rant, and not directed to you in particular, but every new group of newbs has to re-invent the wheel, when weve got, and will give them, a perfectly good set !
take a look at the enclosed chart, then read some of the responses posted about me and my methods --- read about the ones who make money or now DO NOT put me down (one gets the feeling they tried the methods, and they worked ! LOL) Notice the green down channel ? --- Notice how the prices move up and down and remain inside of the channel ? If youre moving with the trend, and it breaks out or down thru the channel, youre WAY ahead at this point ---
simply trade with the ding donged trend ! WHATS SO HARD ABOUT THAT ???
The market has a rythmn and a direction --- designed to make money. It goes up to resistance, the banks, brokers and mm's sell into the rally, setting their shorts and when the currency hits its major resistance, DOWN it comes with screaming newbs selling their currencies cheaper and cheaper, which is exactly what the institutions wanted you to do. FINALLY, after the trip down is completed, the institutions cover with the last of the gasping retail clients, AND NOW THE CURRENCY GOES BACK UP with the institutions now having cheap shares to sell the dumb money, who now buys the rally --- AND THE WHOLE THING STARTS OVER AGAIN, AND AGAIN, AND AGAIN !
one needs a few years of trading (perhaps my 30 will do ?) and they can begin to understand how the GAME is played, but to the newbs it seems a random collection of garbage, which it is not --- its deadly serious, well planned, works on an almost completely predictable timetable and is just not particularly hard, IF ONE HAS THE EXPERIENCE AND KNOWLEDGE !
ITS THE ONE, ALL ENVELOPING TRICK OF FINANCIAL INSTRUMENTS THE PROS WONT TELL YOU ABOUT, cause its how they make their money and they dont want you eating their lunch !
of course, that last statement takes time to accomplish, which is why I get so much disagreement on these boards, but never from those who see my accounts or trade using the channels !
enjoy and trade well
but learn what its all about, cause this aint monopoly
mp
