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You lost your mind!? My quotes and arguments about trading

  #5 (permalink)

Wiltshire, United Kingdom
Trading Experience: Beginner
Platform: Jigsaw daytradr
Favorite Futures: US Equity Index Futures
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So somebody selling the channel top took a small loss when it made a new high. Then price failed to break away but came back to the top of the channel, consolidated, and then they could have entered when it broke through with a target, as they were trading the channel, at the other side of the channel.
Result: 1 small loss, 1 win about twice the size.
Are you suggesting 'market makers' always win? How does picking out one example of a loss on a chart prove that all or any of the things you mention don't work. I tend to agree in that I think for shorter term trading order flow becomes much more important and useful to be aware of, but for longer term trading I think traditional technical analysis of charts is probably going to be of more help.

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