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People actually fall for this

  #5 (permalink)

Trading Experience: Intermediate
Platform: NinjaTrader wt Rancho Dinero's profiling tools
Broker/Data: AMP/CQG
Favorite Futures: ES, NQ, YM
trendisyourfriend's Avatar
Posts: 3,851 since Oct 2009
Thanks: 3,422 given, 4,863 received

Grantx View Post
I get this email telling me that this amazing piece of software has just identified this frikkin awesome setup today:

Its just amazing isnt it? this blue coloured triangle that lets me know price could go either way! The scary part about this is that someone will buy into this. These kinds of emails are ongoing because people continue to fall for it. I dont know why I bothered looking at it just boredom I guess, but the thing is they dont even pick a direction. How desperate would a person have to be...

What is the difference between these two potential hypothesis and what FT71 does everyday with his traderbites using volume profiles to define various hypothesis to the upside/downside?

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