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Why does Support and Resistance doesn't work
Started:August 14th, 2016 (02:34 AM) by sharmas Views / Replies:1,068 / 11
Last Reply:November 21st, 2016 (10:15 AM) Attachments:1

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Why does Support and Resistance doesn't work

Old November 20th, 2016, 02:05 PM   #11 (permalink)
Trading Apprentice
Toronto canada
 
Futures Experience: None
Platform: Wts
Favorite Futures: Cl
 
Posts: 9 since Jul 2015
Thanks: 4 given, 13 received

It's not just support or resistance but basically whatever it is that you decide to use as a strategy will seem to work and then not work. understanding why this is so and what to do about this natural phenomenon is the key. Here goes and I'm not playing with words, words are the play. You can' have nothing without something or something without nothing. The truth of nothing and something is that they become each other. A becoming Is a becoming of a becoming. Understand the paradox which is the result. Even if your right you may be wrong. Remember that when you remember you can only remember if you never really forgot. if you really forgot it would be impossible to remember. What goes up must come down but it must go up again because what comes down must go up. So how can you pick direction? It can be done in a limited sense but It is not necessary and you don't need to know how. The key is not to try to pick direction because the picking of direction is what creates direction so it is quite literally impossible to predict direction the way you are trying to predict direction. There is quite literally nothing there to predict as nothing has actually happening which can lend itself to prediction, there is no linear process capable of being predicted. Yet following a simple system which will work if followed is near impossible to do, at least for most. In fact, they will not even be capable of realizing that it will work. But Why? I'll tell you why? Because they are not trying to make money but are trying to stroke the ego. Your using trading to make yourself feel good about yourself and it's an addiction a bad addiction which will not be easy to break. You have to separate your emotions and sense of self worth from trading or it will be impossible to do the right thing. It won't be easy to change if you are suffering from this. I know this personally. Funny how trading seems to attract such individuals. So what to do...and I am talking to myself here.
Remember this...... you were attracted to trading in the first place not to try to make money but to prove something to yourself. You must turn this on it's head. Now use trading as an opportunity to grow and let go of the ego. Don't ever forget this. Your main goal in trading is not to make money but to grow as an individual and free yourself from your limiting ego. the moment you forget and focus more on the money you will stumble. Make it your goal to feel good when you do the right thing even more so than when you made money. Feeling good has to be connected with acting correctly not glorifying your ego by winning or proving that you were right. Effort always has to be directed in this right direction and constant self reflection will be required. The method you will use will to make money in the markets is not important and will appear to you without effort when you are emotionally in the right place. if you still think it's important the ego is still in the way. Try to feel good because it just feels good to feel good? Let your curse be your blessing. All the best.

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Old November 21st, 2016, 10:15 AM   #12 (permalink)
Trading Apprentice
conyers ga usa
 
Futures Experience: Advanced
Platform: apex
Favorite Futures: es
 
Posts: 15 since Nov 2016
Thanks: 4 given, 1 received


Fxfutures1976 View Post
Support and resistance works 1'000'000% most accurate in Currency more than any other indicator or oscillator on the market.
If you know where to look for it and how to use it.

I agree 1,000,000%

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