Been hanging around this thread:
After a lot of thought, it kind of feels like the “path to profits” has been made both easier and harder. On one hand, the market has been simplified to:
- Find good areas to trade in (done)
- Find strong signals within these areas (not done)
- Find success and failure points (not done)
On the other hand, the methods used to find the next steps seem to make frequency distributions of price retracements/extensions less effective or not effective at all. These are the “other methods” or additional parts.
Having the trade spots known creates a sort of a filter on what price range are worth looking and excludes certain types of analysis making it easier in the hypothesis but harder in the design phase. Time to be “creative”.
*puts crazy hat on*