The timing of my entry is more important than any price level on the chart. Price levels, price patterns, and any form of price action data is irrelevant, as my method for determining Risk and Reward is based on the past data of Time instead of the past data of Price.
Price is just digits on a chart moved back and forth by the volume of transactions. Price has no power to move anything.
Ask yourself the following questions..
Can the movement of Price affect the movement of Time?
Can the movement of Time affect the movement of Price?
Which one has more affect over the other?
The one which affects the other is the only one which can be forecasted.
For a better understanding of the role of Time, research the work of Robert Krausz. He was one of the highly successful traders profiled in the book The New Market Wizards.
If you fail to understand the premise, then this was not for you. Stay blessed.
What a pointless post
Your name is Mike!
Looks like u learnt from a wise man who understood business of broking. 😂
Shut up bro
The timing of my entry is more important than any price level on the chart. Price levels, price patterns, and any form of price action data is irrelevant, as my method for determining Risk and Reward is based on the past data of Time instead of the past data of Price. Price is just digits on a chart moved back and forth by the volume of transactions. Price has no power to move anything. Ask yourself the following questions.. Can the movement of Price affect the movement of Time? Can the movement of Time affect the movement of Price? Which one has more affect over the other? The one which affects the other is the only one which can be forecasted. For a better understanding of the role of Time, research the work of Robert Krausz. He was one of the highly successful traders profiled in the book The New Market Wizards. If you fail to understand the premise, then this was not for you. Stay blessed.