Trading is a profession in its own right and I don't expect you to learn it just to understand my posts. I'm expecting just a basic knowledge. A good initial reference can be found here:
http://stockcharts.com/school/doku.php?id=chart_school
RE: ETH/USD TA
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ETH/USD TA
Exactly. Of course I do not pretend to understand trading just by reading you... but your posts have motivated me. For example I read your comments about Fibonacci numbers and their relation to market behaviour and from there I searched and got a lot of info I am still studying. I consider myself organized and perseverant. I will follow the link you sent. Even if I never reach your level (and I don't pretend to) I will understand you and others better and hopefully that might help me make better decisions. Many thanks again.
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I had the good fortune of stumbling across srezz's work on the other site, and I was in the same place as you at first. What he taught me first was to understand the fundamentals of TA and then I was able to understand a great deal of what he was posting. Then it was up to me to learn on my own and listen. I have said before it was a great deal of fun learning something new and having someone who is giving us information not only for our assisting us in making decisions, but to learn something new. My view is, the more you know, the better advantage you have in the future when the world begins to use what we already know to be the future economy. I'm not on Srezz's level, and will likely never get to that point, but I can understand why he posts the updates and what they may infer.
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I was just guessing on where to enter or exit a market until I stumbled upon srezz's work. He recommended this book, Technical Analysis of the Financial Markets: A Comprehensive Guide to Trading Methods and Applications, by John J. Murphy.
Although I'm only on Chapter 3, my entry into and out of the ETH/USD market has been consistently within a dollar of the min max.
I have just started a 3 month proof of concept using about $2000 usd. I've been able to generate $25 USD per day using the knowledge gained from srezz's tips and examples. I'm hoping to be able to give him a donation at the end of my trial.
Thank you for taking the time to educate and inspire so many.
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I just saw this post, please ignore my previous comment. Thanks a lot srezz!
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