the waves

nifty talk 

3:07pm, 4 sep 2014

cmp=8100spot

i used to love waves especially after going to thailand, but no more.

i have noticed that when operators watch you watching the waves, they create false ones and disturb them. they use it as a tool to drown traders.

i am of the school of thought that operators have the muscle, the intention and the skill to disturb technicals

i always say that " we are playing at the technical level and getting beaten at the tactical level"

this is one of the reason i allow tactical mindset a big say in my trades.

anyhow, if i do indulge in looking thru the waves, i see that there is no clear wave formation.

we are in a phase where technicals are being distorted by the deep pockets.

waves are like nightmares, technical traders are tempted to see them even when they are not there.

if i allow myself to be scared, i see the end of second wave.

but i would rather use the tools/eyes which have promised to serve me well