Hi everyone,
I am Freetrader, 31, from Barcelona. I am an engineer and I worked in the industry for some years, especially in the fields of operations management and quality, since I enjoy analyzing stuff and creating systems.
I have a very eclectic nature and I'm a bit of a hack, jumping from one thing to another (which is a trait I don't like very much of myself), anyway this led me to often change jobs from one company to another (luckily it seems I am good at getting new jobs, for some reason), until I finally realized that I was not good at getting the...
In my experience most technical analysis and indicators are unreliable, and most of the patterns that many traders use and teach others are spurious. Like with the Bollinger Bands, let's say the price approaches the extreme of the band, people will tell you it means it's moving and it will break out, or that it is an extreme value and soon will go back the the average. But which one is it? No one can really tell you, and if you try to calculate the probabilities with past results it comes out around 50/50, as you would expect by the theory of efficient mar... (read more)