Quote from: EarnOnVictor on Today at 02:31:24 PM

Quote from: shisotsu on Today at 12:50:32 PM

For all my 5 months in trading, I'm learning only technical analysis but now everyone is talking about the concept of "Smart Money". So I think that trading is changing and speculators should stop trading based on technical analysis. Or smart money just a concept that cannot possibly work in the market,

Just five months? No wonder, you are still new in the market trading, you need more experience if you would stop listening to people so as not to misguide you. As a matter of fact, I have never seen a better and more powerful way to know the trend of the market than the technical analysis and what the sentimental analysis and fundamental analysis can't do, it would do it successfully and even easily. It has been the best light on my trading path and without it, I don't think I can trade this long as my trading system centres on it having tried all possible means of trading. My advice is that you learn about it more and train what you learn about it for your own good.

You can learn the price action, Fibonacci and trendline among others, and avoid much of the indicator's trouble and deception. And if you learn them diligently and understand them as well, you will never have issues with your trading anymore, I am sure of that, and it will make your trading management easier for you. By the way, those who are talking about "Smartmoney" are only enjoying the excitement of the moment, you will see all of them shutting up their mouths when this obvious bullish season is over. This is where you are multiple times better than them as your time in trading does not have a season. You profit all the time if you fully understand your chart reading.

I understand that I'm newbie in trading, now I'm trying to learn only the right things and not get lost because of other concepts and other people's opinions. Thanks for the advice and for guiding me!!!