Slope of Hope Blog Posts

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The Scientific Approach to Trading (by Retracement Levels)

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This post has no trading setups in it, just a couple of thoughts on the way we approach the market problem.

There are many methods widely available to the public, from Elliott Waves, to Technical Analyisis, Indicators, etc. to try to figure out what the market will do next.

One thing that seems evident is that the vast majority of people is looking pretty much at the same things, although very few take the time needed to question these things. Do they really work or not? Are they based on scientific logic or delusional fantasies? Etc?

I'd like to make some example of the folks that make long terms predictions, for example stating that Gold and Silver will go up a lot in the next few years, or that the SPX will collapse and go back to 300, or that US bonds are the short trade of the century, etc.