Would you say that the majority of forex indicators like TA, PA etc are pure BS?

[TalonD]

Few things are set in stone? For instance, light does not always travel at a constant speed… passing through liquid nitrogen it will slow to 30 mph. Bet you didn’t know that? LOL!!! .

hey! I’m supposed to be the physics genius around here!

[R_Carter]

Nah… your the undisbuted mathamatician!

EDIT: Looks provisionally like EU will not make 2612-2614 for a daily short… so covered the back end long at 2565-2555 as well aginst the middle.

[FringFX]

I’m not really trying to offend anyone but let’s just thinkg for a moment here.

I can give a perfect example of this. Take price action for eg. The long over extending price high or low called a pinochhio nose. Say if price rises or goes downwards a long distance but then closes much higher/lower which leaves a long trail known as a pinochio nose. This is a strong indication that price will go in the opposite direction. This is taught in price action. So if you see a pinocchio nose going downwards price is actually going upwards and vice versa.

Well is this really cast in stone? Is this a law?

no it is not cast in stone.
price action setups or indicators can generate a good ‘signal’ and yet fail in the end.

[FringFX]

Here is an example.

I’m now making a small long trade on usdchf. The 3 red lines are the entry, tp and sl. The white line is the current price lvl. I have circled the long pinchhio nose. Now this trade is still ongoing so i don’t know the outcome but still i feel worried. It might actually go past my sl line and i end up with a loss thereby proving the pinnochio nose rule wrong in price action whereby a long donwards or upwards line with a close far away from it will show price moving in the opposite direction

blue circle?
that is NOT a pinocchio nose/bar.
whoever told you so is misleading you.

lengthwise, it is not even long… just average.

[FringFX]

10.000 is just a prerequisite not a gauruntee. That’s what I read.

10,000 hours is not a prerequisite nor cast in stone. it is more of a gauge or milestone.