Find The Pattern Using Better Trades - Have Serious Efforts To Create Some Predictability!
I am a chartist and a technical trader. I think that the very first line of analysis would be to discover patterns. Line drawing and straight line analysis is the standard.
It has been and continues to become the base line tool. Moving averages and range bands are more current developments and therefore are observatory.
Straight line charting has modeled and been used to define patterns and set targets for an awfully long time, and I think that you simply cannot throw a pile of lumber of a cliff and have it land within the shape of a house. If it looks like home, an individual has been manipulating the lumber.
If you're in need of financial aid, or thinking about using a bankruptcy service to help keep you afloat, and are involved in stock market trading, read on or get in touch with an investment expert. Developing a brand new business restructuring plan or company restructure strategy isn't an easy thing to handle on your own.
Within our Trader Talk Live sessions we chronicled this as it happened and had opportunities to trade the numerous stocks that were doing specific dance steps.
This morning we are right at our predicted target. We moved there in the very first hour and stopped. It has been an hour and it's still there.
Gosh, do you think that maybe the traders already knew that 1995-2000 was the limit of the existing pattern and that many traders would be incredibly prepared and willing to take profits here at an obvious pivot point? Now will they? I'm not sure.
I'm not on the floor. But I do not have to be there to see the targets. Once they get there, there will be a struggle to test the waters. If the purchasing frenzy won't give way to some shorting or profit taking there could be a test above the mark to see who wants to play.
At any rate the pattern speaks volumes to the idea that in the midst of what might seem like randomness there seems to be a guiding hand. Look folks, there is an excessive amount of money on the line not to have serious efforts to create a certain amount of predictability.
Most all indicators, averages, and so on., are following and at best interesting after the fact. Some are predictive and extremely accurate in reflecting activity, but Pattern Analysis of the price action along with targeting the next likely TEST of the market sentiment may be the closest and most accurate way to get close to the game.
The masses take their cue following the test and subsequent direction has begun and your participation in the end might be required to move the stock or market on toward the testing point.
While I do use very few indicators (MACD, WRSI, Stochs) they're consultants and are never ever the reason I trade. The actual movement across a trigger price, whether it agrees with the indicators or not, determines the trade.
Now the indicators I use are highly accurate but guess what folks, they're never ever as accurate as the price.
However, there's one tool I insist on trading with and that's Candle Sticks. It is not an indicator; it's my hidden camera in the competition's board room. But that discussion is for a different day.
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