Charts are tangible, objective and predictable! Test me!

Discussion in 'Trading' started by rajesheck, Jun 27, 2023.

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  1. BKR88

    BKR88

    ***First one is a giveaway because of the way I framed it.
    A.1.b.png A.2.b.png A.3.b.png
     
    Last edited: Jun 27, 2023
    #11     Jun 27, 2023
  2. I can't read two charts at a time though!
     
    #12     Jun 27, 2023
  3. speedo

    speedo

    No one can predict the future. What we can do is under defined technical conditions know what is more likely to happen. That along with a structured trade plan and the appropriate disciplines are all that's needed. The problem is most will fail to secure one or more of those conditional factors.
     
    #13     Jun 27, 2023
  4. First one is obviously sideways movement (attempting to bullish reversal may be but in that case highly volatile and dangerous to enter trade). Nothing can be predicted at this point.

    Second one is bullish trend formation. My prediction is it is about to attempt a bullish breakout which in my experience will succeed 100%

    Third one is a bullish formation. Then a sideways formation. Then a failed bullish breakout attempt. My prediction is it continues to be sideways.
     
    Last edited: Jun 27, 2023
    #14     Jun 27, 2023
  5. It is very simple fact that human behaviour is predictable. Chart represents collective behaviour of traders. So it is basically predictable.
     
    #15     Jun 27, 2023
  6. On an average it takes three minutes for me to read/predict a chart. It needs some disciplined training for that.
     
    #16     Jun 27, 2023
  7. rb7

    rb7

    Pretty useless info.
    Anyone can tell from a chart if it's bullish, bearish or sideways market.
    Devil is in the details, and it's with those that you will gain or lose money.

    The more you post, the more you show your ignorance on how to make money trading...
     
    #17     Jun 27, 2023
  8. speedo

    speedo

    It is predictable that there are people who will spend the day posting bullshit on ET :D
     
    #18     Jun 27, 2023
    longandshort, smallfil and MarkBrown like this.
  9. Here is the details...

    I am predicting based on second support/resistance breakout.
     
    #19     Jun 27, 2023
  10. BKR88

    BKR88

    A.1.png A.2.png A.3.png
     
    #20     Jun 27, 2023
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