If you want to fail as a trader, study TA

Discussion in 'Psychology' started by The Expert, Apr 27, 2010.

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  1. The triangle also has the potential to disapear and turn into a sideways range...
     
    #1431     Jul 18, 2010
  2. blox87

    blox87 Guest

    FA ,

    I have also noticed that sometimes with triangles it just turns into a sideways range which sucks but I guess no pattern works 100% of the time. Pinbars don't always turn out the way I would like them too either but it's nice to know they work the majority of the time.
     
    #1432     Jul 18, 2010
  3. charts

    charts

    The chart in discussion mixes RTH with pre-market ... :)
     
    #1433     Jul 18, 2010
  4. IchibomB

    IchibomB

    Trade on the break Set your stop, keep it simple. A little consolidation never hurt anybody.
     
    #1434     Jul 18, 2010
  5. IchibomB

    IchibomB

    this 5 minute chart...it's going somewhere and if you SEE it, you will trade it. Hahaaaaa


















    It's really not funny, I know.
     
    #1435     Jul 18, 2010
  6. Blox, that said, an equal lower high could also be quite a powerfull bear signal... GL with the trade...
     
    #1436     Jul 18, 2010
  7. TA means trading attitude.
    Make GOOD money by using TIME and THINKING for ourselves!
     
    #1437     Jul 18, 2010
  8. Been playing with indicators this afternoon, I CAN THINK OF BETTER WAYS OF SPENDING A SUNDAY AFTERNOON!!

    Look, I know there are certain posters on this thread who can't abide any form of indicator, but to me this could be a great leading indication of a change in direction or at least an indication of when to take profits if you happen to be long.

    Of course, it's just an indication and you would need to use it in conjunction with levels and PA. Thoughts please guys...
     
    #1438     Jul 18, 2010
  9. charts

    charts

    Dry-up volume ... pennants ... :)
     
    #1439     Jul 18, 2010
  10. charts

    charts

    ... :)
     
    #1440     Jul 18, 2010
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