Recent content by tradingbiscuit

Well you said it yourself you should have an idea of where the price is going to go. Also what do you mean then by exploiting the unexpected price change. How do you do that.

Ok assuming i can use risk management, how do i get an idea of where the price is headed. How can people predict where the price is going to stop. Yes, risk management is necessary but I dont want to rely just on Risk management in making money.

You know what I mean when I say worked and supposed to work. Of course there are other factors involved in trading, thats why they only work 2/3 of the time. If there were no other factors the chances would be higher. If I say patterns work 2/3 of the time which sounds about right your logic...

Ive seen you suggest Hall of fame list in you previous post somewhere. I checked it out but it doesnt really solve the issue for me. Within TA i mainly use S&A and candlesticks. I can draw good s&r lines but I struggle in understanding how far the price is going to go up or down, above the...

Its not an observation. I read the fact in the book which took data from over 10,000 different days that most candlesticks only work 2/3 of the time as they should do. And I dont find that hard to believe.

Well first of all this is not a TA bashing thread. Second of all, I dont want to trade fundamentally as i want to trade as a short term trader. Thirdly, the reason i made this thread is to share my experience of trading with technical analysis and why it hasnt worked for me so far. Obviously...

10 trades or 1000 trades. If you dont know the technique behind it you wont accomplish anything. Some traders have been trading for 10+ years but still arent very good at it.

Ok. A stupid question but you're saying buy at support levels in an uptrend. How do i know that the support level isnt gonna act as the resistance level since it probably would've acted as that in the past and has the potential for that, so when buying at the 'support' what if the price rebounds...

I've been learning to trade stocks for a while now and so far on all my trades (about 10) I've either made a loss or a very small profit. At first I just didn't have enough knowledge but even by studying extensively my trades have failed recently. For me technical analysis seems useless now...