Charts are tangible, objective and predictable! Test me!
- Thread starter rajesheck
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I can't read two charts at a time though!
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.
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.
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It is very simple fact that human behaviour is predictable. Chart represents collective behaviour of traders. So it is basically predictable.
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...
It is predictable that there are people who will spend the day posting bullshit on ET
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