I would hope that the readers with little experience in TA would not just take a technical indication at face value, but would devote some study into the various parameters that can be used to qualify the technical indication, which should lead to improved performance.
Not customized, but just price movement that indicates the probable success or failure of the technical indication in question.
New to those experienced in TA, no. But just as it was new to the guy in Starbucks,. I hoped that just explaining that such parameters exist and can improve performance if applied would be informative to those with little experience in TA
The parameters that one discovers or learns must, of course, be those that have an effect on supply and demand and the success of the technical indication in question in the vast majority of cases. So the trader would be using parameters that are based on computed probability, and in addition to his knowledge of price movement in general which in some cases can be subjective by judging if you have too much of this or too little of that.
Sorry, maybe I was not clear when using the words technical indications. I'm not referring to indicators such as RSI, MACD etc. I never use indicators.
There seems to be so many who have acquired a so-so knowledge of TA. But they do not take into consideration the various parameters that can help determine the probability of the pattern or other technical indication working or failing, and focus only on the pattern etc.
Yeah, you're right. Shouldn't have started the thread. Been away from English so long that nothing I say makes sense anymore. Will ask Baron to delete the thread, and swear never to start a thread again!
