When price is in a range why do some people buy at the top? lol
- Thread starter propwarrior
- Start date
yes there is and maybe I will introduce more concepts slowly on this thread maybe not. I introduced the most basic of concepts in the OP which is essentially 'buy low sell high' quite a few people are failing to grasp that.
nobody said anything was easy. all I am saying is that everything else being equal it is better to buy low in a range than to buy high in a range (and vice versa for sells).
I think trump would call that fake news!
There’s over a dozen tradable trends in that chart.
However with no volume, nor other displays, it’s a limited view.
It’s kinda like driving across country without a map, fuel gauge nor odometer.
да иди нахуй дятел!how about that?
Yep! In fact, I see 19 potential entries.
At current price, there's a short but strong uptrend into an ascending triangle which should therefore become a continuation upwards. But this is more of a pattern trade than a trend-following trade. Its there but I wouldn't take it as doubtless there will be better opportunities at this minute on other charts.
As for the previous entry opportunities, they now count for nothing.
You are quoting basics "buy low sell high". Tell Warren Buffett, he should do that. There is much more to trading than price movement on a time interval chart. Change the time of each bar and see what happens.
Not saying you're wrong in principle but I just live for the day when I can go online on a traders' forum and DON'T hear the name Warren Buffet.