Discussion in 'Shares' started by Tropo, 15th Jan, 2008.
Tate on Trading - A New Year's Resolution.
And some believe Technical analysis is a load of '.....'. Almost all the information you need is in the chart price...
People don’t want to learn how to trade.
They want to be told what to do...
a trader would have seen the clear double top on that chart and exited and even shorted his position... charting in this case would have yeilded you a nice profit..
when you get a double top, there is a 70% chance the stock will fall!
Do you know what happens if double top breaks up ?
It goes up (breakout) or down (false breakout), very rarely sideways
you wouldn't trade it unless it forms a M and breaks the middle leg.
Do not forget about 'forms' (shapes) such as: 'U','W','V'...
Some do not need to wait untill 'M' breaks the middle leg (as you said).
It's all about signal given by the system at the right time.
W would be double bottom?
Oh I got a double M and better trade asap and then POQ so I keep my SANF. I am getting a headache!!!
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