Chart Patterns
- Thread starter ceasar73
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Yes.
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Not sure what you are asking
Chart patterns don't cause the price to move in a certain direction (unless everyone reads the chart the same..
)But they allow you to try and "stack the deck in your favour"
You still don't know which card you'll get though
Brad
Not sure what you are asking
Chart patterns don't cause the price to move in a certain direction (unless everyone reads the chart the same..
But they allow you to try and "stack the deck in your favour"
You still don't know which card you'll get though
Brad
"stack the deck in your favour" - this is what I was after...to this is a vote for chart patterns can be useful.
what do you mean by "You still don't know which card you'll get though"??
cheers,
ceasar73
MichaelD
Not fooled by randomness
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Ah what the heck, I feel argumentative today.
Wrong questions.
Correct questions:
Q1. Are chart patterns predictive of future price action?
A1. No, apart from a few very weak and tenuous associations (eg trends tend to persist slightly beyond random). For practical purposes, and not for armchair hindsight analysis, chart patterns are merely random numbers which we as humans interpret into what we think are meaningful patterns.
Q2. Can you trade profitably using chart patterns as part of your trading strategy?
A2. Absolutely. Just ask the 0.1% of posters here who are actually making money at the moment.
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This is the worst post i have ever seen in my life.
Ever
Unless you wanna put your money where your mouth is?
Im willing to bet you trade FA
That's why you have lost money in the last year
Not sure what you are asking
Chart patterns don't cause the price to move in a certain direction (unless everyone reads the chart the same..
But they allow you to try and "stack the deck in your favour"
You still don't know which card you'll get though
Brad
Love your work MD...do you use them?
cheers,
ceasar73
Trembling Hand
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Hope you didn't have too much on that bet. You just got stopped out
lmao, MichaelD is definately not a FA trader, I'd be surprised if he even knows what a balance sheet looks like
:. I think you probably misunderstood some of his post.
Trembling Hand
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I'd be surprised if he even knows what a balance sheet looks like
Hehe.
probably knows one balance sheet. his own
:My guess from following his random trends
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tech/a
No Ordinary Duck
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Hope you didn't have too much on that bet. You just got stopped out
Brad.
Michaels been around a long time.
He's no dumby and certainly no beginner.
You "could" learn a lot from him.
I agree in part with Michaels post but still think there is some refining.
Tonight when I have more time.
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Why doesn't anyone around here say what they think then
Why lie just to start an argument
And why give t/a such a bad rap when someone is asking a legitimate question
Trembling Hand
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Last one was a 4 hr chart
This one is a 5 min pattern chart --- same instrument ---- nice arent they
Yes Cartman but they don't actually predict anything do they?
thats the thing with charts. All the others (TA doubters) + many that are using them think they are a "predictive" tool but they are not. They use them as a way to stay in a trade.
Hopefully longer than you stay in your losers.
tend to agree with beam's here...
