Energy Scalper -->Pure Price Action
- Thread starter RADDISHSTONE
- Start date
- Tags crude crude oil natural gas scalper scalping
Another lesson:
Is patterns will work in Stock market????
You already know what is patterns. ex: head &shoulder, double&triple bottom top, cup saucer etc..
Is this really work?? My answer No, No No
Only 50% chances to work or not work like coin flip. But still we r following from experts books and authors.
some analysts say.. pattern formed in daily chart, hourly chart, weekly.. so u buy or short. If it works we can daily find 6-10 in any time frame from all stocks.
for ex: crude will move based on global price. Global futures run 24 hours. Our MCX run 13 or 13 hours. So where u draw pattern??
And coming to data, what u r getting data from providers is not correct. There is some more transactions which data providers servers not catching. (Except near day high &day low). So how can u belive ur data which using for TA.
Again this is also trap techniques to attract innocent traders.
Actually im not good writer & i dont know English very well. Please understand my point what im trying to say.
If you agree with my point please click on thanks button. Just want to know how many people are agree with my points. Discussion most welcome. But my final answer patterns will not work. no arguments from me. Learned this from my exp.
Is patterns will work in Stock market????
You already know what is patterns. ex: head &shoulder, double&triple bottom top, cup saucer etc..
Is this really work?? My answer No, No No
Only 50% chances to work or not work like coin flip. But still we r following from experts books and authors.
some analysts say.. pattern formed in daily chart, hourly chart, weekly.. so u buy or short. If it works we can daily find 6-10 in any time frame from all stocks.
for ex: crude will move based on global price. Global futures run 24 hours. Our MCX run 13 or 13 hours. So where u draw pattern??
And coming to data, what u r getting data from providers is not correct. There is some more transactions which data providers servers not catching. (Except near day high &day low). So how can u belive ur data which using for TA.
Again this is also trap techniques to attract innocent traders.
Actually im not good writer & i dont know English very well. Please understand my point what im trying to say.
If you agree with my point please click on thanks button. Just want to know how many people are agree with my points. Discussion most welcome. But my final answer patterns will not work. no arguments from me. Learned this from my exp.
Please give us some basic rules on SL and Targets to follow, as per your trading style/method. So that we will try to follow your trades by avoiding unforeseen market movements. We can understand the difficulty in passing live trades. But without SL , it may hurt our accounts.
Requesting you to brief on SL n Target rules, instead of waiting for 30 minutes to one hour for SL/Target updates. Hope you understand.
Requesting you to brief on SL n Target rules, instead of waiting for 30 minutes to one hour for SL/Target updates. Hope you understand.
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