The TA's, in general, are never wrong.
Also, my personal TA's are never wrong. (Get my point here.) In trying to find the reversal for this market, I have been wrong, but that is not my TA's fault.It is mine in not interpreting them correctly. The main point concerning the interpretation is the 4-hour and the OB condition, and the daily and the break of the top of the cloud.
In lieu of that, and in consideration of the knowledge of how imminent the reversal still is, I got caught paddling against the stream because of what the daily is currently doing.
OTOH, my analysis will be good, for the most part, but let me put a spin on that. I'm going to be wrong more than most, because I give my analysis before the event, which is live. I do it more often than most, and so I have more chances to be wrong. Here in the US, baseball is one of our more popular sports (It's my favorite.). There was a pticher, Cy Young, who had the record for the most wins of 511. He also has the record for most losses at 313. This is because he had more chances, but he is still in the Hall of Fame.
TE=msrajendran;536626]the technicals are never wrong. thanks 4x sir ..............
Also, my personal TA's are never wrong. (Get my point here.) In trying to find the reversal for this market, I have been wrong, but that is not my TA's fault.It is mine in not interpreting them correctly. The main point concerning the interpretation is the 4-hour and the OB condition, and the daily and the break of the top of the cloud.
In lieu of that, and in consideration of the knowledge of how imminent the reversal still is, I got caught paddling against the stream because of what the daily is currently doing.
OTOH, my analysis will be good, for the most part, but let me put a spin on that. I'm going to be wrong more than most, because I give my analysis before the event, which is live. I do it more often than most, and so I have more chances to be wrong. Here in the US, baseball is one of our more popular sports (It's my favorite.). There was a pticher, Cy Young, who had the record for the most wins of 511. He also has the record for most losses at 313. This is because he had more chances, but he is still in the Hall of Fame.
TE=msrajendran;536626]the technicals are never wrong. thanks 4x sir ..............
what i also noted, if we trade 4 hour chart,normally this time frame gives 9 out of 10 winning,subject to 1% stop loss,one will triger ,nine will not,one will adjust with one,assuming all trade of equal value,and eight will be the net profit !!!!