RE: Charts12 Jan 2023 20:18
TBH Dia, I've seen the sort of acerbic criticism leveled at people before for just mentioning charts or the use of TA. So I tend not to bother. It's a bit Marmite, shall we say. :) There is always negative types about. I'm probably one, elsewhere. lol You do get to that point when after years and years of waiting, nothing happends. Got to vent sometimes, I guess.
Anyhoo, yesterday was a bit odd, it dropped quite quickly below the trend line, around midday, and kept going until close.
I was focused elsewhere so only had half an eye on it at the time. I expected it to recover first thing this morning back up to the higher 1.50's - 1.60 and carry on it's slow decline. When I noticed it had dropped below 1.40 briefly I thought I'ld take advantage and it just so happens I'd taken profit from elsewhere so used some of that. Have always done well with getting any below 1.50 so why not. And I needed to get the average down a bit.
It's always good to get feedback from others as regards this kind of stuff. I've kind of made it work for me in my own way. More for timing of trades than anything else. So thanks for asking. :)