RE: Ascending Triangle18 Nov 2021 12:29
DrAim, you`re wasting your time mate, every time I, or anyone else, posts a TA observation on any share there`s always one who has to pipe up with their sarcastic remarks. And guess what...its always someone who knows zero about charting, funny that.
I wonder what they think every time there`s a financial story in any part of the world there`s always streams of screens with charts on in the TV reports???
I always like to use the analogy of a load of kids playing football in a park and there`s always one, or two, that know they have every chance of embarressing themselves because they are useless, and when asked why they don`t join in they say...`because its a stupid game`!
They`re insecure about charting because they don`t understand the first thing about it, so they hit out with juvenile insults and sarcasm to make themselves feel superior, not realising that they`re really just making themselves look foolish....considering that 100s of millions of traders and proffessional investors and hedge funds etc worldwide rely on TA.
Its not worth getting in a spat with them because their ignorance knows no bounds when it comes to charts.
I`ve now made hundreds of successful decisions using charts in my trading and investing life, but they would just say they don`t believe it.
I`ve spent two decades being a student of charting, and lost count of the amount of times its helped me make the right decisions at the right time, buying AND selling, so its nice to just sit back and be smug about having an advantage over the naysayers.
Luckily I can incorporate both types of analysis in my decisions these days....Fundamentals for the why, and Technicals for the when!
Its all in the timing.