.I'm a beloved favourite of the techies, a deer in the headlights, a favourite target for them when the short-term swings don't go my way, but most likely I'll be still here when they've gone away again, and nothing important has changed for the underlying long-term prospects of the businesses that I gladly hold when most others are hitting the kill switch
While I understand this is a general comment it is one I generally support---the first part anyway.
It is not my intention to make this ANOTHER T/A V F/A thread---rather an attempt to demystify Technical Analysis so that those who like to use/add or comment on have a better understanding of HOW /T/A should be approached---well in my opinion.
Those who do not have a sound working knowledge are frustrated and confused at much which is written both in text and on charts. Opportunists do their best to mystify Trading Using T/A even more in the hope that you'll spend $1000s to become one of the few (Their few) who are privileged enough the "know".
Are for precise predictions and clear buy sell points which can be acted upon profitably---which are known only to those who "know"
Anyone can make a comment technically after reading a few books/attending a seminar or purchasing a charting package.---Many do.
But what I see and many others see and comment on is the total ignorance to--
APPLICATION of ANALYSIS
Prolonged application with a profitable outcome long term.
Putting it all together--not once or this year but on EVERY TRADE in EVERY MARKET.
This you simply DONT see on this forum or to my knowledge any other. Unless of course you are a member of "The Chartists"---You follow Penfold or Subscribe to Todd Kruger or your name is PAV.
ITS NOT ABOUT BEING RIGHT.
Its about anticipation. Recognizing that the behavior exhibited by the participants in an instrument alert you to a pending OPPORTUNITY.
Its about understanding that the application of your analysis will place you in a position to benefit but MORE IMPORTANTLY it will place you in a positions that alerts you that your anticipation is simply WRONG
and you can rescue your hard earned from harms way to live to take advantage of the next opportunity.
You can be clear and clinically precise. No guess work --- no hope---no fear just Right--continue---wrong --Stop.
You have the opportunity to manage each and every trade---each and every component of your portfolio.
With the continued view of maximizing the performance of EVERY SINGLE $ you place in the market.
By Application of Technical Analysis.
So when you next see a technical view understand that the exponent may have NO IDEA how to apply his craft.
Look at the next chart and see if the application of the analysis spots opportunity.
How can you profit from it and
WHERE is it clearly wrong! Always look for Practical Application of the analysis.
There are no SECRETS
There is no need to invest $1000s-----just become an expert in BEING WRONG--This can be during a trade just as easily as at the beginning of a trade.
This---is where the MONEY IS!