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I would seriously question those figures. Where did you get them?

I'm not new to Tech Analysis (12 yrs) --- and when I see figures like this quoted to genuine newbie traders of course Ill query it.
Triangles at best are a 50/50 proposition.
Just have a look in "The encyclopedia of chart patterns".
The LHG trade I would question the formation of the traded triangle,to me its more a consolidation area---but as Technical analysis can be subjective----secondly you were trading against the immediate trend which would lower the chances of success.

WHY?

If your going to post analysis in demonstration you must be prepared to answer queries from both novice and experienced together.
Hell try running a fully disclosed trading system live on the nett for 4 years showing live trades for 4 yrs,the good the bad and the ugly,and see what sort of questions you need to answer.(Which I do).

There is nothing wrong with what you have posted.
I wouldnt trade it and I dont particularly like Guppy's CBL (In short term trading) due to the wide gap in most entries from entry to stop.I do like the use of pure price action.
I like the way you trade one stock (Or a few) as a strategy,you can develope some very good insights trading a few stocks.
I dont like ADX particularly your use as a confirmation in a trading range for the CBL entries in OXR. But thats me.

Ive done this long enough and tested zillions of trading Hypothesis (400 out of 1200 published Metastock trading systems once---how many do you think turned a profit?---ZERO didnt find one---but thats another story).and ideas to know that Technical analysis AT BEST supplies a "Possible" beginning and a "possible" end point.

Its use is very often incorrectly applied.(As a common example looking for over bought oscillator signals in a bull trend and V versa).

Its use is very often applied with no knowledge of success ratios,or and most importantly expectancy.Its simply blind application.

Coyotte Hotcopper full of could be's starting on their journey.

Keep posting your ideas,but dont get annoyed if and when I ask something---constructive.

<blockquote data-quote="tech/a" data-source="post: 77787" data-attributes="member: 257">I would seriously question those figures. Where did you get them?I&#039;m not new to Tech Analysis (12 yrs) --- and when I see figures like this quoted to genuine newbie traders of course Ill query it.Triangles at best are a 50/50 proposition.Just have a look in &quot;The encyclopedia of chart patterns&quot;.The LHG trade I would question the formation of the traded triangle,to me its more a consolidation area---but as Technical analysis can be subjective----secondly you were trading against the immediate trend which would lower the chances of success.WHY?If your going to post analysis in demonstration you must be prepared to answer queries from both novice and experienced together.Hell try running a fully disclosed trading system live on the nett for 4 years showing live trades for 4 yrs,the good the bad and the ugly,and see what sort of questions you need to answer.(Which I do).There is nothing wrong with what you have posted.I wouldnt trade it and I dont particularly like Guppy&#039;s CBL (In short term trading) due to the wide gap in most entries from entry to stop.I do like the use of pure price action.I like the way you trade one stock (Or a few) as a strategy,you can develope some very good insights trading a few stocks.I dont like ADX particularly your use as a confirmation in a trading range for the CBL entries in OXR. But thats me.Ive done this long enough and tested zillions of trading Hypothesis (400 out of 1200 published Metastock trading systems once---how many do you think turned a profit?---ZERO didnt find one---but thats another story).and ideas to know that Technical analysis AT BEST supplies a &quot;Possible&quot; beginning and a &quot;possible&quot; end point.Its use is very often incorrectly applied.(As a common example looking for over bought oscillator signals in a bull trend and V versa).Its use is very often applied with no knowledge of success ratios,or and most importantly expectancy.Its simply blind application.Coyotte Hotcopper full of could be&#039;s starting on their journey.Keep posting your ideas,but dont get annoyed if and when I ask something---constructive.</blockquote>

[QUOTE="tech/a, post: 77787, member: 257"] I would seriously question those figures. Where did you get them? I'm not new to Tech Analysis (12 yrs) --- and when I see figures like this quoted to genuine newbie traders of course Ill query it. Triangles at best are a 50/50 proposition. Just have a look in "The encyclopedia of chart patterns". The LHG trade I would question the formation of the traded triangle,to me its more a consolidation area---but as Technical analysis [B]can [/B] be subjective----secondly you were trading against the immediate trend which would lower the chances of success. WHY? If your going to post analysis in demonstration you must be prepared to answer queries from both novice and experienced together. [B]Hell[/B] try running a fully disclosed trading system live on the nett for 4 years showing live trades for 4 yrs,the good the bad and the ugly,and see what sort of questions you need to answer.(Which I do). There is nothing wrong with what you have posted. I wouldnt trade it and I dont particularly like Guppy's CBL (In short term trading) due to the wide gap in most entries from entry to stop.I do like the use of pure price action. I like the way you trade one stock (Or a few) as a strategy,you can develope some very good insights trading a few stocks. I dont like ADX particularly your use as a confirmation in a trading range for the CBL entries in OXR. But thats me. Ive done this long enough and tested zillions of trading Hypothesis (400 out of 1200 published Metastock trading systems once---how many do you think turned a profit?---ZERO didnt find one---but thats another story).and ideas to know that Technical analysis [B]AT BEST[/B] supplies a "Possible" beginning and a "possible" end point. Its use is very often incorrectly applied.(As a common example looking for over bought oscillator signals in a bull trend and V versa). Its use is very often applied with no knowledge of success ratios,or and most importantly expectancy.Its simply blind application. Coyotte Hotcopper full of could be's starting on their journey. Keep posting your ideas,but dont get annoyed if and when I ask something---constructive. [/QUOTE]

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