seems very hard to predict which pattern is forming.
Don't worry about that, it gets much more confusing as you go along. <gg>
TA is, essentially, voodoo. It is essential for short term trades, but it really is voodoo. Find an indicator that you like, (moving averages, MACD, stochastics, or whatever) and concentrate on learning as much as you can about that one. It's a little like tuning a car, you don't tweak the carb and the timing at the same time.
Then remember that there is some other guy out there whose chart says the opposite of yours, and he knows he's right too.
Most of all, remember that the chart isn't spending your money, you are, so YOU make the call, not the chart. If whatever you are doing is working, don't change it. The market will tell you when it's not working anymore. |
