Hi everyone,
I was doing some simple technical analysis on one of the markets I am currently watching and posted it on another bulletin board I frequent.
I was a little dismayed to get the response from a senior member: "Most people don't know how to draw lines on a chart - you are one of them".
I've been studying charts and actively trading for over two years so it worries me to be told that I am not drawing my lines right.
Of course I have asked the trader in person but while I wait for a response I thought I would put it to this forum.
I know Technical Analysis is an art and that it is therefore subjective but now I am wondering if there is indeed something wrong with my charts.
So I have posted my charts (following post) and two clean ones (this post).
Would anyone be so kind as to either draw their own lines on either or both of the clean charts to show me how they would analyse this market or tell me where I am going wrong on mine?
Thanks,
Tom
I was doing some simple technical analysis on one of the markets I am currently watching and posted it on another bulletin board I frequent.
I was a little dismayed to get the response from a senior member: "Most people don't know how to draw lines on a chart - you are one of them".
I've been studying charts and actively trading for over two years so it worries me to be told that I am not drawing my lines right.
Of course I have asked the trader in person but while I wait for a response I thought I would put it to this forum.
I know Technical Analysis is an art and that it is therefore subjective but now I am wondering if there is indeed something wrong with my charts.
So I have posted my charts (following post) and two clean ones (this post).
Would anyone be so kind as to either draw their own lines on either or both of the clean charts to show me how they would analyse this market or tell me where I am going wrong on mine?
Thanks,
Tom