It has to be a "complete" picture, you'll always be more successful combining good basic sound TA with fundamentals, and perhaps not just those two, but also good old cunning, understanding the market is complicated, and will almost always take the less anticipated (by the crowd) road.
I'm sure most of you understand the basic structure of a trend, and yet most choose to ignore it in favor of: ohh the stoch's are about to turn, or, the MACD is diverging....
The only time I'm prepared to hold on to a trade medium term, is when i entered on a fast TF with a longer term view, and have limited exposure, or I'm at break even, hard thing to do, without the ability to identify rock solid levels, and, as the price will retest a level most of the time.
My hat's off to Razor for being able to hold on to long term trades, something i find almost impossible to do.
I'm sure most of you understand the basic structure of a trend, and yet most choose to ignore it in favor of: ohh the stoch's are about to turn, or, the MACD is diverging....
The only time I'm prepared to hold on to a trade medium term, is when i entered on a fast TF with a longer term view, and have limited exposure, or I'm at break even, hard thing to do, without the ability to identify rock solid levels, and, as the price will retest a level most of the time.
My hat's off to Razor for being able to hold on to long term trades, something i find almost impossible to do.
Biggest joker