Quoting GeldmeisterDislikedMonarch, thx for your argument. But - maybe even just to play devil's advocat - what makes you so sure that the recent 9726 high is not the second double top and it's down from here?Ignored
I do know one thing is for sure, and I mean as sure you are reading this.
I have a 50% chance of being right.
In order for me to make any type of pre-conceived predictions it would be foolish. I have set guidelines for my Long Term trades, and I have other sets of rules for Short Term Trades.
I have already set in motion my Long Term Trading strategy, and it has been successful.
I know in a trending markets we will see "Ups and Downs," or "Waves," or "Peaks and Valleys." There are so many terms, and believe me I am a master of none.
I would say I trade by emotion, but I trying to curb it by restricting myself to guidelines.
"Borders", that would be a good word to use.
In between each border, or fence, there is space. You must find the borders of the market that your trading no matter if it's the 5Min, 15Min, Hour, Day, and trade in the confines of those borders that are set before you.
This is just one way to look at it. I use different platforms so I can hedge a market. Long term: I might be Long - Short Term: I might be Short.
This is just an example of being an active trader.
The Scripture says to "Study to shew thyself approved unto God" (hope using the Bible doesn't offend anyone here, but you did use the word "devil")
We must study to prove to ourselves that we are capable of being a succesful trader We must read, study, try many different strategies and techniquest to accomplish this goal we are all trying to accomplish.
Monarch