I want to learn chart

#4
hello members ,charting tools are just like vahicle,but it does not gurantee safety and smooth moving,and literature on technical indicators is just like you are reading a book for how to fly aeroplane and you think that you are going to become expert poilet.......you need practice on your own with full risk of loosing your savings........if you are ready for this go ahed and good luck .......god help you one day
 
U

uasish

Guest
#5
If we go & sit on the sand in a sea shore we will find multiple waves are coming continuously from the sea & geting fizzled out near us in the sand.There are few big waves than the innumourous smaller ones.Now if we take few wooden sticks & fix on the sand where the last big wave maximum traversed inland no two sticks will be in the same line ; it would be either few feet towards us or towards the sea when compared with the last stick we digged.
We all know these waves are governed by the position of Moon & its attracting abilities,and Moon establishes Tide & Ebb.

In this mind set,if we look at the cluster of tickers (it may be candle or bar),we will find sometimes the tickers are going Up ,one a little bit higher than the preceeding one (like we experienced with our sticks at sea side) & vice versa for Down moves.There will also be some tickers nor going up or down.

In sea waves Moon decides Tide & Ebb,here in a chart we will have to devise a way to understand the Tide & Ebb (Trend) & not get swayed away......; like in sea side all those innumerable small insignificant waves where irrelevant,hence to identify & ignore which small or freak ones is vital for our understanding the major trend.

At tide if any of us who where on the sea shore must have seen all those roaring big waves ,just before the tide ,there will be some 'Build Up' phase,it also happens in chart.:)

Brother in this field of Technical Analysis as you get experienced,you will find many Scientific approach,Statistical tools are used (i myself do that) but basically this Wave like pattern is how a 'Price' moved 100 yrs ago & will move 100 yrs from now,with its Tide & Ebb.
We have to catch that Trend ,understand that trending phase early will make us rich.
 
Last edited by a moderator:

oilman5

Well-Known Member
#7
that is the only way to learn chart.........
then understand its repeatabilty
 

deb99891

Active Member
#8
If we go & sit on the sand in a sea shore we will find multiple waves are coming continuously from the sea & geting fizzled out near us in the sand.There are few big waves than the innumourous smaller ones.Now if we take few wooden sticks & fix on the sand where the last big wave maximum traversed inland no two sticks will be in the same line ; it would be either few feet towards us or towards the sea when compared with the last stick we digged.
We all know these waves are governed by the position of Moon & its attracting abilities,and Moon establishes Tide & Ebb.

In this mind set,if we look at the cluster of tickers (it may be candle or bar),we will find sometimes the tickers are going Up ,one a little bit higher than the preceeding one (like we experienced with our sticks at sea side) & vice versa for Down moves.There will also be some tickers nor going up or down.

In sea waves Moon decides Tide & Ebb,here in a chart we will have to devise a way to understand the Tide & Ebb (Trend) & not get swayed away......; like in sea side all those innumerable small insignificant waves where irrelevant,hence to identify & ignore which small or freak ones is vital for our understanding the major trend.

At tide if any of us who where on the sea shore must have seen all those roaring big waves ,just before the tide ,there will be some 'Build Up' phase,it also happens in chart.:)

Brother in this field of Technical Analysis as you get experienced,you will find many Scientific approach,Statistical tools are used (i myself do that) but basically this Wave like pattern is how a 'Price' moved 100 yrs ago & will move 100 yrs from now,with its Tide & Ebb.
We have to catch that Trend ,understand that trending phase early will make us rich.
WOW
never heard before this easy explanation....
may be asish da can even explain rocket science this way:)
 

Similar threads