I use trend lines in my work, and only take oscillators as a supportive evidence. I prefer to follow the classical approach of Edwards and Magee, and it has helped me a lot. I trade Nifty Options and after a lot of thought,I am venturing into day trading!! I have seen markets since 1986 and I think that I am ripe enough to venture into day trading. I have read Dr Alexander Elder, and have prepared myself for day trading, of course, reading Elder, does not give me a licence to be successful at day trading! but anyway, I think I am on a better platform than somebody who lost 90 percent!
The point of this new thread is that will trendlines and traditional TA work in daytrading? My answer is a big YES, because markets work the same way in any time frame, but I would love to have your views.
Regards,
sunil saranjame.
The point of this new thread is that will trendlines and traditional TA work in daytrading? My answer is a big YES, because markets work the same way in any time frame, but I would love to have your views.
Regards,
sunil saranjame.