Hi Guys,
I just want to ask a couple of questions, if anyone can help.
Im writing my research proposal/dissertation at the moment on speculative trading. Im completely new to this and have very limited knowledge of trading at the moment. Reason why I decided to do dissertation on this topic is that I want to learn something useful during this research time.
My topic is speculative trading (intraday) or only short term trading on WTI crude oil . There is a lot of literature out there that im currently going through an it is kind of confusing to me.
I want to do research on technical analysis comparing 2 different methods ( of technical analysis) that can be used for intraday trading. Now this is the problem that I have. I do not know which is mostly used or suitable for intraday trading of commodities.
In literature, it suggests that the most useful to use in commodities is Head-and-Shoulders formations,Rounding Tops and Bottoms, and basic trendlines and they do not recommend using Triangles, Rectangles, Flags as apparently they are far less reliable for commodities.
So what I would like to ask is, do you think it is a reasonable idea to compare Head-and-Shoulders formations, Rounding Tops and Bottoms, and basic trendlines when daytrading. If one or another gives better indications of what is happening in the market and therefore going long and short. If they contradict each other etc.....
And if so do you guys only use one of the techniques or combinations of those. Again literature states that some traders use solely only one form of technical analysis but others use combination of 2.
Please what is your opinion?
Thank you
I just want to ask a couple of questions, if anyone can help.
Im writing my research proposal/dissertation at the moment on speculative trading. Im completely new to this and have very limited knowledge of trading at the moment. Reason why I decided to do dissertation on this topic is that I want to learn something useful during this research time.
My topic is speculative trading (intraday) or only short term trading on WTI crude oil . There is a lot of literature out there that im currently going through an it is kind of confusing to me.
I want to do research on technical analysis comparing 2 different methods ( of technical analysis) that can be used for intraday trading. Now this is the problem that I have. I do not know which is mostly used or suitable for intraday trading of commodities.
In literature, it suggests that the most useful to use in commodities is Head-and-Shoulders formations,Rounding Tops and Bottoms, and basic trendlines and they do not recommend using Triangles, Rectangles, Flags as apparently they are far less reliable for commodities.
So what I would like to ask is, do you think it is a reasonable idea to compare Head-and-Shoulders formations, Rounding Tops and Bottoms, and basic trendlines when daytrading. If one or another gives better indications of what is happening in the market and therefore going long and short. If they contradict each other etc.....
And if so do you guys only use one of the techniques or combinations of those. Again literature states that some traders use solely only one form of technical analysis but others use combination of 2.
Please what is your opinion?
Thank you
