البلاتيني قال:
With all my respect to ur points, but most of the simple rules are applied in all markets.
All what i'm saying that I want to share the knowledge with you
so we can get better improving in technical analysis.
Wish u the best dear in health and profits
Regards
السموحة شباب اني كاتب بالانجليزي لي انا اذا بكتب عربي بدلياتي مالها والي
Sharing knowledge is the key word here I don’t like arguments because It leads to know where.
First of all and take this advice from me when u trading technical patterns specially in KSE let go of the time rule
For example I entered a trade on KFC with a symmetrical Try to u it would not seems a sufficient triangle due to time rule but to me it is because most of the time I neglect time for patterns in KSE
Now I will provide u with a chart regarding KFC to see what am talking about :
The rules as john Murphy sees them here:
These are quotes from his book
" prices should break out in the direction of the prior trend "
" if prices remain within the triangle beyond the three-Quarters point the triangle will begin to lose its potency "
" the symmetrical triangle is usually a continuation pattern "
The Rules as Richard W.Schabacker sees them:
These are quotes from his book
" we realize immediately that the triangle is by no means is always indicative of a reversal in technical position, in fact the triangle appears more often as a continuation pattern than a reversal pattern "
I would assume non of these rules applied to the trade I enter don’t u think so so even u won't enter the trade of u are relaying on the exact rules.
And one more thing there is nothing at all in tech analysis world would let u be strict to a certain time to each pattern Welcome To the Matrix
Recommendation: Read this book " technical analysis and stock market Profits, Richard W.Schabacker
