Do you guys predict market? Does it help in increse in profit? Or you guys just follow overall trend and then jump on a trend?
I have tried predicting markets, and even though mostly I am right, still I say it is complete waste.
Because you cant predict market over a day or week, where most trading opportunities come. And predicting over a month or more doesnt really translate into trading profits well.
Going with the flow is better.
How does one know if the flow will last or not?
An ABCD formation on 5m tf is simply a single wave move in 15m tf…when do you get in and exit once u identified an uptrend after ABCD on 5m tf ?
That’s why people are loosing money because you are actually gambling instead of doing pure business
Technical analysis only shows what should happen , not what must happen and that’s where we lose money because the market simply doesn’t respect technicals . Period.
It’s more accurate on higher timeframes , but then everybody doesn’t have that much patience or satisfaction with less Returns