Constructive Analysis
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Ok, I’ve put this chart together with some thoughts, that’s all they are, based on what i’m seeing. It’s a similar chart to what you’ve posted above but the price seems off slightly. I finished annotating and realised I didn’t really come to a conclusion. Basically, I think there was a lack of conviction to the downside after the sustained up move. Will be interesting to see how it unfolds today, will keep an eye on it!
Liam,
it seems that our analysis is about the same, as for coming to a conclusion, there is not much of a need for one unless you made a trade. As you know, analysis after the fact is nothing like trading in real-time. I appreciate you taking the time to annotate the chart, trading is maybe the most personal occupation an individual could attempt. I encourage other trading bloggers to constructively and respectfully comment on each others chart analysis (time permitting). I will steal Liam’s idea of using dropbox to annotate charts when I comment on some ones analysis. If it bothers you to have others commenting/analyzing your charts, please let them know.
I believe our blogs could be even more informative and productive if the conversation is geared towards helping each other identify the good trading conditions that have the higher probability of success. Success means different things for every trader, that topic alone can be a long on going conversation. My reason for starting Trin Café was to share my thoughts and ideas with others about trading, and to learn from them as well.
Thanks Liam for your comment
2012-07-27 15:14:53
Source: http://www.trincafe.com/2012/07/constructive-analysis.html
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