thx but just remember a lot of us have trouble giving daily
charts the patience to work and potentially hit a pattern
measurement and sit through the noise/wiggle room. Imagine the
patience required to trade a 50 year chart. To me the monthly
charts and patterns are interesting but you have then look at the
logistics and practicality of are you going to be able to sit
through and allow the pattern to play out. Also TA is not
perfect - we spot what looks like a triangle or bull flag, but then
that pattern fails or we have to redraw it. At least on a daily
chart that process happens quickly enough - whereas on a 50 year
chart - how long does it take to realize the pattern was wrong?
anyway don't stop sharing those, I'm just pointing out, trading
those grand patterns is not really practical
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thx but just remember a
{Big Picture} Fantastic long term 50 year chart of silver ...
Posted by matt on 8th of Feb 2020 at 11:20 am
thx but just remember a lot of us have trouble giving daily charts the patience to work and potentially hit a pattern measurement and sit through the noise/wiggle room. Imagine the patience required to trade a 50 year chart. To me the monthly charts and patterns are interesting but you have then look at the logistics and practicality of are you going to be able to sit through and allow the pattern to play out. Also TA is not perfect - we spot what looks like a triangle or bull flag, but then that pattern fails or we have to redraw it. At least on a daily chart that process happens quickly enough - whereas on a 50 year chart - how long does it take to realize the pattern was wrong?
anyway don't stop sharing those, I'm just pointing out, trading those grand patterns is not really practical