pkon -- don't know what triangles in particular you're referring
to, but there may have been triangles in shorter time-frames.
And sometimes triangles don't break either way and just morph into
more extended triangles, or into nothing................the markets
are a sort of living thing, not mechanical, and the patterns and
trendlines are always fluid and changing and sometimes they play
out and sometimes they don't. You are always playing the
odds. The ODDS are that this or that will happen.
Nothing more. Watch those triangles enough, and you may get a
feeling for how the market moves
If it was easy to trade,
everyone would trade and be rich.
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pkon -- don't know what
direction
Posted by Michael on 30th of Jan 2009 at 11:37 am
pkon -- don't know what triangles in particular you're referring to, but there may have been triangles in shorter time-frames. And sometimes triangles don't break either way and just morph into more extended triangles, or into nothing................the markets are a sort of living thing, not mechanical, and the patterns and trendlines are always fluid and changing and sometimes they play out and sometimes they don't. You are always playing the odds. The ODDS are that this or that will happen. Nothing more. Watch those triangles enough, and you may get a feeling for how the market moves If it was easy to trade, everyone would trade and be rich.