Charting system - Trading / Investing

Using charts to enhance "trading/investing" or any other methodologies requires the understanding what the methodologies CAN DO and CANNOT DO. The weakness of the systems plus the strengths.

Any methodology will encounter a period of uncertainty when the trend hits a sideway range patch. While "trend investing" are either UP or DOWN directional positions. The sideway is a bit more tricky as this need speed if one wants to "scalp" the short term range.

The caution in the wind when any forecast or projection is put on the table, one need to understand that these are DIRECTIONAL TREND PROJECTION which can change abruptly making a swift trend reversal making the projections PREMATURELY INVALID.

The awareness and acceptance of this possible scenario only put US on the alert and flexible instead of rigid mindset.

IF there is one thing that I learnt in the past from the day I started using the charting technique, ANY NUMBERS in the FUTURE is just a wish and only TIME can tell if it will come to past or not (reality)

It is easier to "forecast" the levels provided the trend remains intact. But it is harder to forecast TIME when this will happen. Despite many different attempt to incorporate different technique including GANN to fix the TIME vs PRICE coordinates, this remains a challenge and illusive which is hard to repeat consistently the accuracy and reliability.

Yes,  i will have my sets of forecast numbers BUT I am aware and accept that these numbers are merely my GUESS for I can't even control WHEN reversal is going to happen.

The key is WHAT are you going to do when a REVERSAL happen suddenly.

 

Let market decide if the numbers will be confirmed. You are better off following a road map that is flexible and let you adjust to changes.         

More importantly ONE need to know and understand WHEN the results will be RED and what are the conditions that cause such results. What are the remedies. The market will outwit the system once awhile and it is our responsibility to ensure we are able to identify such situations.