The big issue with technical analysis.
In this video I give a few minutes of preview before discussing what I see on this weekly time frame. Bear with me as you'll see where I'm heading.
In the second half of the video I show how I estimate the big probability from the weekly time frame. I'm not interested in being right in this. That's not what I want to get across.
Whilst technical analysis is a useful 'tool', I assert that there is a bigger issue of individual psychology in the background that is hardly ever spoken about.
Loads of new traders especially, will spend a disproportionate amount of time on indicators and fail. They're missing where the big issues are, and it's nothing to do with charts or technical analysis.
So, I'm saying that all new traders really need to dig deeper. Yes - learn about technical indicators, but focus on the unseen i.e. biases, emotions, justifications, coping with loss etc.
I'd be delighted if other traders out there can share their experiences (good or bad ones). Come on be brave!
In the second half of the video I show how I estimate the big probability from the weekly time frame. I'm not interested in being right in this. That's not what I want to get across.
Whilst technical analysis is a useful 'tool', I assert that there is a bigger issue of individual psychology in the background that is hardly ever spoken about.
Loads of new traders especially, will spend a disproportionate amount of time on indicators and fail. They're missing where the big issues are, and it's nothing to do with charts or technical analysis.
So, I'm saying that all new traders really need to dig deeper. Yes - learn about technical indicators, but focus on the unseen i.e. biases, emotions, justifications, coping with loss etc.
I'd be delighted if other traders out there can share their experiences (good or bad ones). Come on be brave!
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