Thanks Value Hunter for the fundie stuff . Im in thought i would...

Thanks Value Hunter for the fundie stuff .  Im in thought i would put up a chart show some thoughts on some techie stuff .  Trust me id like see some distance from my buy in price and maybe ummed arhh to long from its bottom . Wanted some exposure to energy sector and first ended up here as watchlist stock from september last year .

Shorts . Well i fence sit a bit with them but was reading about it the other day and a valid point is they can and do discover faults flaws etc with market pricing or how companies conduct themselves in the prevailing market conditions .  Mostly fundmental perhaps but im sure technical traders short also .They would be mad not to if inclined with provision to .

Anyway most of what im doing technical is with price action bias and swing back to trend in price from extremes perhaps .How reliable it is is still under consideration but i belive its not to bad with the simple parts of it . ie its not exacting but needs be back tested for reliability for being able profit from it .

I dont get live in the markets most times so sit with indicators in thought that they can be leading even if i dont exact the rules i still have to have sentiment factored in . ie if i took away the indicators i have a chart to look at and think what is is telling me ?

My dominent candle theroy thoughts are around this . If its dominent and does not break down from sideways action all good the chart is looking forward in price . Something that many could or do struggle with finding reasoning in charts as being only hindsight action . But there within seconds nowdays and participial to movements by computers .

Still need buyer or seller to implement price though !