Your welcome downsyd . And dont worry it confuses me to
All the lines and bingles etc
I just keep at it with pattern recognition etc
It is what charting is i guess . Entry exit to a pattern or signal . Each technical trader is different and use different settings indicators time frames etc which there are squillions of them once you begin adjusting them.
You could get any price and paint a good or bad outcome with them imo
Ive made a few adjustments to my charts but not by much and only with the trix which its supposed bias is picking bottoms of stocks . Its tripple smoothed average.
Lots of stocks wont fit anything i follow with it so i have be selective to an extent to narrow that down hence using scans to try do so . ie get repeating patterns to follow with similar characteristics , Its a percentage game to an extent that for sure .
Good fun though and interesting just like fundmentals .There is always something round the corner.
MRM Price at posting:
33.0¢ Sentiment: None Disclosure: Held