Hmmmm…
…what is…
…and what isn’t?
Is technical analysis 1.0.1 still valid?
Why has this question arisen?
What is it about shareware?
Basics never go away.
One always falls back to basics.
Having said that, basics can be made to appear a certain way.
Why?
So that a newbie recognizes a pattern and acts.
Does that render the shareware useless?
NO.
One learns how to use shareware.
Combining a basic candlestick pattern with volume and open interest, for example…
…renders the shareware back as useful.
However, we are now moving in the sphere of technical analysis 1.0.2+ .
Moral of the story?
Don’t believe what basic shareware is telling you as is.
Back up your observation with multiple factors.
Aligning combinations?
Sector behaviour?
Broader market?
Market rhythm?
Cycle?
Dometic sentiment?
International what have we-s?
Psychology at play?
Get a feel for the goings-on.
It’s ok to pay for market software and set it up with multiple edges, rather than use plain vanilla free- or shareware.
Why?
Edges…
…translate into money.
Even an alert is an edge.
20 alerts are 20 edges.
Freeware not allowing any alerts?
Well, rethink, Mr. Scrooge.
Spend on quality, to make multiples later.
Let’s get out of the freebie mentality…
…since we wish to strike it big with the markets.
Wishing all lucrative market play!
🙂