Bendigo and some others i have to agree with you on many points. I have been charting for four years now and got interested in fibs, candles, stoch, support resistance, pitchforks, RSI, daily/monthly quarterly averages and even at one point charted against the lunar cycle.
I've now cut back on the detail in charts and look at trends and patterns with simple indicators. Doing this and trading less my profits have improved about 3 times.
There certainly is virtue in charting but too much of it can be misleading imho.
Take care
kman
Bendigo and some others i have to agree with you on many points....
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