costa's greek cousins friday, page-58

Gee some of the TA makes me laugh. Between Martis and just a handfull of others, you draw so many lines that you could all be right - TWICE.

Some are saying its a broadening formation, others it's symetry playing out, others reckon it needs to hit an MA that they've picked and that the entire XJO should hinge off.

I use TA but mainly to detect changes in momentum through channels. Some of the stuff being put forward though, is just unbelievable with so many slanted lines that the chart is bound to be correct no matter which way it goes. I also think people rely too much on Fib levels when IMO they should be used as converging support.

Redbacka's TA is about right IMO. Not overly complicated, just all the relevent stuff.