The problem is everyone see's TA as prediction, it's not that at all. It's about taking a trade when the odds are strongly in you favour based on the psychology of the crowd that presents itself in the setup and structure of the chart and of course the fuel that drives it all, volume.
TA is about structure and how money moves amongst the buyers and sellers, nothing more or less.
I trade on a bar by bar basis that means that every day my outlook can change if i'm on the daily, every week if on the weekly, every 5 minutes if on a 5 minute chart. Its not about prediction it's about reacting to what the market presents you.
Cheers
mcp down, does mean today lyc up?, page-16
Add LYC (ASX) to my watchlist
 (20min delay)
|
|||||
|
Last
$7.14 |
Change
-0.200(2.72%) |
Mkt cap ! $6.673B | |||
| Open | High | Low | Value | Volume |
| $7.34 | $7.34 | $7.13 | $39.28M | 5.467M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 1546 | $7.13 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $7.15 | 72361 | 6 |
View Market Depth
| Last trade - 16.10pm 15/11/2024 (20 minute delay) ? |
| LYC (ASX) Chart |