If the first point about risk management is rather transparent, but is not so simple. In practice, a recognizable form of the familiar chart pattern has almost nothing. Famous "Head-Shoulders, all sorts of" triangles "in addition brought they arrived, already known and their opposites, apparently from them almost indistinguishable, but the foreboding opposite movement of the market. Therefore, the "Head-Shoulders" has called, for example, "Kukishev", an annoying feature degenerate into a shape to continue the trend - Pennant. With the "rebound" spikes and also not all things are pure, they are now and then reborn in the "dead cat bounce", which is dying on the fly (in the case of bovine model) and falls down, and not clinging to cherished goal-node. As a trader comes to practice understanding of the differences of these figures and how much sooner this understanding will come, depends the fate of the deposit. And it all as it turns out, not in the form of a graph.
Then everything would have been too simple. In practice, the outcome is determined ratio - the ratio of segments of motion and their duration. On strict compliance with the proportions of "mixed" is not a market theory, which has brought a dizzying success of its creator. Take the same mysterious Hannah (William Delbert Gann), who was third in the U.S. iron plane.
Actually, at that time, the U.S., there were only three. The career statistics of its transactions is that some sources have been profitable already (!) 97%. It is known that his theory was based on numerology, but the key points he kept secret and only told his disciples. In this man's life was very much associated with magic numbers, and counted it not only market movement, but the key dates of his own life. Date of death, in particular. He died at the age of 77 years, and bequeathed to his disciples to burn the memoirs and notes. Mystery of the effective proportion of market behavior has sunk with it. But the fact that success is determined by the proportions of the trade, it remains indisputable. One attempt to bring the market chaos to the common denominator is the use of different graphic techniques based on Fibonacci numbers. However, in some cases, the method does not produce the expected results. While there is no single prescription, allowing a strike it is the sense of proper proportion, so that skill remains the lot of those long-term engaged in stock trading at a professional level. Such an approach provides an unconscious habit, and produces a moment of intuitive apprehension.
Then everything would have been too simple. In practice, the outcome is determined ratio - the ratio of segments of motion and their duration. On strict compliance with the proportions of "mixed" is not a market theory, which has brought a dizzying success of its creator. Take the same mysterious Hannah (William Delbert Gann), who was third in the U.S. iron plane.
Actually, at that time, the U.S., there were only three. The career statistics of its transactions is that some sources have been profitable already (!) 97%. It is known that his theory was based on numerology, but the key points he kept secret and only told his disciples. In this man's life was very much associated with magic numbers, and counted it not only market movement, but the key dates of his own life. Date of death, in particular. He died at the age of 77 years, and bequeathed to his disciples to burn the memoirs and notes. Mystery of the effective proportion of market behavior has sunk with it. But the fact that success is determined by the proportions of the trade, it remains indisputable. One attempt to bring the market chaos to the common denominator is the use of different graphic techniques based on Fibonacci numbers. However, in some cases, the method does not produce the expected results. While there is no single prescription, allowing a strike it is the sense of proper proportion, so that skill remains the lot of those long-term engaged in stock trading at a professional level. Such an approach provides an unconscious habit, and produces a moment of intuitive apprehension.
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