hahaha...

It's the tone of the post that's so revealing...

Though I must readily admit that bare words alone can easily convey the impression of unintended unfriendliness.

It is not so much 'criticism' as comments of educational value, especially to newer 'players'... :)

(But your posts are clearly crticisms)... :)

Predicting future prices is not something I can do...

It is something for the professional analyst... :)


But I do understand that that is exactly what people love to hear (ie. price predictions)!

In any case, TA (with or without indicators) is just one of the many tools for traders to use.

While they may not be totally reliable, it is the best we have.

The important thing to remember is not to rely on "TA" as a fail-safe indicator of direction or future action. Taking immediate corrective action to avoid loss when TA 'fails' is more important (takes precedence) than making money.

In the post below, (Singaporegal) cautioned it may have been topping out when it was arount 2.70.

But it went on to rise and is coming close to 3.00 now.