Date: April 11, 2017
>Chart patterns can be identified, but it cannot be used to predict. Chart patterns can be used as a guide to your trading system.
Usually, Technical Indicators and Analysis are used to form trading systems to suit the traders trading/investment style. The system is used simply to identify market entry and exit.
A system not only consist of technical indicators, it also involves money management, risks and discipline. It is important to have these elements in your trading system to make it work.
By having a trading system you can never go wrong, only the system can go wrong. So, it is important to create a system which follows the market, not predicting the market.
