I have a very simple question here. I will like to know whats the harm in having a target so long as we cite proper stop losses and also issue a disclaimer to avoid any front-running etc. See, whats the point in saying that there is a descending triangle formation in case we dont say how much the stock
should take the bang. I believe the trading must not be persuasive and the language must be very precise and not appear to be anything which will sound like inciting you to trade. I have always maintained, such methods cannot make you very rich but at times they do prevent you from becoming very poor.
The reason I am saying this is that I am a leaner of this technique and as I dont have sufficient background in this so there should be some sort of a testing mechanism. So price levels have to be given at times. Also, I will take this opportunity to claerly say that I use technicals just to refine my entry points and exit points and nothing else. So, nothing should be interpreted as something which discounts fundamental analysis for thats the very backbone of this forum. The proposed thread should in no manner be an alternative to the main theme of this site.
Hope this request will be granted.....
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