UKOIL - Right Shoulders ?
The question is simple - what we see on the graph of the Brent oil?
The answer is simple - we see a change quotes, changes in the derivatives of the functions of the quotes - the indicators, we see invented and drawn by us trend lines and channels, invented and drawn by us figures of Paterns - Head and shoulders such as here.
You can draw a lot more - like a wave, "... finish 5-th in C" ... and so on.
The question is simple - what all it gives us, as all it helps to determine the future movement of the price function in time?
The answer is simple - nohow!
This answer is simple and complex at the same time, it is beautiful and terrible! After all, we hope and believe, and yet know that indicators follow the quotation, it is a second-order derivatives of the price function, the wave theory of Elliott - very controversial, because it does not give the same interpretation of the function movement for two different subjects using it, and therefore unscientific.
So, what about ...? Where goes the price ...? Who knows this ...?
What we can expect, "when we going out on the track, in front of the locomotive rapid quotes" flying forward?
At the will of the gods? On the resistance and support levels, so the same - they are, they will stop it, deployed, rotated to the right, reflect!
The answer is - no matter nohow, almost ...
ALMOST! This is a magical, almost miraculous!
What is it that controls the price and what we expect?
How to manage it ALMOST?
Manage The ALMOST, is simultaneously simple and complex.
Almost - it is the psychology of each individual and mass psychology folded together.
Almost a discipline and risk management, this is your Stop Loss and Take Profit.
Almost our common integrated view to the level of prices.
What's The measure of The Almost?
Parameters of the Almost is so much, we can be measured each individually, but it is very difficult to integrate the results.
Well, so - we simplify. What is important in the ALMOST? We take only important, and discard the rest, ... at least for now put aside.
Probability, math-expectations - these are the words that make the almost a reality.
The feelings of the Price movement for the masses who will buy and sell at the same time. Whom do more - sellers or buyers?
They are - equally. Their numbers is always the same.
Not equally, changes only the intensity, the intensity of purchases and sales.
And so at any given point of time, movement of quotes.
So this intensity considered in the time and determine the price movement.
A probability - will help us to identify where.
I will not be here to write a treatise, "On the principles of enhancing math expectations, increasing the likelihood of profitable trade ..." - they have a lot of it is written.
I'm not going to predict the future price movement - there are many, analysts, elliotschikis, trade-actcionschikis etc.
Let's just say, probably the price will go lower in this particular field.
And so - and probably I'll go out on the track and stand in front of the locomotive prices.
I go small by little, step by step. To make it not hurt, in case of failure!
And then, ...
Then, success and upgrading of the, or trimmed with light injuries, jumped off the rails!
Successful traiding and Happiness foe all!
MikleKey