Yes .. your are correct .. but I would say it is not charts helps us to know whether construction is there or not .. it is the information from the sources. means for trading we can safely say as insider information etc...
If some one close to north korea govt and knows that north korea going to fire some test missile towards south ( it happened last year ) then he might have made millions in 20 minutes when nifty made flash dive and regained.)
any way would like end this debate with assumption that I Cant able to understand...
If some one close to north korea govt and knows that north korea going to fire some test missile towards south ( it happened last year ) then he might have made millions in 20 minutes when nifty made flash dive and regained.)
any way would like end this debate with assumption that I Cant able to understand...
No, the charts help me to determine where the construction areas are at before the trip starts. As a trader, the decision I have to make is do I want to continue on the trip in the middle of the construction or do I want to take the alternate route. The beauty of the charts is you can already see the construction.
Let's use Nifty in lieu of our little metaphor.
Tentatively, the trip north is scheduled to take off at circa WS1 at 4548. Scheduled destination if no further than 4938. There will also be major construction around 4850.
At 4850, if I was trading this market, I would make a decision, "Do I want to take the country scenic route heading east before I head north, or do I want to just jump out and not endure all that construction, then catch the next trip heading south at circa 4938?"
That's the tentative schedule. Sometimes, the road map will change as the trip continues. Trip adjustments have to be made as changes evolve. There are surprises, sight-seeing tours, and yes, even potholes in the road. The navigator of the trip makes the best money when he is able to navigate the best around the unexpected things the trip will bring.
Let's use Nifty in lieu of our little metaphor.
Tentatively, the trip north is scheduled to take off at circa WS1 at 4548. Scheduled destination if no further than 4938. There will also be major construction around 4850.
At 4850, if I was trading this market, I would make a decision, "Do I want to take the country scenic route heading east before I head north, or do I want to just jump out and not endure all that construction, then catch the next trip heading south at circa 4938?"
That's the tentative schedule. Sometimes, the road map will change as the trip continues. Trip adjustments have to be made as changes evolve. There are surprises, sight-seeing tours, and yes, even potholes in the road. The navigator of the trip makes the best money when he is able to navigate the best around the unexpected things the trip will bring.