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Just a reminder: tech analysis is a science, forecasting is not.
I support it!
I have already written that analysis is high mathematics..., not arithmetic... Otherwise, what science is it ?
But in most cases, the forecast is a squeeze from ANALYSIS ! All - both analysis and forecast - are one and the same thing....
Although I realise that some traders may have different views....
Seconded!
I have already written that forecasting is high maths..., not arithmetic... Otherwise, what kind of SCIENCE is it ?
But in most cases, the forecast is a squeeze from ANALYSIS ! All - both analysis and forecast - are the same thing....
Although I realise that all traders may not have the same....
Yes, that's right, moreover, if someone makes technical analysis on pairs as "a multi-part series in cinema", then a single post there can look like a typical forecast.
Yes, that's right, especially since if someone is doing tech analysis on pairs as a "multi-part film series", then an individual post there can look like a typical prediction.
You have correctly defined analysis and forecasting as a multi-part film series... because analysis and forecasting NEVER ends!
It is the BASE of a trader's activity! Without it, no trader will make a profit!
I support it!
I have already written that analysis is high mathematics..., not arithmetic... Otherwise, what science is it ?
But in most cases, the forecast is a squeeze from ANALYSIS ! All - both analysis and forecast - are one and the same thing....
Although I realise that some traders may have different views....
I don't quite know what you mean, explain it well.
Yes... up until now, except for the 9-year pit since 2011, gold has never fallen below $500 from its high, even if the drop lasted weeks and months. Today it's down $750 in a day, roughly speaking, and it's down $900 from yesterday's high.
fall or rise is measured in %. Not money.