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Quant analytics: Should I enter on anticipation or wait for confirmation?

(Last Updated On: March 25, 2012)

Quant analytics: Should I enter on anticipation or wait for confirmation?

Most traders at some point runs into this question i.e., for entries should I wait for market to confirm that chart pattern is complete/SR has held the price etc (OR) should I enter on anticipation that pattern will be complete/SR will hold the price etc. Curious to hear your thoughts on this dilemma.

If interested, my thoughts on this are here…

 

Entry at anticipation is not a bad deal if entry point is also strong Support/Resistance point. No need to mention the advantages if anticipation works in favor. In case of opposite we will have opportunity to square off nearly at same value because price will again get pulled closer to SR point for a while before further moving in opposite of anticipation

 

NOTE I now post my TRADING ALERTS into my personal FACEBOOK ACCOUNT and TWITTER. Don't worry as I don't post stupid cat videos or what I eat!

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