It is very important that as a trader one do not make decisions based on past experiences or past trading patterns and same can be called as false parallels. To make it simple we will say that false parallel is the instinct where we feel that because the market behaved one way in 1990, 1995, 2000, or 2008 or as a matter of fact few months before in 2011 does not mean a similar pattern today will give you the same result.
One can amplify the same with Hindenburg Omen which is a technical analysis pattern that is said to portend a stock market crash. The problem: Sometimes it is right, sometimes not. You don’t want to bet your life savings on a coin flip.
Thus it makes sense to follow best technical analyst in India and make money like professionals while undertaking the day trading or for short term delivery stocks as gone are the days when you used to get married to the stocks as market is dynamic by virtue of global cues.
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