All the traders watch the same movie. (Linda Raschke)
But some knows and sees (and, why not?, feels) something more than the others.
Why? How is that?
Only a 5%?
Why this percentage is so dramatic?
This is Friday's DAX m1.
That is not Gann's Angle.
They are “normal” Trend Lines.
I don't use “Diagonal TL” very often during my trading.
Sometimes Dynamic S/R are too “subjective” for my taste.
But when I do my analysis on charts, they can easily explain and justify some phenomena.
Everything we need to be successful are on charts... Price is the King.
Only that we don't know how to see it.
Steve Nison talks of our mind as “The Drunken Monkey jumping from branch to branch”.
Bill Williams (I'm not sponsoring the man, but his work is great and correct with clear "roots" in the past!) says:
- Our basic assumption is that...
no one (not the amateur, professional, institutional, computer jocks, the technoids, you, or I) trade the market!
We all trade our personal belief systems.
- ...we can align our personal underlying structure with the underlying structure of the market
and winning become effortless as we follow both... our own and market's path of least resistance.
My point? What I want to communicate?
The good, old recipe: Defeat Ego! Put Your Ego Aside... Study, study, and study again! Rules, discipline, patience!
2