DislikedHi guys and girls I read this passage in the book above. What do you think? Personally it goes to show that you shouldn't believe everything you read. Many traders and investors rely on charts to make their trading and investment timing decisions. Those little xs and os that the chartist uses are nothing but a record of yesterday.s events. They have absolutely no predictive value. All they show is that there may or may not be support or resistance at a given price level. No kidding. A chartist will say that a market has broken out if it goes through...Ignored
QuoteDislikedChapter 4: Hanging Out in the Present
Who cares about what happened yesterday? The markets are like the dice in a crap
game. They have no memory. Only we do. What happened in the past has no
known effect upon the market. But our memories are strong. We would like to
think that history matters. Then we can worry and speculate about the effects of
yesterdays events upon todays market.
Dear Surfer ...
You misunderstood the intent of this quote ....
Strat answered your question from the first article
QuoteDislikedTrying to guess trades is the best known way to blow an account.
WAIT until you SEE all the above happening.
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This book discusses the main problems presented by the book (Trading In The Zone) but briefly .
A.J
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There is Light at the End of the Tunnel.
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