.....a million dollar quesion is....is it possible....can someone trade index purely by looking at charts, without knowing any approaching event or macros etc......answer, i'm afraid....is yes.....that's the essence of technical trading
knowledge of events etc influences and disturbs a technical trader....thus helping operators trap him......
just because greece results are expected.....or just because budget is coming....or just because crude dollar etc etc.....should a deft technical trader ignore the shouting analyses of charts? isn't chart a result of the market situation created by and with the permission of operators? don't operators know where they want to take the market? don't they have even the faintest of clues about what is going to happen? so, therefore, aren't the charts and technicals already reflecting everything?
this reminds me of a beautiful quotation....."how old would you be if you didn't know how old you are".....in trading context i would translate it as "how would you (the technical chartist trader) trade if you didn't know what event is going to be"
fear, lack of confidence, greed, emotions, overconfidence etc......paralyse a technical trader........all night he sees a bull in dreams and what does he do first thing in the morning.....a bear hug!!!
the true effectiveness and efficiency of the poor technical trader's method and skill and training never gets a chance to be revealed!!! nodoubt, he always remains struggling....and one day....thinking that trading is not for him, he quits!!!
knowledge of events etc influences and disturbs a technical trader....thus helping operators trap him......
just because greece results are expected.....or just because budget is coming....or just because crude dollar etc etc.....should a deft technical trader ignore the shouting analyses of charts? isn't chart a result of the market situation created by and with the permission of operators? don't operators know where they want to take the market? don't they have even the faintest of clues about what is going to happen? so, therefore, aren't the charts and technicals already reflecting everything?
this reminds me of a beautiful quotation....."how old would you be if you didn't know how old you are".....in trading context i would translate it as "how would you (the technical chartist trader) trade if you didn't know what event is going to be"
fear, lack of confidence, greed, emotions, overconfidence etc......paralyse a technical trader........all night he sees a bull in dreams and what does he do first thing in the morning.....a bear hug!!!
the true effectiveness and efficiency of the poor technical trader's method and skill and training never gets a chance to be revealed!!! nodoubt, he always remains struggling....and one day....thinking that trading is not for him, he quits!!!
No comments:
Post a Comment