THERE IS NO HOLY
GRAIL OF INDICATORS DUMPED IN TREND TRADER'S BACKYARD
In the financial markets, you see it every day. It’s always someone else’s fault that you lost money on a trade. It’s the hedge funds, the high frequency traders, the financial media, your newsletter guru, the short sellers, the day traders, the speculators, the market manipulators, the Plunge Protection Team…..the list is endless.
What purpose does this serve? Why is victim the default?
The answer is---just like making money trading the markets---simple but not easy.
New traders seldom take the time to learn the lay of the land (the real underlying structure of the market they wish to trade) or find a trusted guide to this treacherous territory, until such time as they have totally exhausted themselves and their trading capital in their useless search for what others told them (on day one) did not exist.
Would they listen? Absolutely not!
Thus the actions of most traders, in their early years, cause them to appear to be "dumber than a tree stump" until they have finally reached that exhaustion point. It seems only then that they will begin to listen to the wisdom of those who have gone before them rather than thinking they will somehow come up with that one right combination of magic indicators that works almost every time.
BEHAVIORAL PATTERN & IT'S SIGNIFICANCE - TAPE READING
Here's a (really important) little hint: It is more about observation of market movements and also harnessing your own emotions than it is about strategies, indicators, methods and systems. Don't be blinded by the B.S. comments bandied about by the 95% who can't trade to save their lives but who still love to read their own opinions in print!
I wholeheartedly assure you that there are traders successfully trading many of the methods and/or strategies that you have already tried and discarded as useless.
BEST EXAMPLE : MYSELF - I USE ONLY 3 TO 4 Indicators @ Max
FAST SCO - SLOW SCO - CCI - PSAR = SIMPLICITY - ALWAYS MAKES THE MAGIC FOR ME
CONCLUSION
It is far more about you than it is about the individual method.
What purpose does this serve? Why is victim the default?
The answer is---just like making money trading the markets---simple but not easy.
New traders seldom take the time to learn the lay of the land (the real underlying structure of the market they wish to trade) or find a trusted guide to this treacherous territory, until such time as they have totally exhausted themselves and their trading capital in their useless search for what others told them (on day one) did not exist.
Would they listen? Absolutely not!
Thus the actions of most traders, in their early years, cause them to appear to be "dumber than a tree stump" until they have finally reached that exhaustion point. It seems only then that they will begin to listen to the wisdom of those who have gone before them rather than thinking they will somehow come up with that one right combination of magic indicators that works almost every time.
BEHAVIORAL PATTERN & IT'S SIGNIFICANCE - TAPE READING
Here's a (really important) little hint: It is more about observation of market movements and also harnessing your own emotions than it is about strategies, indicators, methods and systems. Don't be blinded by the B.S. comments bandied about by the 95% who can't trade to save their lives but who still love to read their own opinions in print!
I wholeheartedly assure you that there are traders successfully trading many of the methods and/or strategies that you have already tried and discarded as useless.
BEST EXAMPLE : MYSELF - I USE ONLY 3 TO 4 Indicators @ Max
FAST SCO - SLOW SCO - CCI - PSAR = SIMPLICITY - ALWAYS MAKES THE MAGIC FOR ME
CONCLUSION
It is far more about you than it is about the individual method.
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