Adapted from Bill William.....
.....Before long, rhetoric replaced reality as the primary shaper of trading practices. Nonsense replaced common sense. Our interest became centered around moving averages, stochastics, RSI, point and figures, oscillators, momentum, roc, MACD plus numerous indicators. Then came newsletters and books such as How I Made 40 Million Last year Trading One Eurodollar Contrat. In the early 1980s, a flurry of $3000 black box system sold at incredible rates. None proved profitable and all have been dicarded......
......Using the mechanical system to predict market. There are linear tools and cannot accurately or adequately describe a nonlinear market. IF there was a consistently successful mechanical system, it would not be worth $3000 but could be sold in hours for $30 Million. Note that we are talking about a mechanical system that will work consistently and profitably over time........
Think wisely, if you called yourself a trader.......
Happy Trading...
It's well known that the heart has to be largely regular or you die. But the brain has to be largely irregular; if not you have epilepsy. The brain has been selected to become so unstable that the smallest effect can lead to the formation of order
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do u have new analysis for this week?
ReplyDeleteCurrently GU analysis is still valid...
ReplyDeleteCurrent major concerned is on EU pair where there is no significant movement from last week...
Also my analysis for EU were invalid as the price movement hit the lowest bottom price..huhuuu