Re: My last attempt to know the truth behind technical analysis through forum(traderj
No. William was not talking out of context, it is we who want to take it out of context because it doesn't suit us.
That is the trouble. How many traders have you met who use their brains 100% in trading decisions. We all rely on figures, TA or FA and what not. I have a 40 years statistical data on Dow telling how 'informed' trader rules over all the TA and FA trader/investor.
'Informed trader; means trader who relies on 'inside infromation', who knows how to correlate all sorts of world news with the market. Now, for that one needs brains!
Depends how you use it in context with other tools.
I mean, I remember that you told in an other thread to use our brain to make any decisions
I mean, I remember that you told in an other thread to use our brain to make any decisions
That is the trouble. How many traders have you met who use their brains 100% in trading decisions. We all rely on figures, TA or FA and what not. I have a 40 years statistical data on Dow telling how 'informed' trader rules over all the TA and FA trader/investor.
'Informed trader; means trader who relies on 'inside infromation', who knows how to correlate all sorts of world news with the market. Now, for that one needs brains!