Here's what he said,
"One thing that I would appreciate is an overview of the approach that each contributer takes. Your analysis is based on EW, but Trader One & Bear Profits take a slightly different tack. The different approaches will be the strength of the site, but a few words explaining them would be very helpful for the reader".
OK then, here's mine:
Simplicity is the key:
Technical:
(1) Fibonacci levels (S&R + targeting)
(2) Dow Theory -- simple mechanics of TREND.
(3) Trendlines, especially angles of attack.
(4) Commonsense.
(5) One or 2 indicators that are used in unconventional ways
(6) EW only on "monthly/weekly" timeframe -- intraday use can be puerile, futile and fatal & sometimes downright assinine, hovine and bovine!
Fundamental:
In the antediluvian quest for higher YIELDs, where is the herd likely to stampede to & ..... when .... and how passionately (sentiment)?
This is the only factor that matters in the vast sea of torrents of nonsense.
Yeah, I read all kinds of articles, but for me, "Opinions are like ass*oles; everyone has one!"
The cleanliness, unclutteredness and ample white-spaceness of one's chart is directly proportional to serendipitous, untrammeled profits, hehehehe.
More on "follow the money trail" to determine which currency to be in for the long haul -- in future posts.
I'm relieved to be in a place where the long haul is what it is and not just 2 days, as it appears to be -- at MoneyTec. :) :)
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