Tape Reading
Sometimes it is nice to review a simple concept when there appears to be tremendous volatility in the markets. Mechanical systems and schemes are useful and even necessary for the structure they impose in organizing data, but even Richard Dennis in the original course and discussed ways to "predict" entry signals, exit trades too early, and filter " bad "trades.
Learn to follow the price action of the market and read the signals it gives. This can become a strict discipline in itself and the result will be greater confidence that the trade is or is not working.
Sunday, May 29, 2011
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