Nexen FWIW & IMHO A few months ago I received an exceptional (actually the absolute best for a trader IMHO) complement from RabbitOne when he told me â my thoughts (mind) are pure and simpleâ¦. So I pass this to you as âFood for Thoughtâ Sir Step 1 (This one is hard) Completely quite your mind⦠AND I MEAN COMPLETELY Sir â To the point where you can hear yourself breathe, you can hear your heart beat, you can hear the blood course through your veins â and you can remain in this clear minded state for hours⦠In other words shut your inner voice (thoughts) off completely Step 2 (This one is harder still) Now in a âclear minded stateâ Bring up a live chart, take a seat, introduce your self to the chart (Iâm serious), and tell the chart; Hello my name is XXXX I hear you have a story to tell â Iâm here to listen â and I will sit quietly and listen for as long as you likeâ¦.. Step 3 (The hardest) If you keep your mind completely clear â the chart will begin to speak⦠Maybe not straight away, but as it gains trust in you, and figures out you will listen intently without interrupting it (with your thoughts / desires/ wishes/ hopes/ inner voice/ etc.) â it will speak⦠and eventually it will speak volumes Do this over and over â because as the chart become more familiar and comfortable with you â itâll start yelling its story out loud â as it doesnât want you to miss a damn word it has to say.. The story it tells â will be all you need to know Sir â to act and do â as you mustâ¦.. I wish you a very pure, and simple mind Sir.. Regards RN
The guy on the left side of the screen talking on the phone: <object width="425" height="344"><param name="movie" value="http://www.youtube.com/v/twRp_c93X-Y&hl=en&fs=1&"></param><param name="allowFullScreen" value="true"></param><param name="allowscriptaccess" value="always"></param><embed src="http://www.youtube.com/v/twRp_c93X-Y&hl=en&fs=1&" type="application/x-shockwave-flash" allowscriptaccess="always" allowfullscreen="true" width="425" height="344"></embed></object>
Excuse me, but if you think charts can tell you anything useful about the future... ...then you have a lot to learn. there are almost no short term profitable traders, worth following. Altough you have a chance with longer term.
Ehhh, markets are not fractal in your opinion then? Minus slippage and liquidity issues on the shorter time scales.