Fib-Gann Projections

Discussion in 'Technical Analysis' started by menardrs, Jul 20, 2005.

  1. "if you understand how to listen to the Market, all losers will be small ones and you will have more winners than losers. The other problem is that you must teach this to yourself and it isn't in any book . . . yet."

    Before you are able to use your intuition to listen to the Market, you need to improve your perception so that you can catch all the subtleties hinted by the steps of the price dance performed by the market.
    All newbies do their learning by using some form of TA and discarding them sometime later in an ever search for what people call the holy grail.
    Once traders overcome that stage and become successful, they find that they are unable to teach how they have walked the path because they have discarded all TA and their trading screen is devoid of anything except the price dance either in candlestick or bar format.
    Most of them are grateful traders and they want to give back but they know only one way and that is what most impatient newbies don't appreciate and confuse the 'giving back' as some sort of cocky or show off behavior.

    just rambling
     
    #31     Aug 13, 2005
  2. I agree, that is why I believe most traders fail. Instead of preparing for a long journey and then taking the time to figure the Market out on their own, they look for shortcuts and die of starvation along the way.
     
    #32     Aug 16, 2005