But work means effort and so pain and knowledge must be gained so it also means pain but pain doesn't have to last eternally that's what I mean ... but only if one capitalise on experience by transforming it into knowledge if not so experience is as useful as noise you will never recognise anything worth in it . Capitalising on experience means you must think about it, extract, filter, synthetise, modelise, test, correct, experience again, and repeat the whole cycle of PDCA : Plan Do Check Action (see http://www.elitetrader.com/vb/showthread.php?s=&threadid=19607) . If you have a theory it will work faster without theory (in large sense it doesn't need to be only science but knowledge from ancients for example) your brain will have difficulty to "see" and you will encounter tremendous difficulty to learn only from experience alone.
For fun compare with these fib values (9249 is enlightened since we had done it this week): <IMG SRC="http://harrytrader.membres.jexiste.org/fib.gif"> If it was psychology of crowd believing in fib there are so numerous possible values from different scales that it would be impossible that market could print such precise numbers as the 3 ones below that doesn't even coïncide with fib sometimes. If it wasn't so precise one could think that it was due to psychology of crowd. But it is very precise and a crowd with its madness can't have this precision. More over there is no crowd on globex and it is even very illiquid and still globex print the numbers with the same precision.