Volume 1 â âFear and the Marketâ http://www.elitetrader.com/vb/showthread.php?s=&threadid=19559 Volume 2 â âSwitching TimeFramesâ http://www.elitetrader.com/vb/showthread.php?s=&threadid=19881 Volume 3- âElements For Successful Tradingâ http://www.elitetrader.com/vb/showthread.php?threadid=20208 To reiterate the disclaimer: The ignorant and malicious are free to reveal themselves with replies that I will not acknowledge. The inquisitive and intellectually stimulated are invited to post constructive replies, and or questions. What ARE YOU Looking At? The RAMOUTAR REPORT Vol. 4 You can show the same chart to several people and get different answers. âAt the high, itâs going to come back in itâs getting ready to break out, itâs at the top and it canât go any higher, or weâre headed into Liberia and the volume will dry up here which will bring in more selling pressure. Moving average âXâ crossed over moving average âYâ. Thereâs so many more way people read charts. The question I have is, âWhat ARE YOU looking at?â What do you see when you look at the charts? Do you see the truth, or are you painting the picture you want to see and then planning your EST around it? As Iâve said before, there are a lot of people who may have a chart filled with âspaghettiâ. They have 10 different moving averages, stochastics, RSI, ADX, and Bollingers, etc, etc. Now thereâs nothing wrong with these tools, many of them are great. These are the people who are so deep in the forest that they canât see it for the tops of the trees anymore. These folks canât even identify where the major support and resistance levels are, but they know everything about %K an %D. Theyâve lost touch with the basics, they will continue to become the feeders in the marketâs âeco-systemâ. How in the world did people make money from 1792 until the 1920âs when charts were rarely used or available? The only remnant of the tool that people used back then is used to shower some great people in the âValley of Heroesâ otherwise known as lower Broadway in Manhattan, during the âTicker Tape Paradeâ. What were THOSE PEOPLE looking at from 1792 to 1920? What did Jesse Livermore do? Was he watching CNBC, back testing his strategies, and figuring out his stochastics. They read the emotions and when the ticker came out they read the tape. Iâm not bashing TA tools, I use many of them, but I stay in touch with the basics. Every single successful trader I have met has never lost touch of the basics. One weekend, take a real hard look at the tolls you use during the day. Scrutinize every window, program and screen that sucks the ram from your pc and attention from your mind. My screen looks like a Cessna cockpit, plain and simple with all of the information I need. Remember, the more your looking at the less you see. When I see candlesticks, I see fear, greed, pain, ecstasy, crying, laughter, inspiration and desperation in every single formation and candle, just to name a few. A chart is very much like the ink blotches a psychiatrist shows a patient, and then asks, âWhat do you see here?â I would drive the psychiatrist to a psychiatrist, because very one of my answers would be âink blotchâ. This may sound a little crazy but, I completely submitted to the market years ago, and I now see it as a âSupreme Beingâ. I do exactly what the market tells me. I trade people and emotions, not stocks. Heck, for all I care, Congress can rename them âwidgetsâ. And as long as the NWSE and the NAWDAQ have historical data on widgets, Iâll trade them. Now Iâve attached two charts of stocks that have been mentioned here on ET. Iâm not going to say who mentioned them, or what stocks they are. The gent who pointed these out called for a long on one and a short on the other. Is he right? Maybe. However, looking back in time you need to imagine yourself as one of the people caught up in one these positions from a couple of years ago. What would you do, if you sat with a loss for two years, and it came back to âBREAKEVENâ? We as traders may know better, but the average investor, and mutual manager who was told to hold is now looking to get out. Thatâs what I see when I look at charts. I say, âOk, whoâs going to give me trouble on this move?â I see angry, crying, and desperate, traders and investors who are in PAIN. They have been in pain since Q2 2001, and theyâre going to slam me. Thatâs what Iâm looking at. It doesnât matter what timeframe youâre in, go up in timeframe and see whoâs waiting to ambush you. I set my targets for areas where Iâm out of their reach. When I avoid the war, I reserve my strength, which allows me to come back again and trade unscathed. Give it a try.