IS THE TREND UP OR DOWN?
YOU WERE PROBABLY TAUGHT TO DRAW TREND LINES LIKE ABOVE, RIGHT?
DO THEY TELL YOU WHAT THE TREND IS?
CAN YOU SEE THE TREND?
TREND AS YOU HAVE NEVER SEEN IT BEFORE
[center]TRO TREND MAP[/center]
If you zoom in, you can see the trend, right?
Do you have any question which way price it heading?
You see, TREND is what YOU OBSERVE IT TO BE.
Are you familiar with the writings of Stephan Hawking?
I have read "A BRIEF HISTORY OF TIME" by Stephen Hawking and it gave me some ideas for trading.
p-10
"... A theory is a good theory if it satisfies two requirements. It must accurately describe a large class of observations on the basis of a model that contains only a few arbitrary elements, and it must make definite predictions about the results of future observations...."
p-58
"In general, quantum mechanics does not predict a single definite result for an observation. Instead, it predicts a number of different possible outcomes and tells us how likely each of these is. ...."
p-183
"With the advent of quantum mechanics, we have come to recognize that events cannot be predicted with complete accuracy but that there is always a degree of uncertainty. ...."
That sure sounds a lot like trading, filter writing, indicator coding, etc...
It also "validates" my statistical approach to trading because the statistics will show what has happened when certain criteria have been met. In fact, I believe you can use any indicator and then apply statistical analysis to the currencies the indicator selected to find which currencies are most likely to generate profit.
Many of you have probably heard that KNOWLEDGE IS POWER. That was further refined to APPLIED KNOWLEDGE IS POWER. I have made this revision:
"Knowledge applied properly, at the appropriate time, is profitable."
1) You have to have the knowledge
2) You have to apply it properly
3) You have to apply it at the appropriate time.
