It’s very important to realize that if your goal is true success in markets, then the very best way to learn a method is to do it bit by bit, step by step. Focusing on the most important tools first. Those are discussed below. But don’t obsess about the method. You will learn it the best, if you calmly learn it and absorb it a little bit every single day. Just keep working hard at it. Success in markets is not about predicting, and it is that widespread belief and mindset which is the undoing of so many. My buddy, whom I nicknamed Nostradamus, was a brilliant analyst, but he could never get out of that mindset. And he never made it as a trader. I’m just trying to identify what I believe is – the TREND of the market and the current technical position of the market – where the SUPPORT and RESISTANCE areas are – if a market is overbought or oversold – and if/where/how much ACCUMULATION or DISTRIBUTION there has been. That’s basically how I use charts. Markets are about PROBABILITIES, not “predicting”. They’re about uncertainty, not certainty. (Continued for subscribers.)
Approach