Trader Scott
There is only one reason I use charts – and that is to identify and to judge the ongoing battle between supply and demand. And I believe that my method, although biased, is the best way to achieve this.
This method shows the true, non-manipulated, up to the second supply vs. demand situation. One reason that this is so important relates to the TREND of the market. In an UPTREND, the demand overwhelms the supply and visa versa for a DOWNTREND. That’s the simple definition.
And FYI, when you hear supposed chartists talking about all of their ridiculous, pretty little chart patterns like double bottoms, head and shoulders tops, wedges, etc., just ignore it. It’s virtually useless.
And when you hear people say that if a market goes below a certain price, then it’s automatically bearish, just ignore that also. In fact, I love buying into that exact scenario when most everyone else is selling, because they believe the market supposedly broke support, so they’re now bearish.
Thanks bro… I look forward to more of your stuff on this topic💹! Enjoy the beaoooch🌞⛱
I’ll be putting up stuff all weekend here, along this theme, and enjoying some time off to boot. You guys have fun also. And I wonder if there is a Lake Hillary anywhere.