Saturday, 21 October 2017

How to trade chart patterns

 How to trade the following chart patterns

Only a single variable, price. On price converge a galaxy of influences: fear, greed, desire, ounning, malice, deceit, naiveté, earnings estimates, broker need for income, gullibility, professional money managers’ need for performance and job security, supply and demand of stocks, monetary liquidity and money flow, self-destructiveness, passivity, trap setting, manipulation, blind arrogance, conspiracy and fraud and double dealing, phases of the moon and sun spots, economic cycles and beliefs about them, public mood, and the indomitable human need to be right.

Chart formations are the language of the market.

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