In real estate investing they say
there are three rules; location, location, location. Similarly, in trading and technical analysis there
are also three rules; price movement, price movement, price movement. In many of the publications I have read on
technical analysis, somewhere in the early chapters the author states that the
most important indication for predicting price movement is price movement
itself. This is then followed by several
if not all the remaining chapters focusing on technical indicators ranging from
A to Z. Somewhere is the rhetoric the
importance of price movement is lost.
Do you want to learn to become a
day trader? If so study three things,
price movement, price movement and price movement.
Mr. Pipman
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