Every once in a while its good to go back and work on the true basics of our trade.
Also have started coming to various conclusions. Mainly, I am noticing that making things complicated only works when you have the means todo so. Also, I have come to the conclusion that speculation never changes. The reason people like Jesse Livermore, and Rollo Tape live on is because they were the ones that said it as it is. Trading isn't about the indicators, the mathematics, the ratios, it's about the gut instinct. When this is moving, what is going to happen to this. The whole premise of money flow within a market. Mainly in currencies, one cross cannot get stronger without one or the other moving as they have the same base currency. If usd is weakening, it must be weakening across the board but at different rates. So you essentially are using that idea to create a gut instinct that if fufilled will create profits.
"In a gold rush, if you have no gold, then you can sell shovels"
Friday, May 13, 2011
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