Understand the conditions + Instinct = Right Decision Making
Indicator is not everything that you need. It just help you to calculate something faster than manual... to capture the changes faster than your eyes can do. So that you can understand what's going on Just In Time.
One of the greatest mistake of the trader is using RED BLUE signal as primary guide to enter the market. Unfortunately, there is no perfect formula to predict the market or sophisticated mechanism to handle the risk. Sooner or later the calculation and prediction of the indicator will fail.
Trade like a Big Dog is not just to understand but to feel the market behavior. So that you know the right time to enter the market.
p/s at least you feel and act the way the Big Dog do even though you are just a cat
Thursday, January 14, 2010
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