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Strategies & Market Trends : Trade What You See, Not What You Think
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To: TraderAlan who wrote (143)11/4/2000 7:23:26 PM
From: Tai Jin   of 867
 
I guess I should clarify what I said. There are different types of anticipation, and it is a useful trading tool. Like anticipating in a setup situation since they are known to have certain outcomes with high probability. So one can enter before an expected outcome in anticipation and react to a failure of the outcome. After the confirmation of a setup one can still be guided by expectations, but reaction is still key. Sometimes I enter before an expected breakout, for example, and other times I wait for confirmation. I guess it depends on how much confidence I have in the situation.

So anticipation based on the chart is fine, but anticipation based on other factors is more likely to lead to the ego thing since interpretation of those other factors is likely to be very subjective (not that reading a chart is not subjective, but it is certainly much less so).

...tai
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