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Strategies & Market Trends : The Thread Formerly Known as No Rest For The Wicked

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To: JeffA who wrote (52426)7/16/1999 9:12:00 AM
From: stan s.  Read Replies (3) of 90042
 
Hi JeffA. Candlesticks are a great place to start. If you think about the psychology involved in the engulfing patterns, dark clouds, piercing lines and morning and evening star patterns, it makes a great deal of sense. You can literally view the change from weakness to strength and vice versa and the depth of the emotions behind the moves.

Combine that with resistance and support lines, a trend line, a little volume etc. and a lot of discipline...you will win far more often than you lose.

Part of the key is to simplify, I spent years learning dozens of indicators, crosses, various combinations and writing a hundred or more scans, now I've just settled on a relatively few things that work for me.

Keep it simple, stay on the right side of the trend and don't be afraid to sell.

Well anyway, more on this stuff in August.

Stan
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