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Strategies & Market Trends : NetCurrents NTCS

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To: Teresa Lo who wrote (306)	10/4/2000 9:51:40 PM
From: Threei	Read Replies (1) of 8925

Thank you but let me read through the thread and once again through your site :) Just for introduction of my general approach... it consists of following parts: 1. Recognizing of dual reality in the markets: "real" reality and reality created by trader for himself (that's I believe what John Magee calls "territory" and "map" in his book quoted on the site) 2. State of mind that allows a trader to be a detached observer, with no emotional involvement that tends to lead to the map away from territory 3. Using tape reading in its old classical sense (way more extended than just observing of up/down ticks). Identifying of current phases: slow accumulation, capitulation, euphoria etc. Somehow I am not much of TA person, may be just not visual type... numbers of price and volume talk to me more clearly than visual presentation, and indicators tend to cloud the picture for me. Doesn't mean I think there is something wrong with TA. 4. Accepting the fact that there is no certainty in markets. Willingness to get out with no hard feelings. 5. Questioning of everything that looks too obvious. If something is clear for entire world - it's a trap. Sheesh, it was supposed to be shorter :) Vadym

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