Trade What You See, Not What You Think Message Board

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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 3:32:11 PM
From: Threei	of 867

Alan, you hit the spot I am stumbling onto for a while: definition of anticipation vs reaction that would eliminate this confusion. We apparently mean the same but some semantic details are getting in the way. Anticipation that I consider to be mistaken approach goes along with your lines: Forget the news, remember the chart. You're not smart enough to know how news will affect price. The chart already knows the news is coming. It would sound like: as a result of certain external event stock should do this and this. Anticipation that is valid as approach to trading should be drawn from market action and based on setups that proved their reliability % wise. It would sound like: as a result of certain formation on the chart (action on the tape) next stock action should be that and that. First is pure guessing, and if stock does opposite trader holds on his opinion because the original reason is still there. Second is based on observation of actual market behavior, and if stock does opposite trader gets out because his set of scenarios includes setup failure. Stll vague, I know... I'll think of better definitions (unless you already have one :) Vadym

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