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Strategies & Market Trends : Trade What You See, Not What You Think

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To: The Flying Crane who wrote (604)5/14/2001 9:50:19 PM
From: aldrums  Read Replies (2) of 867
 
Exactly my point! The moment you try to anticipate, you are already thinking. And by thinking, it is easy to fall into the trap of forming an opinion similar to the example you gave. Remember, the moment you anticipate a capitulation, you are already forming an opinion where you should be selling. Whereas, in a chart-pattern trading system, a certain bar-chart pattern will automatically trigger you to sell regardless of whether you think there is capitulation or not.

FC,

I can tell you right now Apakhabar doesn't use charts in his trading and he is not strictly a "system" trader. I agree with much of what you said but you are leaving out the intuitive element here. Much of "anticipation" is "intuition" for good traders, and these inner thoughts should be listened to and not blocked from our perception.

Alex
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