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At 12:21 PM 4/8/99 -0600, Earl Adamy wrote:
>Let's hear it for RSI, Stochastics, Moving Averages, Williams %R, Commodity
>Channels, Bollinger Bands and all that other great stuff which can be stuck
>into a formula and plotted automatically on a chart!!! Really, this
>Fibonacci stuff is a total PIA - it requires eye/hand co-ordination, brain
>waves, and hand work!
>
>Earl
>
>
Ha! Good one Earl!
>Fibonacci stuff is a total PIA - it requires eye/hand co-ordination, brain
>waves, and hand work!
Yes, the "brain waves" is the part that hurts the most. Too many people
expect that trading should be easy and automatic. And too many traders
learn how easy it is to fail..
Driving a car is easy for us, sometimes we can drive all the way
home without thinking about it, not remembering anything about the
journey. But when we first learn to drive, it takes much more focus and
effort, even though we're performing the same task. Then one day,
while we're driving without any effort, our mind on something else,
"POW" we're rammed by some stupid kid who wasn't looking where he
was driving..
Trading is just like that..
To stay in the business, we have to focus, learn, use eye/hand co-ordination,
brain waves etc.. And survive the fender-benders along the way too..
-Neal.
-----------------
Neal on the 'net.
Trade well. Train hard.
http://www.halcyon.com/neal/
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