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Elk
Not only will I continue to use sailing as a metaphor but I will
expand the use. There are several reasons. Selling to "the traders"
market is too limiting and more imortant.... If you can think like a
sailor you can think like a profitable trader......
If you have ever been sailing you would know that it is kind of a
zen like experience where you have a very specific focus. All the BS
that is provided by the media etc is gone.
There are other advantages. Any monkey can draw an Andrews line and
if you read his totally incomplete "free" 60 page lit.... at any
time there are at least 20 or so that come in tomorrow. So which
ones do you use? Rather than take the standard approach of here are
the lines .....let get overwhelmed with stuff that is useless.....
I will focus upon about 3 kinds of sand bars and a marker.
I did something similar in Vienna seminars and the sucess rate of
the students over a long time period was very high.
Focus upon the chicken ( the end result.. you really want ) not on
the eggs.
We look for 4 things...
1) sand bars (support and resistance lines) where prices stop for a
bar or 2 and then go through
2) sand bars where prices go through and then go back to it to touch
it before continuing in the proper direction
(the above are very handy for adding on positions or getting in with
definable risk....the other side of the sand bar line)
3) and finally sand bars that are likely to produce a tradeable
pivot ....like i pointed out on thursday in an email I sent out.
4) and then how to find markers (probable future pivot points)
Now instead of learning how to draw all of those silly lines you
learned how to draw lines that produced the above .......wouldn't
Andrews really work .....and very easily at that?
Oh by the way did you ever learn what the Andrews "ROS" line was?
Hint....its a sand bar.
Regards
R
--- In realtraders@xxxx, Infernal Elk <infernalelk@xxxx> wrote:
>
> >> John either you are blind or you faded the forecast.
> >> ...or does north mean go short to you?
>
> >> R
>
> maybe if you spoke in market terms rather than cryptic pseudo-
poetic
> "nautical" terms, people would understand you.
>
> if your desire is to communicate, then do so CLEARLY. if your
desire
> is to tease and to draw people in to buy your product you'll do
better
> to speak clearly as well.
>
> we're not sailors. we're traders.
>
> - *lk
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