- CHARTING IS MORE OF AN ART THAN SCIENCE SUCCESSFUL CHART INTERPRETATION TAKES TIME ,STUDY AND EFFORT
- CHART CAN BE MESREAD , MUCH IN THE SAME WAY AS A WAVE COUNT CAN BE PROSTITUED.
- CHARTING IS TRADING TOOL , NOT A MEANS FOR PRICE FORECASTING .PEOPLE WHO USE CHART BOOKS TO MAKE GRAND ECONOMIC FORECASTS ARE IN DANGEROUS TERRITORY.
- CHARTS SHOULD BE USED FOR TIMING TRADING MANEUVERS,NOT FOR FORMULATING FUNDAMENTAL OPINION.
- EVEN THE MOST WELL -DEFINED AND SEEMINGLY PERFECT CHART PATTERN IS SUBJECT TO FAILURE.
Thursday, 1 December 2011
Chart Tools
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