Ladies & Gents.
I define trading as "The art of using information"so, we must first understand the information inorder to use well and fast..technical analasys doz not move the market its the other way around here is a surrprise
20%
of the market are pros and the 80% are called regulers the 20% pros control the 80% so 80% of the time you are and you will be cought on the wrong side of the market,..and the 20%of the time when yr on the right side of the market is coz they want u to be so,..
to do what they call follow through
its very important to understand and realise that
and inorder to understand the behaviour of those 20% pros you need to understand the MARKET PROFILE
Market profile will help u understand who is in control of the market long term or short term traders ,..will also help u understand who is in control the buyers or the sellers
also it will help u understand what is happening so u can easily predict what will happen
ladies and gents
knowing the rules doz not mean winning the g*** but knowing the rules and understanding the g*** could prevent u from loosing the g***
and remeber the if u wr playing poker for the past half an hour and u could nt know whos the pasty is,..then its you
Good luck and
have a nice day
screaminghawk