Disclaimer: This is a legal notice. Please read it carefully in its entirety. It is your responsibility to understand this notice. If you do not understand it, please seek the assistance of a competent advisor.The content in Trend Follower is for educational purpose only. This is not a recommendation to buy or sell any security and no information contained here should be interpreted or construed as investment advice. My opinion is subject to change without notice. Trend Follower will not accept any responsibility or be liable for any investment decisions based on the information discussed here.

Monday, May 16, 2011

From my Diary about ICT


I was already suspicious about the accumulation in ICT last 28th April. Just do you research to know why.

" To make money trading, you do not need to forecast the future. You have
to extract information from the market and find out whether bulls or bears
are in control. You need to measure the strength of the dominant market
group and decide how likely the current trend is to continue. You need to
practice conservative money management aimed at long-term survival and
profit accumulation. You must observe how your mind works and avoid slipping
into greed or fear. A trader who does all of this will succeed more than any forecaster. A. Elder"

1 comment:

About tracer said...

The answer is not in the news or broker reco. In case you found it, do not divulge, just keep it to yourself.

"tape reading is not watching every trade that passes by but rather keeping an eye out for unusual impulsive action, unusual volume, or just observing the way the price trades at significant levels. Each price swing has forecasting value as to what the next most immediate move should be. We then follow the price action to see if that move plays out." Linda Bradford Raschke