Chapter 9. The most valuable technical tool (TMVTT)
“The market can remain irrational longer than you can remain solvent.”
—Lord Keynes
Sorry to be the one to break this to you, but when trading futures or options, there just aren't any “sure things.” You've all seen the infomercials, and I've tested many of the systems, but no matter what the ads say, you can never believe in any system that claims to win 90% of the time (or even close). If there's a Holy Trading Grail, I've not found it, and I have to ask myself, “Why would they share it with me anyway?”
One of the most important lessons I can teach you is this: There is no single pattern, system, method, or indicator that works in all market conditions. The best you can hope for is to find ...
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