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Way of the Turtle by Curtis M. Faith

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nine TURTLE-STYLE BUILDING BLOCKS

Don't spend all your time admiring the fancy toolsin the magazines. First learn how to use the basic ones well.It's not the size of your tools that counts but how well you use them.

Chapter 2 provided an overview of the various market states: stable and quiet, stable and volatile, trending and quiet, and trending and volatile. I also pointed out the importance of being able to identify the state of the market you are trading in since many systems are designed to keep you out of that market when it's in a state that is not favorable given their trading styles.

I refer to the tools that indicate market states as building blocks. Some building blocks have specific names such as indicators, oscillators, and ratios ...

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