Voo Doo principle: a pattern appeared and at the PRECISE level the BUYING STOPPED and the SELLING took over … believe it? or not?
Here’s what I do know:
- ANYTHING can and will happen …
- YOU DO NOT NEED TO KNOW WHAT IS GOING TO HAPPEN NEXT TO MAKE MONEY
- There is a random distribution between wins and losses for any given set of variables that define an edge … (MY edge is PATTERN RECOGNITION)
- An edge is nothing more than an indication of a higher probability of one thing happening over another …
- EVERY MOMENT IN THE MARKET IS UNIQUE
- Thank you Mark Douglas for Trading in the Zone.
Here’s what I SEE w/ regards to the German Dax – PATTERNS are complete across long time frames. IF (the big IF) these patterns work (they sure seem to be) THEN it is very bearish.
and, here’s the ETF w/ the “SEE PATTERN APPROACHING” back in December 2013
CLIFF NOTES: as I’ve said for the past 6 months (it hasn’t even been a year blogging!) this is a PATTERN RECOGNITION blog. And, guess what … we have ANOTHER PATTERN from an all time low. Here’s the pattern …