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I have noted the comments of Buffet

regarding the efficient Market Hypothesis


That says random entry is as good as it gets..

because all analysis is valueless...


And any price is the best price..


Buffet sees such a belief producing huge opportunities


For those that can discern real value...




Ok .. I see something similar here...As regard technical signals

If everyone believes the entry is unimportant or a consideration that can make little difference.. How much opportunity for those who can discern ?


what is an entry ?


To Me it is not moving averages, MACDs , RSI , higher highs

even Elliot waves ?


Do you think the Buffets and the Soros's etc etc

Skilled operators of all sizes use such "entries"  ..........If they do , They only use them to identify where they should be fading the crowd..


But where ever their entry is ( or is not ) will show up on the tape

and will be where We see demand absorbing supply and overcoming it



There is appearance

and there is character..


If you had to find a scientist from a group of strangers

and you only could use aspects of appearance


Short hair / long hair

wears glasses

introverted

wears a suit

untidy appearance


You would need to back test all those entry points

and maybe decide that a random selection would be as good.

Keep picking and discarding ( stop loss ) until you find one..



However if you talk to that scientist observe Him

and know what the characteristics of a Scientist are.

How one behaves... You just wait to you find one and then  you select one..


The working of demand and supply

has been back tested since the dawn of civilization


It works


When those who know more than You start buying , With conviction..


That is Your ( Well My ) entry


regardless of what any technical signal might be saying

They will at best follow along

at worst mislead you


up and down are unimportant


Is there accumulation or distribution

That is important

demand overcoming supply

Even done under cover

Will move prices UP


Extensive accumulation will move prices up a lot

trends will emerge and gather followings


The earlier We ( I:) ) identify  accumulation and distribution

The lower the risk the greater the rewards


The random entry is better, is the EMH of trading..

For the equivalent of the Buffets in the trading world it should produce marvelous opportunities..


Money management is very important

It is Part of the entry

initial position size

Pyramiding

Exits


If identifying accumulation is the basis of the entry

Identifying distribution is the basis of the exit


demand and supply


operates on all time frames

and developing the skills to judge character


Is what I think will make the difference..




motorway


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