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Technical Analysis book recommendations

Discussion in 'Trading/Investing Resources' started by Indoril, Mar 21, 2017.

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  1. gartley

    gartley

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    Market conditions can change on a dime from trend, reversal, sideways, periods of low volatility to high. volatility. Every moment in the markets is unique.... I doubt there is machine code to understand the pattern of trends that move the markets and if there is there will be some major limitations

    Put simply: "The best computer is the one between our ears"

    I think patterns can be very powerful. Yes they are subjective!! We never know when we are going to make or lose money before we enter a trade, but some huge moves have come from pattern trades.

    At the end of the day it's peoples decisions that press that buy or sell button whether it's done by themselves or by programming a machine.

    A machine can ofcourse overcome the major weaknesses of most traders namely, emotions, discipline and consistency.

    Each to their own......
     
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