One of the most popular trading methods is to look for Chart Patterns. In fact, some people claim they trade these alone, without the use of any indicators.
But amateurs know these same chart patterns (head and shoulders, double tops, double bottoms, triangles, wedges, etc.) and cannot make money with them.
So why don’t they work?
Or do they work … but only sometimes?
Today’s post will cover a cycle I’ve never heard anyone else ever talk about before:
Whether you trade chart pattens, or indicators, or some combination of both, the cycle between order and chaos will have dramatic effects on your profit/loss column. Yet most people aren’t even aware it exists.
Well, today you will get that awareness!
I’ve recorded this post in Podcast format (audio only). You can download it to your mp3 device or listen to it right here on the web site.
Thanks everyone for the great feedback on this series on Market Cycles. If you haven’t been following it, you can access the previous posts in the series below. It’s been fun doing it, so I think I’ll do more series like this in the future.
Listen to the Podcast and then please leave your comments below. There’s some things in this one that are going to be pretty controversial, but feel free to express your feelings even if you disagree with me. That’s what makes it fun!
The Podcast is below. Be patient, it’s almost 30 minutes long so it may take a long time to buffer before it starts playing. If it continues to buffer too long, click on the “Download” link below it (left click to play on your computer, right click to download the file to your computer).