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Page 159
Chapter 13
Step Four
Using Reliable Chart Setups
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In the kingdom of the blind, the one-eyed man is King.
ATTRIBUTED TO DAVE MACKIE
A stark fact of trading life is that there are millions of people making trades every day who do not possess market understanding, who cannot construct a trading plan, who can do little but wish, hope, and gamble, and who will not prevail in a contest against the prepared trader.
You are about to enter a place known only to a relative few, a place where education and reason triumph, a place where clarity of purpose abounds, a place where skills and experience mature into wisdom. The quote above creates such a perfect metaphor for us for we can never have perfect vision into the markets. The best we can hope for is one clear eye.
But in the markets, that is more than enough!
Proven Chart Patterns Defined
It's one thing to read a chart. It is entirely another to be able to interpret and use that information wisely. The oldest form of interpreting

 
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