Page 19 - ART Study Manual
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® “Home-Study Course” Study Manual Page 19
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great uptrend happen right before your eyes and the
STOCHASTIC oscillator remains overbought during the entire
10 point uptrend. Had you never looked at the STOCHASTIC
oscillator, you would not have had an OPINION, and would have
gone long.
3. Opinion - Example Three:
You see bearish divergence on the MACD oscillator so you form
an OPINION that the uptrend is ending and now you look to get
out of your long position right away. You then use a trailing stop
and exit the market. Only to find prices reverse and go higher,
the MACD oscillator turn bullish, and you are left scratching
your head.
Examples of how OPINIONS distort reality could go on and on, but
you get the idea. And the idea is that, oscillators form opinions and
opinions are not in the best interest of the successful trader. Instead,
with ART® you will learn to listen to what the market is actually
saying through Price action and Volume.
Strive to create an environment without opinions. That means avoid
reading financial newspapers, watching financial TV, or listening to
financial news in any form while trading.
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