Not as good? HM no I would not be as good as you when using charts. I like to look at it as having several systems rolled into one to give optional ways of looking at things.
The markers, which I haven't posted for some time are cycle points. Sometimes they are very reactive but at times they only offer a stalling point. I have 4 ways to find them which is why sometimes I posted a date like the 26-ish or 26-29 as the 4 programs don't always agree.. But when 3 of the 4 agree it's usually all in long or short.
I've seen people use charts in a strong trending market and keep getting stopped out. In a choppy market they have value if set correctly. But how do you know the chop is ending or a trending market is going into a chop? So for me knowing where we are in the big picture is important.
That brings in why I said the dollar was becoming a tradable issue as the big picture was turning bullish a few months back. Not mentioned here but I was heavy in consumer products the past 2 months as well due to what the foundation of the sector looked like.
When I find issues setting up that I dont have worry about chop chop chop like the current consumer products trade which I sold a bunch on Fri, the dollar, oil for the last year until a couple weeks ago, I'm all in and I could care less what the spooz, PMs or whatever are doing.
If I have time to sit by the computer part of the day, I'll put my trader shoes on.
By using upcoming markers, along with a twice a day read on some issues, price movement and an evening summary of the underlying issues gives me a lot of freedom during the day, which is when I'm working on my community projects. I can ignore the market for all but maybe 10 minutes during the trading day.
The evening review takes about an hour, which many find too tedious and the work needed is why I don't answer the "HOW DO YOU DO IT? questions. I felt offering the markers was enough but that drew flack so I stopped publishing markers in public. Kind of the one rotten apple spoiled it for everyone else theme.
Remember this system has been massaged for over 50 years with serious updates twice a year.. So it had better work.
I've never appreciated the fact I need an ID to pick up a prescription because I might be cooking something. But no ID is required to vote!
