American Airlines (AAL)

[Leontios]

Predicting and forecasting is fun, but it might lend itself to a belief system that gives you a bias. The bias being that you think you might be right.

Nobody really knows what will happen next.

I used to trade with indicators. Now i know i will be getting in too late using indicators.

What are indicators? They are derivatives of the price, therefore lagging in nature.

So what is the solution. In my humble opinion, the solution lies in analysis of price. (Oh, and trading psychology)

What is price? Price is traders making trading decisions. Do you see where I am going with this?

It is a known fact that most traders are wrong a lot. So find the places where traders will be trapped, and trade against them. For a more exhaustive study of price action analysis check out Lance Beggs. http://www.yourtradingcoach.com/

He is a really good trader and a good guy. I am not affiliated at all, just sharing good info with my buds as i find it...