Sunday, 4 March 2012

A Dictionary Of Quotations - ANALYSIS

ANALYSIS






Allen, R.G.D. Statistics for Economists
Chapter I (p. 14)
 

The technical analysis of any large collection of data is a task for a highly trained and expensive man who knows the mathematical theory of statistics inside and out. Otherwise the outcome is likely to be a collection of drawings-quartered pies, cute little battleships, and tapering rows of sturdy soldiers in diversified uniforms-interesting enough in a colored Sunday supplement, but hardly the sort of thing from which to draw reliable inferences. 



AUD/NZD 6 march 2012

AUD/NZD 6 march
 
 
 
 
 
Buy AUD/NZD 1.29452 
SL:1.29052
TP:1.30252
IF YOUR TRADE IS NOT GOING ANYWHERE IN A GIVEN TIMEFRAME, IT’S TIME TO EXIT






This rule relates to the theory of capital flow. It is trading capital that pushes a
market one way or another. An oversupply or imbalance of buy orders will push the market up. An oversupply of sell orders will push the market lower.
 

HIT SINGLES NOT HOME RUNS.

HIT SINGLES  NOT HOME RUNS





Just as I dont know of any successful speculators, I dont know of any trader who goes into a
trade expecting to hit a home run and then actually having it happen. You should never approach a trade with the idea that its going to be a huge winner. Sometimes they turn out that way, but the times that I have a hit a home run on a position is most definitely luck, not skill.
 

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