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There are two schools of thinking among Forex Strategists and Markets Analysts.
Those who believe in the use of Technical Indicators and those who prefer “naked” Charts. To my opinion, it is perfectly acceptable for a Trader to go with the “naked” Charts approach as long as the financial results are rewarding, but I’m against statements such as “Indicators are useless” or “Indicators are outdated”. Indicators are tools based on Mathematical Formulas. We can’t blame Indicators for our inability to use them or interpret their Signals. While I was a Dental Medicine Student at the University of Athens, many of my colleagues, including myself, kept asking our Professors at the labs, which was the best filling material to use with our patients. One material was more resistant in time but its aesthetic results were not optimum, the other required exceptional skills, the other was looking nice but wouldn’t last for many years. We were totally confused. The reply that was given to us by one of our Professors will always remain carved in my mind and applies to most systems, materials, methods etc.
He said :
“The best filling material you can use on your patient’s teeth is the one you are most familiar with and feel extremely confident about using.”
This Book is dedicated to the presentation of a System consisted of three Technical Indicators : Bollinger Bands, Fractals and Alligator. Your Trading results can be excellent if you learn to use this System very well.
In general, there are leading, lagging and coincident indicators in Trading.
“Coincident indicators occur at approximately the same time as the conditions they signify. Rather than predicting future events, these types of indicators change at the same time as the economy or stock market. Personal income is a coincidental indicator for the economy: high personal income rates will coincide with a strong economy.”
INVESTOPEDIA
But this is a bilateral correlation which means works both ways. Once the individual’s micro-economy expands and reaches new breakthroughs of success and accomplishments, society advances and its macro-economy emerges and raises to higher levels.
I am a big believer of Individual Revolution, the most silent and peaceful Revolution of all, yet the most powerful. Being helplessly optimistic, I see Life as a Gift that holds the great potential of self-discovery. One of the reasons why I love FOREX Trading so much, is because it sets the field for an excellent exercise in Individual Expansion and Appreciation. People need education, stimulation and guidance. The rest is up to them to discover on their own. Once they improve their own financial “indices”, they’ll be able to help their neighbors improve theirs because the whole society works as the whole of interconnected parts.
Not everybody can be a Professional Trader, neither should be. But everybody can enter the Capital Markets practicing the art of Self-Development. With the token that most essential things are excruciatingly simple, I am intrigued by the possibility that my personal quest in the currencies trading ecosystem, can trigger the Self-Improvement and Individual-Revolution Reflexes of other people.
In the era of Internet, there shouldn’t be poverty in the world. This is a paradox we must all do our best to eradicate. Familiarizing ourselves with the Capital Markets, definitely makes for a brilliant starting point.
Kind Regards
Sofia Stavropoulou
- Sales Rank: #688650 in eBooks
- Published on: 2013-04-08
- Released on: 2013-04-08
- Format: Kindle eBook
Most helpful customer reviews
2 of 2 people found the following review helpful.
You can't use the charts
By Norman Gootee
This strategy sounds good but it is impossible to read the example charts. I tried on the Kindle Fire HD 8.9" and then loaded it into Kindle for PC so I could use my big monitor and I just can't see the bollinger bands or the moving averages which makes it really hard to follow the examples. Maybe a print version would have better graphics.
1 of 1 people found the following review helpful.
Not as it Seems
By Mickey Sarver
I do not question Sophia's methodology but the book title led me to believe that it was strictly a simplified detailed explanation of Bollinger Bands. However, as with most gurus, Sophia has a "system" that incorporates Bollinger Bands but clouds the explanation of Bollinger Bands with a combination of two other indicators. So much for the KISS principle.
0 of 0 people found the following review helpful.
Good layout and simple to understand but not applicable for me.
By CHAN PUI LAI
I saw many ppl rate high stars so i bought this book. I should say the book is simple to understand. But it talk about bill williams fractals and alligator, which i may not found it easy to found in trading software. Therefore, i may not able to implement in my trading.
But good to learn new things though. So, i rate 4 stars here. Do not eant to pull down the result due to software problem. But just want to let other readers know that if your software cannot probide you Fractuals and Alligator, then the system introduced in this book is not useful for you.
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