Dominate Your Market
by Jim Wyckoff
The formula for trading success, according to Robert Deel, is: Self-Discipline + Knowledge + Experience + Skill = Success. Success = Profits.
Risk management and money management are key to achieving any success in a market, said Robert Deel, a registered investment adviser and portfolio manager for Strategic Management Decisions, based in Duarte, Calif. He was speaking at the Dow Jones Telerate Technical Analysis Group (TAG XVIII) meeting in New Orleans, held late last week.
by Jim Wyckoff
“My work has gotten better due to simplifying my approach,” John J. Murphy, the veteran technical analyst, author and CNBC resident technical analyst, told a group of equities and futures traders attending the Technical Analysis Group (TAG) XVIII trading conference sponsored by Dow Jones Telerate in New Orleans.
Murphy said he relies heavily on five or six “useful” technical indicators, including relative strength indicators, trendlines, moving averages, Bollinger bands, classic chart patterns such as triangles and double tops, and Fibonacci retracement levels.
[Read more…] about Simplicity Has Sharpened John Murphy’s Skills
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