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Saturday, February 17, 2024

Forecaster BS │ Robert Miner

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Learn to trade, ignore forecasters. «
 
'Forecasts' and 'signals' are useless without strategies and setups. A setup includes timing and levels for entry, exit, stop-loss, and position sizing in line with risk-management. This is what Robert Miner teaches in his books. Understand time cycles, price action, that price is always timed and measured; order flow, accumulation, manipulation and distribution (AMD/Power of 3); trend, trend reversal and trend continuation; time of day/week/month/quarter and risk/reward. Then develop 'signals' and strategies. Back-test. Learn to trade, ignore forecaster BS.