by Michael Noonan, Edge Trader Plus:
What if you had someone, or something, to act as a reliable advisor telling you what to buy
and when, and also how to manage your risks? Would you pay attention? Who would say “No” to such a proposition? Yet, almost everyone does ignore the source. Instead, people listen to brokers, [foolish]talking heads on financial networks, or whatever other source one may choose for advice or direction.
The best and most reliable source is the market itself. It provides all available information from all available sources condensed into a bar, depicting the open, high, low, and close of whatever time frame one chooses: intra day, daily, weekly, monthly, annually, etc. What is interesting about this is that the information is available to everyone, at the same time any price is executed in the marketplace.
Please follow SGT Report on Twitter & help share the message.