Sunday, 19 June 2011

The Value Of Charts

“This market remains anyone’s guess. Charts are constantly evolving with one pattern morphing into the next, into the next, into the next, and on and on it goes. The real value (arguably, the only value) of charts is they provide traders with trigger points containing favorable risk/reward relationships.” - Peter L. Brandt

True words. You might remember that last weekend I recommended Mr Brandt's book. The above quote comes from his blog. Thanks to The Prince from macrobusiness for letting me know about the blog.