Human - Think - Emotional - illogical

Market is "alive" with either human or auto-trade software executing orders.

Human by nature swing between emotional decision making and illogical. It is the way we are brought up and educated that mess up our decision making pushing to the extremes both ends.

Our mind is a baggage when it inhibits slow and poor decisions. We have to the replay and remind of the past irrespective of negative or positive outcomes.

I live in the "amphibious" environment having educated formally in academic finance accounting plus self-trained with experience in the chart analysis over the years.

In the corporate world, the only language is the classic academic finance accounting lingo.

In the real world of financial market, what matters truly is PRICE and TREND. One cannot simply deduce a conclusion on market price trend base on academic finance accounting. One will be slain into 18 pieces using the wrong tool to understand market price trend.

The academic finance accounting is linear mathematical reasoning which is actually very dangerous when one does not understand which side the market trend is heading.

As much as one would like to believe and claim the validity of accounting finance in the markets, I will disagree completely that the is the only game in town.

I will come to even proclaim that what matter when one place money on the table is price and trend. Nothing more and nothing less. I bin my finance accounting knowledge when it comes to timing market.

I only look at the charts for clues to time my entry to determine low risk and high rewards entries.

One can learn to drive from the books or one can actually learn to drive by driving the vehicles.

I have progressed and moved on.  

The challenge is instead of disbelieving and condemning the importance or charts, one should explore the strength and weakness the different schools of chart analysis. Use this to improve one's knowledge