Simplify It by James E. Rich with John B. Rich
Trading the financial markets doesn’t need to be complicated. Here’s a look at how two veteran traders realized that applying a simple, logical system is all you need to reap profits from the markets.
Most market technicians have tested every indicator known to mankind along with a combination of those indicators in search of a winning strategy or possibly even the holy grail. What technician has not discovered that a 60,3,3 stochastic provides a perfect signal with a particular stock, or that a 12,26,9 MACD works perfectly with another given stock?
THE FEWER, THE BETTER
When my brother, John Rich, introduced me to technical analysis back in the 1960s, charts were laboriously drawn by hand, and support, resistance, trendlines, and moving averages were among the only indicators...