Major Advance in Institutional Trading Will Change World Trading
According to Eugene Steele, President of Executive Managed Forex Co. in Fort Lauderdale, Florida, the financial markets will see a change in their trading method. Steele came across a charting method which was published twenty years ago in Steve Nison's book Beyond Candle Sticks. However, it did not take him long to discover that the explanation offered in the book of how to trade the chart was wrong. Steele said, "Calling the method a 'three line break' chart is completely wrong." "Our test showed that the setting of three line breaks is a good way to lose money. We developed our method with TradeStation's platform and until a few weeks ago they were still referring to the 'three line break'. I posted a comment there and finally they got the word. So even a developer can be suckered in by a 20 year old mistake. However, in speaking with their easy language group they said they know of no one that trades these charts.