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Trading Tips No 4: Technical Analysis The Holy Grail Syndrome
By Bill Poulos


Article01.html
Many people in the UK, in fact as many as one in three UK taxpayers have paid too much tax! The Taxation People, are a forward thinking online accountancy service that specialise in helping people who might be eligible for a tax refund. They offer a online service, with a simple and easy to follow process that will get you the refund you are entitled to. I would urge you to check out The Taxation People, where if you have been or are currently employed The Taxation People can help you get a Tax Refund. The Taxation People are a trading name of Greer & Taylor LLP a respected and trusted accountancy service provider who offers a number of online services. Initially they are only offeering the Tax Refund service that can be found at www.thetaxationpeople.com, but Greer & Taylor LLP are about to lauch a cost effective Self Assesment Service, keep an eye on www.greer-taylor.com for more information.

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Another large garage bill makes you wonder if it`s really worth spending any more money on the car. It has reached the time in its life when it`s started to cost you in upkeep and a newer model might prove to be less bothersome. With no savings to speak of you might be considering one of the Unsecured Loans that a price comparison site has pinpointed for your needs. You looked at the Unsecured Loans a few months ago but haven`t done anything about it since. Using the website that searches for low cost loans is easy as you simply enter the loan amount that you are interested in, the time period that you need it for and the purpose of the loan. The company will also need your employment status and some information about you. An initial assessment will take place for the best quote available and once the loan comparison site has found the best quote, they`ll be in touch with you. Think about the type of car that you could get with one of the Unsecured Loans and how much cheaper it would be to run. You could even combine a few of your other smaller loans into the new one to cut down on your monthly outgoings.


Everyone knows that the Holy Grail of investing and trading is a myth. Finding a good technical analysis tool that will give you a trading system that wins all the time is called the holy grail of trading. This means that one would never have a losing trade, not to mention consecutive losing trades, never have an equity curve drawdown, and after five winning trades in a row will just keep on delivering winning trades forever! There is simply no technical analysis or system that wins on every trade.

Then why do most losing traders act as if there is or should be a trading system holy grail? You know the symptoms. When considering a new system to trade, losing traders will only consider those that have had a strong winning record for the prior month or quarter. They will jump from one system to another looking for the latest “hot” system, passing up or abandoning good systems that have had a good long-term record of accomplishment simply because they may have lost on the last three, four, or five trades. A good system can and will have five losers in a row. Likewise, a bad system can and will have five winners in a row. Therefore, selecting a trading system based on its most recent short-term record is a loser’s game - it’s the loser looking for the next system with a “holy grail” mentality.

Winners, on the other hand, know how to use good technical analysis that will properly evaluate a trading system to determine if it is good or not. Once they have found a good system and a technical analysis tool that delivers superior returns consistently over a long period of time (years), they stick with it. Even after they have had five losing trades in a row, they stick with it. Because they know while the Holy Grail does not exist, a good system will follow those losing trades with winners that more than offset the losers and deliver superior returns.

Think like a winner.

For more information, news and articles see:

The Taxation People - Article01.html
...Taxation People, are a forward thinking online accountancy service that specialise in helping people who might be eligible for a tax refund. They offer a online service, with a simple and easy to foll...
Visit The Taxation People...

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The Taxation People - Article03.html
...yers have paid too much tax! A new `No Win No Fee` tax refund service has just been launched by Greer & Taylor LLP on a dedicated new website The Taxation People which can be found at www.thetaxatio...
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