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How to create an objective trading plan

Trading School (September 4th, 2008) Writes:
Today I’d like everyone to welcome back Dr. Barry Burns. He was a guest blogger a few weeks back and the overwhelming response was “we want him back”! So you asked for him, I called in a personal favor, and here he is again to help teach us. ================================================================ Traders who use technical analysis rely on charts to help establish a probability scenario for entering a trade. We generally look at 3 things: Price patterns. Volume patterns. Indicator patterns. There have been countless books written and courses sold on how to use these things to predict future market movement. Despite this, countless traders continue to fail in their attempts to become profitable. Why? After years of watching my father trade (he had 70 years of experience in the markets) and many years of my own experience, I’ve come to this conclusion: None of it works! That’s right. I haven’t found a single price pattern ...

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