This is a conversation with a buddy from a few weeks ago.
Buddy: " I have seen two different chart readers in the past 12 hours; one said soy oil is a buy, and the other said it is a sell. I thought all charts would interpret the same."
Me: "Nope"
Buddy: "Well fuck."
Me: "It is an art, not a science."
Technical Analysis and trading are more art than science.
Skills, experience and mindset determine whether one creates the Statue of David or a stick man.
If one’s mindset is unhealthy, no skills or experience will provide accurate analysis.
One can develop a “feel” for the market.
This often happens in short spurts and entirely depends on one’s mindset.
Happiness and serenity in one’s personal life are critical to maintaining a “Feel” for the market.