Thanks to my friend ariesmbt.com that has introduce me to the one of famous legend of stock trader, Jesse Lauriston Livermore. You can read about him at http://en.wikipedia.org/wiki/Jesse_Lauriston_Livermore.
The method that he used is very simple and logically made any sense. He is a chartist, not a indicator user. He just look at the price movement with line chart, draw the number of price using a pen and paper. He just using pivot method to trade with.
The pivot method is a very simple way to count and implemented on chart. Everyone can do that. But most of now day trader to spoiled and used many indicator with their expectancy to grab more profit with more indicator.
On the next post, i will tell you the “key” of Livermore method. But not on every detail. Just global analytic.