Since we have been recently talking about bigger picture items and mapping, I share some of my views below. 

https://caldaro.wordpress.com/

Above I have posted a link to Tony Caldaro's Blog. He is an Elliot Wave Technician (but quantifies the waves) and is widely followed. I view OEW as an objective way to 'map' the market. OEW stands for Objective Elliot Wave. With that said, mapping any market is subject to changes.  Thus the saying..project, monitor and adjust.  For those not aware, there are a myriad of counts from different technicians floating around. Heck, Tony alone has three separate versions he is currently tracking. 

While not perfect, the market historically reacted (and thus tracked) business cycles. For example, as corporate profits expanded the market would react by moving higher etc. However, over the past decade another force has certainly impacted the marketplace. That being the world's Central Banks. I'm not going to get into banter here but clearly they have impacted markets. All one has to do is to look at the World's Government Bond markets for evidence. 

Over the years, I have tracked many prognosticators (both Fundamental and Technical) and admittedly I attempted to employ this into my trading/investing strategy.  Even after becoming proficient in EW (unlike most), trading solely off EW and/or fundamentals led to mixed results for me. Don't get me wrong, there are certain things that I still employ and I'm not aware of any better mapping approach than OEW but mapping alone DOES NOT provide a defined price for making entries. I think it's useful to monitor such OEW counts as guides (mapping tool) and follow your company fundamentals in conjunction with the charts.  Fundamentals are especially important when dealing with smaller companies that are not widely held making the charts less effective. A balanced approach is especially wise when position or swing trading. 

For many years, I have long sought out an OBJECTIVE MEANS to SIMPLIFY MY TRADING/INVESTING. After extensive personal analysis (partially as a result of conducting several hundred tutorials) and combining that with years of experience and some other specific techniques (such as symmetry) that I found useful, I created a new approach to trading (that augments other things that were working for me).  

I found that focusing on PRICE was by far the most important. Since PRICE was most important, I shifted my focus to the Candles (all time frames) and Patterns (which are basically a collection of candles) and derived an approach for making OBJECTIVE ENTRIES. I believe that making OBJECTIVE ENTRIES is the single most important part of trading. Over the years, I continue to preach this point to members whether they are short term or swing players - it's relevant to both. Many of these techniques are discussed in the 5 1/2 hour recorded tutorial that we have on file and are things Matt and I constantly discuss in the newsletter so I'm not going to go into specifics here. However, I will say that I continue to employ these techniques into my trading AND how I search for valid setups.  

In summary, if you simply focus on the charts (and specifically the candles/patterns) on the time frame that suits your style and objectives you can garner objective entries, manage your trades/investments, and employ proper exits.  This brings me full circle as to why I state to avoid prognostications without evidence supporting (there are simply too many potential outcomes) when trading/investing. Over the past two weeks, I've heard some bullish and some bearish so how does that help? 

With that said, you can and should certainly employ technical analysis for range breaks (as recently transpired) and measured moves to help guide your trading but you must always adjust if the market provides a reason (evidence based) to alter your trade. Those who simply want to be told what the market is likely to do without having a system in place will more often than not fail. Develop and utilize a system that works for you..there are many valid approaches beyond those that we have discussed in the newsletter and tutorials. Every successful trader has some type of system/style that works for them and they will tell you that it's critical to have something in place. Simply put, find something that works for YOU.