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Crowd Money: A Practical Guide to Macro Behavioural Technical Analysis by Eoin Treacy

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Chapter 9: Consistency Characteristics

What we will cover in this chapter

The most consistent trends develop where the greatest imbalance between supply and demand exist.

Classic mistakes people make with charts

(i) Myopia

(ii) There are three things you can see on a chart: what you want to see, what you think you will see and what is really there.

Your first impression is almost always your best.

We can see what is really there by following a disciplined approach. This means asking the right questions:

1. Is the market in a major bull or bear market phase?

2. Is it trending or ranging?

3. Is the trend consistent or inconsistent?

4. If the trend is consistent, what are the consistency characteristics?

Example 1: Gold ...

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