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The Forex Trading Manual: The Rules-Based Approach to Making Money Trading Currencies by Javier Paz

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CHAPTER 5 Technical Analysis

My most memorable lesson about road signs came while I was riding a bike in Nancy, a city in the Lorraine region of eastern France. This particular morning, I was riding my bike downhill, and I had reached a speed of approximately 35 mph. To my surprise, all the cars to my left began to slow down. I did not see any reason why they were doing so. Of course, I kept going fast—until a vehicle came out of an intersection I was about to cross. I remember slamming on the brakes late, crashing into the side of this car, flying over the hood, and landing ungracefully on the pavement. I was very fortunate; I came away with only a few bruises and a heightened appreciation for road signs.

Now that you are familiar with the trading ...

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