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“If we look at the markets’ behavior as a function of price movement, and if price movement is a function of traders who are willing to bid prices up or offer them lower, then we can say that all price movement (market behavior) is a function of what traders believe about the future.  To be more specific, all price movement is a function of what individual traders believe about what is high and what is low.

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Finding and Maintaining Your Personal Trading Zone – Audio + Workbook - Mark Douglas
Finding and Maintaining Your Personal Trading Zone – Audio + Workbook – Mark Douglas