weekend charting 8th jan 2010, page-20

Grubby i am 21 and have learnt so much and there is so much more to learn.

Bigcharts was what i started using, incredible charts is good and its cheap.

If you want to know the best thing i have learnt from Rob is trading is all about managing you risk. Make a spread sheet and only take positions your comfortable with, work out the size u want to take how much u will lose to the stop and how much u will gain to your target. if u not compfortable looking at it on excel dont take the trade.

That is the most important thing, Set a stop Set your limit and u can go out and play golf for the day and you dont have to stress. NO EMOTION TRADING!!

second best thing i learnt. KEEP IT SIMPLE. Ranges repeat, stochastics and EMA's are all you really need. you can use the ADX or the MACD on trades you want a bit of confirmation on or any other indicators (i have bolly bands on there also at 2.5 Standard Deviations) But simple is better.

3rd best lesson. as Selmax mentioned look at the EMA and where price is. If you want to keep it simple buy when over 41 and sell when below or when other emas cross. If you are just in for swing trading TIME FRAMES, look at weekly stochastics. are they pointing up or just crossed? if yes then look at daily, are they looking good? is price in a good position? where are the stops entry and target? then look at 4 hour even to time and entry if u gonna trade it for a daily play. and what ever time frame u gonna hold it for watch THOSE stochastics for an exit or at the target, if u buy on a weekly no point in selling when a 2 hour or 4 hour stochastic is turned down.

Hope this helps

Oh and read the charting threads and look at videos on youtube or read a book, candlesticks are good also...

Anyway enjoy