Thanks for that. I would finish up by saying don't put too much emphasis on technical indicators such as MACD, RSi, ADX, etc. If you did then you could end up being too confident or too confused to make logical conclusions. Keep it simple. You'll find that if a chart looks good more often than not the indicators would be looking good as well. Money flow and on balance volume indicators however, give you the guts of whether or not a strong price trend is likely to be sustainable or not. They add or subtract volume according to the price closing up or down for the day. On its own volume is most significant. Big volume is big money. Money speaks louder than price action. Just be careful of sudden increases and decreases in volumes.
Keep it simple. Long trend lines are more valid than short trend lines. The more you times your draw long term trend lines the more you realise how effective they are, simply because institutions use them to begin entering or exiting with the big money. Keep it simple. The less indicators the more focused you will become. Keep it simple.
