My advice would be to learn price action trading (or investing) so called 'trading naked' ie without any indicators.
Have very specific rules for defining an up/down trend and sideways consolidation, entry, initial stop, trailing stop etc.
To be honest the majority of the trend lines on your chart baffle me. Might be a good start on learning what constitutes a trendline, various free mini ebooks around on the subject including pattens and measured moves.
This book might be exactly what your after + has companion educational material on his site. (i have no affiliation)
The Art & Science of Technical Analysis: Market Structure, Price Action & Trading Strategies by Adam Grimes.
Also check out youtube, a book doesnt compare to a webinar.
The hardest part imo will be to find what works for you and stop changing strategies/search for the elusive holy grail.
I obviously cant speak for others but i just do the same things over and over again.
Anyway, hope that was of some help, best of luck in your learning.
Peace
Karl
- Forums
- ASX - General
- charts
My advice would be to learn price action trading (or investing)...
Featured News
Featured News
The Watchlist
ACW
ACTINOGEN MEDICAL LIMITED
Will Souter, CFO
Will Souter
CFO
Previous Video
Next Video
SPONSORED BY The Market Online